Gotham Asset Management LLC Sells 9,640 Shares of Tyson Foods, Inc. $TSN

Key Points

• Gotham Asset Management LLC reduced its stake in Tyson Foods by 3.0%, owning 314,930 shares worth approximately $20 million after selling 9,640 shares.
• Analysts have mixed views on Tyson Foods, with targets ranging from $55.00 to $67.00, but the consensus rating remains a "Hold" with an average target price of $61.25.
• Tyson Foods announced a quarterly dividend of $0.50, reflecting an annual yield of 3.6%, and initiated a buyback program for up to 43 million shares.

Gotham Asset Management LLC lowered its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 3.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 314,930 shares of the company's stock after selling 9,640 shares during the quarter. Gotham Asset Management LLC owned 0.09% of Tyson Foods worth $20,096,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSN. AQR Capital Management LLC grew its holdings in shares of Tyson Foods by 776.8% during the 1st quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company's stock worth $180,933,000 after purchasing an additional 2,518,416 shares in the last quarter. Davis Selected Advisers grew its holdings in shares of Tyson Foods by 51.9% during the 1st quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after purchasing an additional 1,598,896 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Tyson Foods by 4,207.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock worth $104,344,000 after purchasing an additional 1,597,272 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Tyson Foods by 10.6% during the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after purchasing an additional 1,271,750 shares in the last quarter. Finally, Amundi grew its holdings in shares of Tyson Foods by 96.3% during the 1st quarter. Amundi now owns 1,556,812 shares of the company's stock worth $98,951,000 after purchasing an additional 763,887 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Analysts Set New Price Targets

TSN has been the topic of several recent analyst reports. Sanford C. Bernstein lowered Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Bernstein Bank lowered Tyson Foods to a "market perform" rating and decreased their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets decreased their price target on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a research note on Monday, July 28th. JPMorgan Chase & Co. initiated coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $61.25.

Tyson Foods Price Performance

TSN traded down $0.29 during trading on Monday, hitting $55.91. The company's stock had a trading volume of 2,859,939 shares, compared to its average volume of 2,347,225. The firm's 50 day moving average price is $55.52 and its two-hundred day moving average price is $57.45. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $66.88. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59.

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, beating the consensus estimate of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The business'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. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.50 per share. The ex-dividend date is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. Tyson Foods's payout ratio is presently 90.91%.

Tyson Foods announced that its board has authorized a share repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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.