Korea Investment CORP Purchases 15,300 Shares of Tyson Foods, Inc. $TSN

Key Points

• Korea Investment CORP increased its stake in Tyson Foods by 14.7%, acquiring an additional 15,300 shares, bringing its total holdings to 119,159 shares valued at approximately $7.6 million.
• Tyson Foods reported $0.91 earnings per share, exceeding expectations, with a revenue of $13.88 billion for the quarter, a 4.0% increase year-over-year.
• The company declared a quarterly dividend of $0.50 per share with a yield of 3.5%, alongside authorizing a stock buyback plan for up to 43 million shares.

Korea Investment CORP boosted its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 14.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,159 shares of the company's stock after purchasing an additional 15,300 shares during the period. Korea Investment CORP's holdings in Tyson Foods were worth $7,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of TSN. Park Square Financial Group LLC bought a new stake in Tyson Foods during the fourth quarter valued at $25,000. Curat Global LLC bought a new stake in Tyson Foods during the first quarter valued at $28,000. Zions Bancorporation National Association UT bought a new stake in Tyson Foods during the first quarter valued at $28,000. Rossby Financial LCC bought a new stake in Tyson Foods during the first quarter valued at $53,000. Finally, Siemens Fonds Invest GmbH bought a new stake in Tyson Foods during the fourth quarter valued at $65,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 0.2%

NYSE TSN traded down $0.1270 during trading hours on Monday, hitting $57.4830. The company's stock had a trading volume of 2,159,826 shares, compared to its average volume of 2,779,620. Tyson Foods, Inc. has a 52 week low of $51.85 and a 52 week high of $66.88. The company has a market capitalization of $20.45 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 0.78 and a beta of 0.59. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The company's 50-day simple moving average is $55.14 and its two-hundred day simple moving average is $57.56.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating 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 business had revenue of $13.88 billion for the quarter, compared to analysts' expectations of $13.54 billion. During the same quarter last year, the firm earned $0.87 EPS. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

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

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Tyson Foods's dividend payout ratio (DPR) is currently 90.91%.

Analyst Ratings Changes

TSN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price target on the stock. JP Morgan Cazenove cut their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. The Goldman Sachs Group started coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective on the stock. Stephens cut their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Finally, BMO Capital Markets cut their price objective on shares of 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. Two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.