Strs Ohio Sells 24,083 Shares of Tyson Foods, Inc. $TSN

Strs Ohio reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 432,619 shares of the company’s stock after selling 24,083 shares during the period. Strs Ohio’s holdings in Tyson Foods were worth $27,718,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc increased its holdings in Tyson Foods by 10.3% in the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock valued at $98,000 after acquiring an additional 157 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Tyson Foods by 0.4% in the 4th quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock worth $2,376,000 after purchasing an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Tyson Foods by 4.4% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after purchasing an additional 166 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Tyson Foods by 10.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after purchasing an additional 179 shares during the last quarter. Finally, Matrix Trust Co grew its position in shares of Tyson Foods by 28.8% during the fourth quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after purchasing an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TSN. Sanford C. Bernstein reduced their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday. Piper Sandler reiterated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Mizuho assumed coverage on shares of Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 target price for the company. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Finally, Stephens upped their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $68.60.

Tyson Foods Price Performance

Shares of TSN stock opened at $58.89 on Friday. The stock has a 50 day moving average price of $61.54 and a 200 day moving average price of $61.81. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The firm has a market capitalization of $20.74 billion, a P/E ratio of 46.37, a P/E/G ratio of 1.21 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 4.09 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is currently 160.63%.

Tyson Foods Profile

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.