Tyson Foods, Inc. $TSN Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 29.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,080 shares of the company’s stock after acquiring an additional 8,496 shares during the period. Machina Capital S.A.S.’s holdings in Tyson Foods were worth $2,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Tyson Foods by 0.7% in the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock valued at $2,294,697,000 after acquiring an additional 247,051 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Tyson Foods by 3.4% during the second quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock worth $766,865,000 after buying an additional 444,648 shares during the period. Northern Trust Corp boosted its stake in shares of 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 buying an additional 36,941 shares during the period. Davis Selected Advisers boosted its stake in shares of 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 buying an additional 1,598,896 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Tyson Foods by 776.8% during the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock worth $180,933,000 after buying an additional 2,518,416 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.0%

Shares of Tyson Foods stock opened at $51.44 on Monday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $65.95. 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 stock has a market cap of $18.30 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 0.85 and a beta of 0.57. The company has a 50-day moving average of $54.05 and a two-hundred day moving average of $55.37.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.88 billion during the quarter, compared to analysts’ expectations of $13.54 billion. During the same period last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods declared that its Board of Directors has initiated a share buyback plan on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued 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 yield of 3.9%. Tyson Foods’s dividend payout ratio (DPR) is 90.91%.

Analyst Ratings Changes

TSN has been the subject of several recent research reports. BMO Capital Markets decreased their target price on shares of Tyson Foods from $62.00 to $58.00 and set a “market perform” rating for the company in a research note on Monday, July 28th. Santander assumed coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They set a “neutral” rating for the company. Sanford C. Bernstein downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. assumed coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective for the company. Finally, 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 research report on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $60.92.

Tyson Foods 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.