Vident Advisory LLC Has $958,000 Stock Position in Tyson Foods, Inc. $TSN

Key Points

• Vident Advisory LLC has significantly reduced its holdings in Tyson Foods by 77.4%, now owning only 15,019 shares valued at approximately $958,000.
• Tyson Foods reported earnings of $0.91 EPS, exceeding analyst expectations, with revenue reaching $13.88 billion for the quarter.
• The company's Board of Directors has approved a share buyback program allowing the purchase of up to 43 million shares, indicating they believe the stock is undervalued.

Vident Advisory LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 77.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,019 shares of the company's stock after selling 51,398 shares during the period. Vident Advisory LLC's holdings in Tyson Foods were worth $958,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. grew its stake in Tyson Foods by 11.3% during the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock valued at $408,000 after purchasing an additional 651 shares in the last quarter. Tabor Asset Management LP bought a new stake in shares of Tyson Foods in the 1st quarter worth about $2,180,000. VELA Investment Management LLC lifted its position 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 purchasing an additional 5,537 shares during the last quarter. World Investment Advisors raised its stake in Tyson Foods by 54.2% during the first quarter. World Investment Advisors now owns 14,861 shares of the company's stock valued at $948,000 after buying an additional 5,226 shares in the last quarter. Finally, Summit Global Investments lifted its stake in Tyson Foods by 212.8% during the first quarter. Summit Global Investments now owns 230,921 shares of the company's stock worth $14,735,000 after purchasing an additional 157,092 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 0.5%

Tyson Foods stock traded down $0.29 during trading hours on Monday, hitting $55.91. The company had a trading volume of 2,859,939 shares, compared to its average volume of 2,707,620. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two 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 firm has a market capitalization of $19.89 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 0.77 and a beta of 0.59. The firm's fifty day moving average is $55.52 and its 200-day moving average is $57.48.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 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 business had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $13.54 billion. During the same quarter in the previous year, the business posted $0.87 EPS. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. Tyson Foods has set its FY 2025 guidance at EPS. On average, research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

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

Tyson Foods Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on TSN. BMO Capital Markets cut their target price on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. started coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 price target for the company. JP Morgan Cazenove lowered their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. The Goldman Sachs Group started coverage on Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. Finally, Stephens cut their price target on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $61.25.

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.