AustralianSuper Pty Ltd Makes New Investment in Tyson Foods, Inc. $TSN

AustralianSuper Pty Ltd purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,704 shares of the company’s stock, valued at approximately $1,158,000.

A number of other large investors have also modified their holdings of TSN. Zions Bancorporation National Association UT acquired a new position in Tyson Foods during the 1st quarter valued at about $28,000. Matrix Trust Co raised its holdings in shares of Tyson Foods by 28,200.0% during the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after buying an additional 564 shares during the last quarter. First Command Advisory Services Inc. boosted its position in shares of Tyson Foods by 389.8% during the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after buying an additional 460 shares during the period. Beacon Capital Management LLC bought a new position in Tyson Foods in the 2nd quarter worth approximately $37,000. Finally, Armstrong Advisory Group Inc. increased its position in Tyson Foods by 130.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 685 shares of the company’s stock valued at $38,000 after acquiring an additional 388 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.2%

Shares of NYSE:TSN opened at $52.20 on Wednesday. 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 stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 0.87 and a beta of 0.57. Tyson Foods, Inc. has a 1-year low of $51.04 and a 1-year high of $65.95. The company has a 50 day moving average price of $54.41 and a 200 day moving average price of $55.61.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. The company had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. Tyson Foods has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods announced that its board has approved a share repurchase plan on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. Tyson Foods’s dividend payout ratio (DPR) is 90.91%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets reduced their price target on 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. JP Morgan Cazenove reduced their price objective on shares of Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 7th. Santander began coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They set a “neutral” rating on the stock. Stephens dropped their price target on shares of Tyson Foods from $61.00 to $55.00 in a research report on Tuesday, July 15th. Finally, Bernstein Bank cut shares of Tyson Foods to a “market perform” rating and decreased their price objective for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.92.

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.