Teachers Retirement System of The State of Kentucky Cuts Stake in Tyson Foods, Inc. (NYSE:TSN)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Tyson Foods, Inc. (NYSE:TSNGet Rating) by 4.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 20,842 shares of the company’s stock after selling 907 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Tyson Foods were worth $1,868,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Tyson Foods by 6.4% during the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after buying an additional 2,239,235 shares during the period. BlackRock Inc. increased its stake in shares of Tyson Foods by 3.3% during the first quarter. BlackRock Inc. now owns 21,532,930 shares of the company’s stock valued at $1,929,996,000 after buying an additional 690,099 shares during the period. State Street Corp grew its stake in Tyson Foods by 1.8% in the first quarter. State Street Corp now owns 14,557,461 shares of the company’s stock valued at $1,304,785,000 after purchasing an additional 264,159 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Tyson Foods by 7.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,015,192 shares of the company’s stock valued at $449,512,000 after purchasing an additional 343,410 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Tyson Foods by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,060,165 shares of the company’s stock valued at $363,883,000 after purchasing an additional 35,207 shares during the last quarter. Hedge funds and other institutional investors own 68.55% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN stock opened at $71.83 on Wednesday. Tyson Foods, Inc. has a fifty-two week low of $71.21 and a fifty-two week high of $100.72. The firm has a market capitalization of $25.83 billion, a price-to-earnings ratio of 6.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.85 and a current ratio of 1.99. The stock’s 50-day simple moving average is $80.08 and its 200-day simple moving average is $85.80.

Tyson Foods (NYSE:TSNGet Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.03). Tyson Foods had a return on equity of 18.42% and a net margin of 7.75%. The business had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the previous year, the firm posted $2.70 EPS. Tyson Foods’s revenue was up 8.2% on a year-over-year basis. As a group, equities analysts forecast that Tyson Foods, Inc. will post 8.85 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, November 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.56%. Tyson Foods’s payout ratio is 16.53%.

Analysts Set New Price Targets

TSN has been the topic of several analyst reports. Barclays cut their target price on Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 9th. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $79.00 target price on the stock in a research note on Tuesday, August 9th. They noted that the move was a valuation call. StockNews.com lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Stephens cut their target price on Tyson Foods from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 9th. Finally, Argus lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.13.

About Tyson Foods

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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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

Further Reading

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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