Tyson Foods, Inc. $TSN Shares Bought by Amundi

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 raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 96.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,556,812 shares of the company's stock after purchasing an additional 763,887 shares during the period. Amundi owned 0.44% of Tyson Foods worth $98,951,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. grew its stake in shares of Tyson Foods by 20.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 261,155 shares of the company's stock valued at $16,664,000 after buying an additional 45,100 shares during the period. PDT Partners LLC boosted its holdings in Tyson Foods by 33.1% in the first quarter. PDT Partners LLC now owns 54,936 shares of the company's stock valued at $3,505,000 after acquiring an additional 13,657 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its position in Tyson Foods by 128.6% during the first quarter. Focus Partners Advisor Solutions LLC now owns 17,740 shares of the company's stock valued at $1,132,000 after acquiring an additional 9,980 shares during the period. Graham Capital Management L.P. grew its position in Tyson Foods by 31.1% during the first quarter. Graham Capital Management L.P. now owns 86,315 shares of the company's stock valued at $5,508,000 after acquiring an additional 20,461 shares during the period. Finally, MAI Capital Management increased its stake in Tyson Foods by 4.7% during the first quarter. MAI Capital Management now owns 7,700 shares of the company's stock worth $491,000 after acquiring an additional 348 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Up 1.2%

Tyson Foods stock traded up $0.67 during midday trading on Thursday, hitting $56.09. 2,932,567 shares of the stock were exchanged, compared to its average volume of 2,335,889. Tyson Foods, Inc. has a 1 year low of $51.85 and a 1 year high of $65.95. 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 cap of $19.96 billion, a P/E ratio of 25.50, a P/E/G ratio of 0.75 and a beta of 0.59. The company has a 50 day moving average price of $55.43 and a two-hundred day moving average price of $57.39.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.91 earnings per share 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 company had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. During the same period last year, the firm earned $0.87 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. Tyson Foods has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods declared that its board has approved a stock buyback plan on Thursday, August 7th that allows the company to buyback 43,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.6%. Tyson Foods's payout ratio is currently 90.91%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TSN. 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. Stephens cut their price target on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Sanford C. Bernstein downgraded shares of Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets dropped their price objective 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. Finally, JP Morgan Cazenove cut their target price 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. Two equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.