Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 81.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,862 shares of the company’s stock after selling 277,104 shares during the quarter. Retirement Systems of Alabama’s holdings in Tyson Foods were worth $3,379,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Tyson Foods by 7.3% during 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 period. Check Capital Management Inc. CA purchased a new stake in shares of Tyson Foods during the 3rd quarter worth about $204,000. SG Americas Securities LLC lifted its holdings 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 valued at $2,536,000 after acquiring an additional 28,833 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of Tyson Foods by 11.1% in the third quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock worth $1,074,000 after buying an additional 2,129 shares during the period. Finally, Markel Group Inc. grew its position in Tyson Foods by 28.3% in the third quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock valued at $29,158,000 after acquiring an additional 127,500 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Activity at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.05% of the company’s stock.

Tyson Foods Stock Performance

TSN stock opened at $58.89 on Wednesday. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $62.04. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of -23.84, a PEG ratio of 0.49 and a beta of 0.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. The stock’s fifty day moving average is $57.89 and its two-hundred day moving average is $53.62.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.39 by $0.23. The firm had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. Tyson Foods’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. On average, research analysts predict that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.33%. Tyson Foods’s dividend payout ratio (DPR) is -79.35%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. StockNews.com upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Piper Sandler boosted their target price on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Citigroup increased their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.60.

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.