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

New York State Teachers Retirement System lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 260,201 shares of the company's stock after selling 37,840 shares during the period. New York State Teachers Retirement System owned 0.07% of Tyson Foods worth $14,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after buying an additional 859,351 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock valued at $747,108,000 after acquiring an additional 54,217 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Tyson Foods by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock valued at $404,559,000 after purchasing an additional 87,054 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Tyson Foods by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company's stock worth $140,439,000 after purchasing an additional 39,252 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in Tyson Foods by 6.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company's stock valued at $69,442,000 after purchasing an additional 73,764 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSN. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. BMO Capital Markets boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 13th. Citigroup lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. Finally, HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Trading Down 0.5 %

Shares of NYSE:TSN traded down $0.29 on Wednesday, hitting $57.60. 2,370,673 shares of the company's stock were exchanged, compared to its average volume of 2,449,672. The stock has a market capitalization of $20.52 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 0.71 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 company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The business's 50 day simple moving average is $57.26 and its two-hundred day simple moving average is $60.07.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.47%. Tyson Foods's dividend payout ratio (DPR) is currently 67.57%.

Insiders Place Their Bets

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now directly owns 3,003,374 shares of the company's stock, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Noel W. White sold 171,057 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the transaction, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.03% of the stock is currently owned by company insiders.

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.