Tyson Foods, Inc. $TSN Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in Tyson Foods by 12.3%, selling 17,227 shares, bringing their total holdings to 122,450 shares worth approximately $7.8 million.
• Tyson Foods reported Q2 earnings of $0.91 per share, surpassing analysts' expectations of $0.72, with revenues of $13.88 billion for the quarter.
• The company announced a quarterly dividend of $0.50 per share, representing a 3.5% dividend yield, and initiated a share buyback plan allowing for the repurchase of up to 43 million shares.

Lansforsakringar Fondforvaltning AB publ reduced its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 12.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,450 shares of the company's stock after selling 17,227 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Tyson Foods were worth $7,814,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Ieq Capital LLC purchased a new position in Tyson Foods in the 1st quarter valued at approximately $5,991,000. Quadcap Wealth Management LLC purchased a new position in Tyson Foods in the 1st quarter valued at approximately $472,000. Redwood Investment Management LLC purchased a new position in Tyson Foods in the 1st quarter valued at approximately $1,307,000. Gabelli Funds LLC increased its stake in Tyson Foods by 16.3% in the 1st quarter. Gabelli Funds LLC now owns 75,600 shares of the company's stock valued at $4,824,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Tyson Foods by 62.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 475,685 shares of the company's stock valued at $30,353,000 after purchasing an additional 182,277 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TSN shares. JP Morgan Cazenove dropped their price objective on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, July 7th. Bernstein Bank downgraded Tyson Foods to a "market perform" rating and dropped their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Stephens dropped their price target on Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. assumed coverage on Tyson Foods in a research report on Wednesday, August 20th. They set a "neutral" rating and a $60.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and an average price target of $61.25.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $56.80 on Friday. The company has a market cap of $20.21 billion, a P/E ratio of 25.82, a P/E/G ratio of 0.77 and a beta of 0.59. 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 52 week low of $51.85 and a 52 week high of $66.88. The business has a fifty day simple moving average of $55.39 and a 200-day simple moving average of $57.53.

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

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods's payout ratio is currently 90.91%.

Tyson Foods announced that its Board of Directors has approved a share buyback plan on Thursday, August 7th that allows the company to repurchase 43,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are 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.

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