Amundi Has $98.95 Million Stock Holdings in Tyson Foods, Inc. $TSN

Key Points

• Amundi significantly increased its stake in Tyson Foods, raising it by 96.3% to 1,556,812 shares, following the acquisition of an additional 763,887 shares.
• In the first quarter, several other institutional investors also boosted their positions, with Davis Selected Advisers and Pacer Advisors Inc. increasing their stakes by 51.9% and 4,207.2%, respectively.
• Tyson Foods announced a $0.50 quarterly dividend and approved a stock buyback program for 43 million shares, signaling management's confidence in the stock's valuation.

Amundi lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 96.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,556,812 shares of the company's stock after purchasing an additional 763,887 shares during the period. Amundi owned about 0.44% of Tyson Foods worth $98,951,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TSN. Allworth Financial LP grew its position in shares of Tyson Foods by 12.6% during the first quarter. Allworth Financial LP now owns 1,705 shares of the company's stock worth $105,000 after acquiring an additional 191 shares during the last quarter. Horizon Investments LLC grew its position in shares of Tyson Foods by 5.1% during the first quarter. Horizon Investments LLC now owns 4,111 shares of the company's stock worth $262,000 after acquiring an additional 201 shares during the last quarter. Independent Advisor Alliance grew its position in shares of Tyson Foods by 2.3% during the first quarter. Independent Advisor Alliance now owns 9,100 shares of the company's stock worth $581,000 after acquiring an additional 204 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Tyson Foods by 0.6% during the first quarter. Cornerstone Wealth Management LLC now owns 35,257 shares of the company's stock worth $2,250,000 after acquiring an additional 208 shares during the last quarter. Finally, Unison Advisors LLC grew its position in Tyson Foods by 0.9% in the 1st quarter. Unison Advisors LLC now owns 26,209 shares of the company's stock valued at $1,672,000 after buying an additional 232 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of recent analyst reports. Sanford C. Bernstein lowered shares of Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. JP Morgan Cazenove decreased their target price on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating for the company in a research report on Monday, July 7th. The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $60.00 target price for the company. Finally, BMO Capital Markets decreased their target price on shares of Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Tyson Foods has an average rating of "Hold" and a consensus price target of $61.25.

Tyson Foods Stock Down 0.5%

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

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

Tyson Foods declared that its board has approved a share repurchase program on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to buy 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. Investors of record on Monday, December 1st will be issued a $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. Tyson Foods's dividend payout ratio is currently 90.91%.

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.