Louisiana State Employees Retirement System Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Louisiana State Employees Retirement System bought a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,200 shares of the company’s stock, valued at approximately $924,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of Tyson Foods by 2.1% during the third quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock worth $491,224,000 after purchasing an additional 200,586 shares during the period. FMR LLC grew its stake in shares of Tyson Foods by 16.1% during the third quarter. FMR LLC now owns 7,448,930 shares of the company’s stock worth $376,096,000 after purchasing an additional 1,034,915 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Tyson Foods by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,598,373 shares of the company’s stock worth $333,152,000 after purchasing an additional 223,447 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of Tyson Foods during the third quarter worth $274,707,000. Finally, Northern Trust Corp grew its stake in shares of Tyson Foods by 2.6% during the third quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock worth $263,976,000 after purchasing an additional 134,778 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.7 %

TSN stock opened at $60.89 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The stock has a market capitalization of $21.70 billion, a P/E ratio of -24.65, a P/E/G ratio of 0.49 and a beta of 0.77. The business has a 50-day moving average of $56.82 and a 200-day moving average of $52.80. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.28.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. Tyson Foods’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.22%. Tyson Foods’s payout ratio is presently -79.35%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSN shares. Citigroup lifted their price objective on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. BMO Capital Markets lifted their price objective on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. Piper Sandler boosted their target price on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. boosted their target price on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, The Goldman Sachs Group boosted their target price on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $58.80.

Insider Buying and Selling

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the sale, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.05% of the stock is currently owned by corporate insiders.

Tyson Foods Company 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.