Retirement Systems of Alabama Increases Position in Tyson Foods, Inc. (NYSE:TSN)

Retirement Systems of Alabama grew its holdings in Tyson Foods, Inc. (NYSE:TSNFree Report) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,199 shares of the company’s stock after purchasing an additional 337 shares during the quarter. Retirement Systems of Alabama’s holdings in Tyson Foods were worth $3,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. First Financial Corp IN acquired a new position in Tyson Foods during the first quarter worth $35,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after purchasing an additional 214 shares during the period. Stone House Investment Management LLC acquired a new stake in Tyson Foods during the fourth quarter worth about $40,000. Finally, Headinvest LLC purchased a new position in Tyson Foods during the third quarter worth about $43,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Tyson Foods stock opened at $56.02 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04. The firm has a market cap of $20.00 billion, a PE ratio of -31.47, a price-to-earnings-growth ratio of 0.40 and a beta of 0.74. The company’s 50 day moving average is $57.95 and its two-hundred day moving average is $56.39.

Tyson Foods (NYSE:TSNGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $13.16 billion. During the same period last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts expect that Tyson Foods, Inc. will post 2.6 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.49 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.96 dividend on an annualized basis and a yield of 3.50%. Tyson Foods’s dividend payout ratio is currently -110.11%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TSN shares. The Goldman Sachs Group raised their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Piper Sandler lifted 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. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $53.00 to $69.00 in a report on Tuesday, April 16th. Citigroup upped their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $60.22.

View Our Latest Stock Analysis 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.

See Also

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

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