Teachers Retirement System of The State of Kentucky Lowers Holdings in Tyson Foods, Inc. (NYSE:TSN)

Teachers Retirement System of The State of Kentucky decreased its holdings in Tyson Foods, Inc. (NYSE:TSNGet Rating) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,842 shares of the company’s stock after selling 907 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Tyson Foods were worth $1,868,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TSN. Vanguard Group Inc. raised its position in Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after buying an additional 2,239,235 shares during the last quarter. Candlestick Capital Management LP raised its position in Tyson Foods by 2,800.0% in the 4th quarter. Candlestick Capital Management LP now owns 1,160,000 shares of the company’s stock worth $101,106,000 after buying an additional 1,120,000 shares during the last quarter. Invesco Ltd. raised its position in Tyson Foods by 33.3% in the 1st quarter. Invesco Ltd. now owns 3,653,878 shares of the company’s stock worth $327,497,000 after buying an additional 912,421 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Tyson Foods by 486.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,025,288 shares of the company’s stock worth $91,897,000 after buying an additional 850,310 shares during the last quarter. Finally, BlackRock Inc. raised its position in Tyson Foods by 3.3% in the 1st quarter. BlackRock Inc. now owns 21,532,930 shares of the company’s stock worth $1,929,996,000 after buying an additional 690,099 shares during the last quarter. Hedge funds and other institutional investors own 68.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $79.00 target price for the company in a research report on Tuesday, August 9th. They noted that the move was a valuation call. BMO Capital Markets reduced their price target on shares of Tyson Foods from $99.00 to $90.00 in a research report on Tuesday, August 9th. Sanford C. Bernstein reduced their price target on shares of Tyson Foods to $101.00 in a research report on Monday, August 15th. Barclays reduced their price target on shares of Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 9th. Finally, StockNews.com lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, September 14th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $93.13.

Tyson Foods Trading Down 0.8 %

Tyson Foods stock opened at $71.83 on Wednesday. The firm has a 50 day moving average of $80.08 and a 200 day moving average of $85.80. The firm has a market capitalization of $25.83 billion, a price-to-earnings ratio of 6.45 and a beta of 0.70. Tyson Foods, Inc. has a 12-month low of $71.21 and a 12-month high of $100.72. The company has a current ratio of 1.99, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42.

Tyson Foods (NYSE:TSNGet Rating) last released its earnings results on Monday, August 8th. The company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.03). The firm had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Tyson Foods had a return on equity of 18.42% and a net margin of 7.75%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.70 earnings per share. As a group, research analysts predict that Tyson Foods, Inc. will post 8.85 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.56%. The ex-dividend date is Wednesday, November 30th. Tyson Foods’s dividend payout ratio is 16.53%.

Tyson Foods Company Profile

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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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

Further Reading

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

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