Tyson Foods, Inc. $TSN Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in Tyson Foods by 66.6% in the second quarter, owning 332,578 shares valued at approximately $18.6 million.
• Tyson Foods reported earnings of $0.91 per share for the last quarter, surpassing analysts' expectations and indicating a 4.0% increase in revenue year-over-year.
• The company has initiated a stock buyback plan to repurchase 43 million shares, suggesting that its leadership considers the stock to be undervalued.

Robeco Institutional Asset Management B.V. grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 66.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,578 shares of the company's stock after buying an additional 132,947 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of Tyson Foods worth $18,604,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TSN. New Wave Wealth Advisors LLC lifted its holdings in shares of Tyson Foods by 1.0% during the 2nd quarter. New Wave Wealth Advisors LLC now owns 95,524 shares of the company's stock valued at $5,344,000 after acquiring an additional 968 shares in the last quarter. Trilogy Capital Inc. purchased a new position in Tyson Foods in the second quarter valued at about $228,000. Northwest Wealth Management LLC lifted its stake in shares of Tyson Foods by 15.9% during the second quarter. Northwest Wealth Management LLC now owns 7,831 shares of the company's stock worth $438,000 after purchasing an additional 1,076 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Tyson Foods by 75.1% in the second quarter. HB Wealth Management LLC now owns 14,671 shares of the company's stock worth $821,000 after buying an additional 6,292 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Tyson Foods by 16.4% in the second quarter. V Square Quantitative Management LLC now owns 5,014 shares of the company's stock worth $280,000 after buying an additional 707 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Tyson Foods stock opened at $54.71 on Friday. Tyson Foods, Inc. has a 52 week low of $51.85 and a 52 week high of $65.95. 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 stock has a market cap of $19.46 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 0.72 and a beta of 0.57. The stock has a 50 day moving average of $55.36 and a 200-day moving average of $56.63.

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

Tyson Foods announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically 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. Investors of record on Monday, December 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is 90.91%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets dropped their target price on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a report on Monday, July 28th. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 price objective on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Tyson Foods in a research report on Saturday, September 27th. JP Morgan Cazenove decreased their target price on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, July 7th. Finally, Stephens dropped their price target on shares of Tyson Foods from $61.00 to $55.00 in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $61.25.

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.

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