Kentucky Retirement Systems Sells 271 Shares of Tyson Foods, Inc. (NYSE:TSN)

Kentucky Retirement Systems decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.4% in the fourth quarter, HoldingsChannel reports. The fund owned 19,641 shares of the company’s stock after selling 271 shares during the quarter. Kentucky Retirement Systems’ holdings in Tyson Foods were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC grew its holdings in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after purchasing an additional 210 shares during the period. Brooklyn Investment Group lifted its position in shares of Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Tyson Foods during the 3rd quarter valued at approximately $36,000. ST Germain D J Co. Inc. bought a new position in shares of Tyson Foods during the 4th quarter valued at approximately $42,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Tyson Foods in the 4th quarter worth approximately $53,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

NYSE:TSN opened at $60.43 on Monday. The business’s 50-day moving average is $57.22 and its 200 day moving average is $60.03. Tyson Foods, Inc. has a 12 month low of $52.11 and a 12 month high of $66.88. The company has a market capitalization of $21.52 billion, a P/E ratio of 20.41, a P/E/G ratio of 0.74 and a beta of 0.80. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same period in the prior year, the firm earned $0.69 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. Tyson Foods’s payout ratio is currently 67.57%.

Analyst Ratings Changes

A number of research firms have weighed in on TSN. Barclays dropped their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Stephens upped their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. Finally, BMO Capital Markets increased their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.10.

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.