Tyson Foods, Inc. $TSN Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC reduced its stake in Tyson Foods, Inc. by 36.0%, selling 5,930 shares and holding 10,530 shares worth $672,000.
• Several hedge funds, including Vanguard Group Inc. and Davis Selected Advisers, increased their holdings in Tyson Foods, with Davis increasing its stake by 51.9%.
• Tyson Foods announced a quarterly dividend of $0.50 per share, representing an annual yield of 3.5%, and plans to repurchase 43 million shares as part of its buyback program.

AlphaQuest LLC lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 36.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,530 shares of the company's stock after selling 5,930 shares during the quarter. AlphaQuest LLC's holdings in Tyson Foods were worth $672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TSN. Allworth Financial LP grew its stake in Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company's stock valued at $105,000 after buying an additional 191 shares in the last quarter. Utah Retirement Systems lifted its stake in Tyson Foods by 0.4% in the fourth quarter. Utah Retirement Systems now owns 46,619 shares of the company's stock worth $2,678,000 after purchasing an additional 200 shares during the last quarter. Horizon Investments LLC raised its stake in shares of Tyson Foods by 5.1% during the first quarter. Horizon Investments LLC now owns 4,111 shares of the company's stock valued at $262,000 after acquiring an additional 201 shares during the last quarter. Independent Advisor Alliance increased its position in shares of Tyson Foods by 2.3% during the first quarter. Independent Advisor Alliance now owns 9,100 shares of the company's stock valued at $581,000 after buying an additional 204 shares during the period. Finally, Cornerstone Wealth Management LLC increased its position in shares of Tyson Foods by 0.6% during the first quarter. Cornerstone Wealth Management LLC now owns 35,257 shares of the company's stock valued at $2,250,000 after buying an additional 208 shares during the period. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

NYSE:TSN traded down $1.31 during trading hours on Thursday, hitting $56.13. 3,289,290 shares of the company were exchanged, compared to its average volume of 2,805,666. The stock has a market capitalization of $19.97 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 0.78 and a beta of 0.59. Tyson Foods, Inc. has a 52-week low of $51.85 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. The company's 50 day moving average price is $55.34 and its 200-day moving average price is $57.54.

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

Tyson Foods Dividend Announcement

The company 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 dividend yield of 3.6%. The ex-dividend date is Monday, December 1st. Tyson Foods's payout ratio is currently 90.91%.

Tyson Foods declared that its board has authorized a share buyback program on Thursday, August 7th that authorizes the company to buyback 43,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSN. JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price target on the stock. BMO Capital Markets decreased 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 report on Monday, July 28th. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. 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 target price for the company. Finally, JP Morgan Cazenove cut 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. Two equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Tyson Foods currently has an average rating of "Hold" and an average price target of $61.25.

Tyson Foods 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.