Teacher Retirement System of Texas Has $2.04 Million Stock Position in Tyson Foods, Inc. $TSN

Teacher Retirement System of Texas cut its position in Tyson Foods, Inc. (NYSE:TSN) by 89.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,498 shares of the company’s stock after selling 307,836 shares during the period. Teacher Retirement System of Texas’ holdings in Tyson Foods were worth $2,036,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Tyson Foods by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock worth $2,042,085,000 after purchasing an additional 543,513 shares in the last quarter. State Street Corp lifted its stake in shares of Tyson Foods by 3.2% in the second quarter. State Street Corp now owns 13,990,394 shares of the company’s stock valued at $782,623,000 after buying an additional 439,623 shares in the last quarter. Pzena Investment Management LLC grew its holdings 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 valued at $766,865,000 after buying an additional 444,648 shares during the last quarter. Davis Selected Advisers increased its position in shares of Tyson Foods by 91.4% during the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock worth $501,025,000 after acquiring an additional 4,276,884 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Tyson Foods by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock worth $411,571,000 after acquiring an additional 122,055 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE:TSN opened at $65.32 on Friday. The company has a market capitalization of $23.06 billion, a P/E ratio of 49.11, a P/E/G ratio of 1.46 and a beta of 0.48. The business has a fifty day simple moving average of $59.08 and a two-hundred day simple moving average of $55.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.55 and a quick ratio of 0.66. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $65.96.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The company had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.08 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.51 dividend. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.04 annualized dividend and a yield of 3.1%. Tyson Foods’s payout ratio is 153.38%.

Analyst Ratings Changes

TSN has been the subject of a number of analyst reports. BMO Capital Markets set a $67.00 price target on Tyson Foods and gave the company an “outperform” rating in a research note on Thursday, January 8th. Bank of America lowered their price target on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Piper Sandler upped their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $60.60.

Insider Buying and Selling

In related news, CFO Curt Calaway sold 6,539 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the sale, the chief financial officer owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This represents a 17.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $58.05, for a total value of $5,822,473.05. Following the transaction, the chairman directly owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.11% of the stock is currently owned by insiders.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.