Tyson Foods, Inc. $TSN Shares Acquired by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Tyson Foods by 7.9%, owning 93,491 shares valued at approximately $5.23 million.
• Tyson Foods reported earnings of $0.91 EPS, exceeding estimates, with a revenue of $13.88 billion for the quarter, indicating a year-over-year growth of 4%.
• The company announced a stock repurchase program allowing the buyback of 43 million shares, reflecting management's belief that the stock is currently undervalued.

Public Employees Retirement System of Ohio increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,491 shares of the company's stock after acquiring an additional 6,875 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Tyson Foods were worth $5,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSN. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Tyson Foods by 66.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,708 shares of the company's stock worth $1,017,000 after buying an additional 7,092 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Tyson Foods by 5,809.7% during the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock worth $29,459,000 after buying an additional 453,853 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Tyson Foods by 26.7% during the 1st quarter. Parallel Advisors LLC now owns 8,795 shares of the company's stock worth $561,000 after buying an additional 1,851 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Tyson Foods by 9.8% during the 1st quarter. Rhumbline Advisers now owns 621,149 shares of the company's stock worth $39,635,000 after buying an additional 55,453 shares during the last quarter. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of Tyson Foods during the 1st quarter worth approximately $203,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Down 0.5%

NYSE TSN opened at $53.95 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52 week low of $51.85 and a 52 week high of $65.95. The stock has a market capitalization of $19.19 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 0.74 and a beta of 0.59. The firm has a 50 day moving average of $55.34 and a two-hundred day moving average of $56.77.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $13.54 billion. During the same quarter in the previous year, the business posted $0.87 EPS. The firm's revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods declared that its board has approved a stock repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, December 1st. Tyson Foods's payout ratio is 90.91%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Stephens cut their price target on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target on the stock. Bernstein Bank downgraded shares of Tyson Foods to a "market perform" rating and reduced their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets reduced their price target on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research note on Monday, July 28th. Finally, JP Morgan Cazenove reduced their price target on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. Two research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $61.25.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

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