Magnetar Financial LLC Boosts Stake in Tyson Foods, Inc. $TSN

Magnetar Financial LLC raised its position in Tyson Foods, Inc. (NYSE:TSN) by 36.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,852 shares of the company’s stock after purchasing an additional 11,238 shares during the quarter. Magnetar Financial LLC’s holdings in Tyson Foods were worth $2,671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Davis Selected Advisers raised its holdings in shares of Tyson Foods by 51.9% in the 1st quarter. Davis Selected Advisers now owns 4,679,582 shares of the company’s stock valued at $298,604,000 after buying an additional 1,598,896 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Tyson Foods by 4,207.2% in the first quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company’s stock valued at $104,344,000 after purchasing an additional 1,597,272 shares during the period. Pzena Investment Management LLC grew its holdings in shares of Tyson Foods by 10.6% in the first quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company’s stock valued at $846,379,000 after purchasing an additional 1,271,750 shares in the last quarter. Nuveen LLC purchased a new stake in Tyson Foods during the 1st quarter worth approximately $41,582,000. Finally, GAMMA Investing LLC increased its stake in Tyson Foods by 5,809.7% during the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company’s stock worth $29,459,000 after buying an additional 453,853 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 1.2%

Shares of Tyson Foods stock opened at $56.80 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $55.39 and a 200-day simple moving average of $57.53. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 0.76 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) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. The firm 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%. Tyson Foods’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods declared that its board has approved a stock repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Tyson Foods Dividend Announcement

The company also recently announced 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 of this dividend is Monday, December 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio is 90.91%.

Analysts Set New Price Targets

TSN has been the subject of several recent research reports. Bernstein Bank cut shares of Tyson Foods to a “market perform” rating and decreased their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein cut Tyson Foods from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. The Goldman Sachs Group assumed coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a “buy” rating and a $67.00 price target on the stock. JP Morgan Cazenove lowered their price objective on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 7th. Finally, BMO Capital Markets dropped their price objective on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tyson Foods 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.