OLD National Bancorp IN Boosts Position in Tyson Foods, Inc. $TSN

OLD National Bancorp IN boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 23.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 353,175 shares of the company’s stock after purchasing an additional 67,870 shares during the quarter. OLD National Bancorp IN owned approximately 0.10% of Tyson Foods worth $19,757,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Tyson Foods by 0.7% during the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock worth $2,294,697,000 after purchasing an additional 247,051 shares in the last quarter. Pzena Investment Management LLC boosted 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 worth $846,379,000 after purchasing an additional 1,271,750 shares in the last quarter. Northern Trust Corp boosted its position in Tyson Foods by 0.8% during the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company’s stock worth $302,315,000 after purchasing an additional 36,941 shares in the last quarter. Davis Selected Advisers boosted its position in Tyson Foods by 51.9% during the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company’s stock worth $298,604,000 after purchasing an additional 1,598,896 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Tyson Foods by 776.8% in the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock worth $180,933,000 after acquiring an additional 2,518,416 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $54.71 on Friday. The firm has a market capitalization of $19.46 billion, a PE ratio of 24.87, a P/E/G ratio of 0.72 and a beta of 0.57. 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 business has a 50-day moving average of $55.36 and a two-hundred day moving average of $56.63. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $65.95.

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

Tyson Foods announced that its Board of Directors has authorized a stock buyback program on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. Tyson Foods’s dividend payout ratio is presently 90.91%.

Analyst Ratings Changes

TSN has been the subject of a number of analyst reports. Santander initiated coverage on Tyson Foods in a report on Thursday, September 25th. They issued a “neutral” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Tyson Foods in a report on Saturday, September 27th. The Goldman Sachs Group initiated coverage on Tyson Foods in a report on Monday, June 23rd. They issued a “buy” rating and a $67.00 price target for the company. Bernstein Bank cut Tyson Foods to a “market perform” rating and cut their price target for the stock from $74.00 to $59.00 in a report on Wednesday, July 23rd. Finally, JP Morgan Cazenove cut their price target on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.