Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,654 shares of the company’s stock after selling 1,158 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Tyson Foods were worth $1,325,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tyson Foods by 7.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock worth $6,293,000 after purchasing an additional 7,921 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Tyson Foods by 8.2% in the fourth quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock valued at $316,465,000 after buying an additional 446,904 shares in the last quarter. Eisler Capital UK Ltd. acquired a new stake in shares of Tyson Foods during the 4th quarter valued at $1,399,000. SG Americas Securities LLC boosted its stake in shares of Tyson Foods by 157.1% during the 4th quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock worth $2,536,000 after acquiring an additional 28,833 shares in the last quarter. Finally, Cohen & Steers Inc. acquired a new position in shares of Tyson Foods in the 4th quarter worth $4,614,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSN has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. StockNews.com downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price target for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. Citigroup boosted their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, Piper Sandler increased their target price on Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $60.22.

Tyson Foods Price Performance

TSN opened at $56.30 on Monday. The stock has a fifty day moving average price of $58.53 and a 200 day moving average price of $56.05. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $62.04. The stock has a market cap of $20.10 billion, a price-to-earnings ratio of -31.63, a PEG ratio of 0.40 and a beta of 0.75.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $13.16 billion. During the same period in the previous year, the company earned ($0.04) EPS. The firm’s revenue was down .5% on a year-over-year basis. Analysts forecast that Tyson Foods, Inc. will post 2.58 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.48%. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

Tyson Foods 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.