New York State Teachers Retirement System Has $12.76 Million Stock Position in Tyson Foods, Inc. $TSN

New York State Teachers Retirement System lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 12.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 217,645 shares of the company’s stock after selling 30,565 shares during the period. New York State Teachers Retirement System’s holdings in Tyson Foods were worth $12,758,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in Tyson Foods in the 3rd quarter worth approximately $28,000. City Holding Co. acquired a new position in shares of Tyson Foods in the 4th quarter valued at about $29,000. Activest Wealth Management boosted its holdings in shares of Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after purchasing an additional 538 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Tyson Foods by 89.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock worth $37,000 after buying an additional 322 shares in the last quarter. Finally, Caldwell Trust Co acquired a new position in shares of Tyson Foods in the third quarter worth $38,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSN has been the subject of several research reports. Piper Sandler upgraded Tyson Foods from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $61.00 to $75.00 in a report on Monday, April 6th. Barclays increased their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Mizuho began coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective for the company. BMO Capital Markets lifted their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $66.45.

Tyson Foods Stock Up 0.1%

TSN stock opened at $63.76 on Monday. The business’s 50-day simple moving average is $63.07 and its 200 day simple moving average is $59.75. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The company has a market cap of $22.45 billion, a PE ratio of 113.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.40. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $66.41.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The firm had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.Tyson Foods’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 EPS. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is 364.29%.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.