Qtron Investments LLC Lowers Stock Position in Tyson Foods, Inc. $TSN

Key Points

• Qtron Investments LLC reduced its stake in Tyson Foods by 72.2%, owning 3,617 shares worth approximately $231,000 after selling 9,374 shares in the first quarter.
• Recent analyst updates show a mixed outlook for Tyson Foods, with Goldman Sachs initiating coverage with a "buy" rating and a price target of $67.00, while others lowered targets to $59.00.
• Tyson Foods declared a quarterly dividend of $0.50, representing an annualized yield of 3.5%, and also announced a stock repurchase plan for 43 million shares, indicating confidence in its stock value.

Qtron Investments LLC lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 72.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,617 shares of the company's stock after selling 9,374 shares during the period. Qtron Investments LLC's holdings in Tyson Foods were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Tyson Foods by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company's stock worth $2,294,697,000 after acquiring an additional 247,051 shares during the last quarter. Pzena Investment Management LLC lifted its position in Tyson Foods by 10.6% during the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after purchasing an additional 1,271,750 shares during the last quarter. Northern Trust Corp grew its stake in shares of Tyson Foods by 0.8% in the 1st quarter. Northern Trust Corp now owns 4,737,737 shares of the company's stock worth $302,315,000 after buying an additional 36,941 shares in the last quarter. Davis Selected Advisers increased its holdings in shares of Tyson Foods by 51.9% in the 1st quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after buying an additional 1,598,896 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Tyson Foods by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,745,556 shares of the company's stock valued at $175,159,000 after buying an additional 52,300 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSN has been the topic of several analyst reports. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group assumed coverage on Tyson Foods in a research report on Monday, June 23rd. They set a "buy" rating and a $67.00 target price on the stock. 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 report on Wednesday, July 23rd. JP Morgan Cazenove dropped their price objective 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 cut their price objective on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and an average target price of $61.25.

Tyson Foods Trading Up 1.1%

Shares of NYSE TSN traded up $0.6160 during mid-day trading on Friday, reaching $57.5860. The company had a trading volume of 1,986,836 shares, compared to its average volume of 2,773,614. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 0.79 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 business's 50-day moving average is $55.14 and its 200-day moving average is $57.56. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. Equities analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

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

Tyson Foods declared that its board has initiated a share repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

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.