New York State Common Retirement Fund Sells 202,127 Shares of Tyson Foods, Inc. (NYSE:TSN)

New York State Common Retirement Fund lowered its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 39.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 303,906 shares of the company's stock after selling 202,127 shares during the quarter. New York State Common Retirement Fund owned approximately 0.09% of Tyson Foods worth $18,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Associates Ltd. boosted its position in shares of Tyson Foods by 12.6% in the third quarter. Pinnacle Associates Ltd. now owns 10,697 shares of the company's stock valued at $637,000 after acquiring an additional 1,201 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in Tyson Foods by 29.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,829 shares of the company's stock valued at $585,000 after purchasing an additional 2,252 shares during the period. New York State Teachers Retirement System grew its position in shares of Tyson Foods by 10.1% during the 3rd quarter. New York State Teachers Retirement System now owns 298,041 shares of the company's stock valued at $17,751,000 after purchasing an additional 27,449 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in shares of Tyson Foods by 17.8% in the third quarter. Nicholas Hoffman & Company LLC. now owns 6,610 shares of the company's stock worth $394,000 after purchasing an additional 1,000 shares during the period. Finally, abrdn plc raised its position in shares of Tyson Foods by 0.5% in the third quarter. abrdn plc now owns 94,963 shares of the company's stock worth $5,642,000 after buying an additional 518 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays upped their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, September 9th. Citigroup decreased their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Bank of America cut their price target on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $59.22.

Tyson Foods Trading Down 0.2 %

Shares of NYSE TSN traded down $0.10 during midday trading on Wednesday, reaching $59.16. The company had a trading volume of 1,825,619 shares, compared to its average volume of 2,434,743. The firm's fifty day moving average price is $60.64 and its 200-day moving average price is $59.71. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a one year low of $45.13 and a one year high of $66.88. The stock has a market cap of $21.05 billion, a PE ratio of -986.50, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business's quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, November 29th. Tyson Foods's dividend payout ratio (DPR) is presently -3,266.67%.

Tyson Foods Company 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.