New York State Common Retirement Fund Reduces Position in Tyson Foods, Inc. (NYSE:TSN)

New York State Common Retirement Fund lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 41.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,436 shares of the company’s stock after selling 127,470 shares during the period. New York State Common Retirement Fund’s holdings in Tyson Foods were worth $10,134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TSN. State Street Corp increased its position in shares of Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after acquiring an additional 859,351 shares during the period. Barclays PLC increased its holdings in shares of Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Tyson Foods by 149.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company’s stock worth $25,124,000 after purchasing an additional 252,635 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Tyson Foods by 3,833.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 215,478 shares of the company’s stock valued at $12,834,000 after buying an additional 210,000 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Up 0.5 %

Shares of TSN opened at $60.78 on Tuesday. The firm has a market cap of $21.65 billion, a P/E ratio of 20.53, a PEG ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a 12 month low of $52.11 and a 12 month high of $66.88. The stock’s 50 day moving average is $57.24 and its two-hundred day moving average is $60.02. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last released its quarterly 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 firm had revenue of $13.62 billion for 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%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. Analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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 3.29%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analysts Set New Price Targets

Several analysts have commented on TSN shares. Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. UBS Group assumed coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Stephens boosted their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets raised their target price on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Profile

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.