Tyson Foods, Inc. $TSN Shares Sold by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC has reduced its stake in Tyson Foods by 1.9%, now owning 264,913 shares, valued at approximately $14.8 million.
• Tyson Foods reported a successful quarterly earnings with an EPS of $0.91, exceeding estimates and showing a 4% year-over-year revenue growth.
• The company has announced a $0.50 quarterly dividend set to be paid on December 15th, leading to an annualized yield of 3.8%.

Applied Finance Capital Management LLC reduced its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 264,913 shares of the company's stock after selling 5,063 shares during the quarter. Applied Finance Capital Management LLC owned 0.07% of Tyson Foods worth $14,818,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TSN. State of Alaska Department of Revenue grew its position in Tyson Foods by 70.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company's stock valued at $3,195,000 after buying an additional 23,625 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Tyson Foods by 66.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company's stock worth $18,604,000 after acquiring an additional 132,947 shares during the period. Bessemer Group Inc. lifted its stake in shares of Tyson Foods by 11.3% in the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock worth $408,000 after acquiring an additional 651 shares during the period. Tabor Asset Management LP purchased a new stake in shares of Tyson Foods in the first quarter valued at about $2,180,000. Finally, VELA Investment Management LLC increased its stake in shares of Tyson Foods by 45.6% during the first quarter. VELA Investment Management LLC now owns 17,678 shares of the company's stock worth $1,128,000 after acquiring an additional 5,537 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

TSN opened at $52.15 on Friday. Tyson Foods, Inc. has a 1-year low of $51.07 and a 1-year high of $65.95. The stock has a market cap of $18.55 billion, a P/E ratio of 23.70, a P/E/G ratio of 0.87 and a beta of 0.57. The stock's 50 day simple moving average is $55.13 and its 200 day simple moving average is $56.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78.

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

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. Tyson Foods's payout ratio is currently 90.91%.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSN. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price objective for the company. Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Tyson Foods in a research note on Wednesday, October 8th. Santander started coverage on Tyson Foods in a report on Thursday, September 25th. They set a "neutral" rating on the stock. Finally, Bank of America reduced their target price on Tyson Foods from $59.00 to $58.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $60.92.

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.

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