Tyson Foods, Inc. $TSN Shares Purchased by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. increased its stake in Tyson Foods by 15.7% in Q1, owning over 1.3 million shares valued at approximately $87.7 million.
• Tyson Foods reported earnings of $0.91 EPS for the last quarter, surpassing expectations and showing a 4% year-over-year revenue growth.
• The company authorized a stock buyback plan for up to 43 million shares, indicating management's belief that the stock is undervalued.

Panagora Asset Management Inc. boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 15.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,373,886 shares of the company's stock after purchasing an additional 186,224 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.39% of Tyson Foods worth $87,668,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TSN. Park Square Financial Group LLC purchased a new stake in Tyson Foods during the fourth quarter worth $25,000. Curat Global LLC purchased a new stake in Tyson Foods during the first quarter worth $28,000. Zions Bancorporation National Association UT purchased a new stake in Tyson Foods during the first quarter worth $28,000. Rossby Financial LCC purchased a new stake in Tyson Foods during the first quarter worth $53,000. Finally, Siemens Fonds Invest GmbH purchased a new stake in Tyson Foods during the fourth quarter worth $65,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. BMO Capital Markets decreased their target price on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research report on Monday, July 28th. Stephens reduced their price objective on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. JP Morgan Cazenove reduced their price objective on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. initiated coverage on Tyson Foods in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, Tyson Foods has an average rating of "Hold" and an average price target of $61.25.

Tyson Foods Trading Up 1.2%

Tyson Foods stock traded up $0.68 during trading on Monday, hitting $56.80. The company's stock had a trading volume of 2,591,544 shares, compared to its average volume of 2,756,912. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 0.77 and a beta of 0.59. The stock's fifty day moving average is $55.43 and its 200 day moving average is $57.53. Tyson Foods, Inc. has a 1-year low of $51.85 and a 1-year high of $66.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio is presently 90.91%.

Tyson Foods declared that its board has approved a stock buyback plan on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Tyson Foods Company Profile

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.