California State Teachers Retirement System Sells 12,399 Shares of Tyson Foods, Inc. (NYSE:TSN)

California State Teachers Retirement System trimmed its holdings in Tyson Foods, Inc. (NYSE:TSNFree Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 402,112 shares of the company’s stock after selling 12,399 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Tyson Foods worth $21,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSN. Keybank National Association OH bought a new position in Tyson Foods in the 3rd quarter worth approximately $254,000. Vanguard Personalized Indexing Management LLC boosted its stake in Tyson Foods by 6.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,194 shares of the company’s stock worth $919,000 after purchasing an additional 1,025 shares during the period. Pathstone Family Office LLC bought a new position in Tyson Foods in the 3rd quarter worth approximately $774,000. State Board of Administration of Florida Retirement System boosted its stake in Tyson Foods by 13.1% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 404,444 shares of the company’s stock worth $20,420,000 after purchasing an additional 46,928 shares during the period. Finally, Aptus Capital Advisors LLC boosted its stake in Tyson Foods by 7.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 20,056 shares of the company’s stock worth $1,013,000 after purchasing an additional 1,346 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

NYSE:TSN opened at $56.38 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. The stock’s fifty day moving average is $59.25 and its 200 day moving average is $55.41. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $62.04.

Tyson Foods (NYSE:TSNGet Free Report) last released its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. During the same quarter last year, the firm posted ($0.04) earnings per share. The business’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts forecast that Tyson Foods, Inc. will post 2.58 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 dividend on an annualized basis and a yield of 3.48%. Tyson Foods’s payout ratio is -110.11%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSN. Piper Sandler increased their target price on Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. The Goldman Sachs Group increased their target price on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. HSBC increased their target price on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. increased their target price on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. Finally, StockNews.com downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $60.22.

Read Our Latest Research Report on Tyson Foods

Tyson Foods Profile

(Free Report)

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.

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

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