Kentucky Retirement Systems Insurance Trust Fund Has $553,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 13.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,619 shares of the company’s stock after acquiring an additional 1,157 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Tyson Foods were worth $553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Crossmark Global Holdings Inc. raised its holdings in shares of Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after purchasing an additional 172 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after purchasing an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after purchasing an additional 184 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Tyson Foods by 0.4% in the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after buying an additional 189 shares in the last quarter. Finally, Naples Global Advisors LLC grew its stake in shares of Tyson Foods by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock valued at $1,137,000 after buying an additional 202 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Stephens raised their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, UBS Group initiated coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Trading Down 0.5 %

Shares of Tyson Foods stock opened at $57.60 on Thursday. The firm has a 50-day moving average of $57.26 and a 200-day moving average of $60.07. The stock has a market cap of $20.52 billion, a PE ratio of 19.46, a PEG ratio of 0.71 and a beta of 0.80. Tyson Foods, Inc. has a 52-week low of $52.11 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

About Tyson Foods

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.