Tyson Foods, Inc. $TSN Stock Holdings Increased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC has significantly increased its holdings in Tyson Foods, Inc. by 776.8% during the first quarter, now owning 2,842,627 shares valued at approximately $180.9 million.
• Tyson Foods reported earnings of $0.91 per share for the last quarter, exceeding expectations, with revenue of $13.88 billion reflecting a 4% year-over-year increase.
• The company announced a quarterly dividend of $0.50 per share, representing an annual yield of 3.6%, with the dividend payout ratio currently at 90.91%.

AQR Capital Management LLC increased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 776.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,842,627 shares of the company's stock after purchasing an additional 2,518,416 shares during the quarter. AQR Capital Management LLC owned 0.80% of Tyson Foods worth $180,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of Tyson Foods by 11.3% in the 1st quarter. Bessemer Group Inc. now owns 6,399 shares of the company's stock worth $408,000 after purchasing an additional 651 shares in the last quarter. Tabor Asset Management LP acquired a new stake in shares of Tyson Foods during the first quarter valued at approximately $2,180,000. VELA Investment Management LLC raised its holdings 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 valued at $1,128,000 after acquiring an additional 5,537 shares during the period. World Investment Advisors raised its holdings in shares of 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 acquiring an additional 5,226 shares during the period. Finally, Summit Global Investments raised its holdings in shares of Tyson Foods by 212.8% during the first quarter. Summit Global Investments now owns 230,921 shares of the company's stock valued at $14,735,000 after acquiring an additional 157,092 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Down 0.4%

Shares of Tyson Foods stock opened at $56.31 on Thursday. The stock has a market capitalization of $20.03 billion, a P/E ratio of 25.59, a price-to-earnings-growth 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. The company has a 50-day simple moving average of $55.48 and a 200 day simple moving average of $57.51. 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 announced its 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. The business had revenue of $13.88 billion during the quarter, compared to analysts' expectations of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. Research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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

Tyson Foods announced that its board has authorized a stock repurchase plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSN. JPMorgan Chase & Co. began 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. JP Morgan Cazenove dropped their price target 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. BMO Capital Markets decreased 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 report on Monday, July 28th. Bernstein Bank downgraded shares of Tyson Foods to a "market perform" rating and decreased their price objective for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group initiated coverage on shares of Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $61.25.

About Tyson Foods

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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