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

New York State Teachers Retirement System increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,041 shares of the company's stock after acquiring an additional 27,449 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Tyson Foods worth $17,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSN. Retirement Systems of Alabama boosted its holdings in shares of Tyson Foods by 0.5% during the first quarter. Retirement Systems of Alabama now owns 63,199 shares of the company's stock worth $3,712,000 after purchasing an additional 337 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Tyson Foods by 100.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company's stock worth $606,000 after buying an additional 5,175 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company's stock valued at $1,121,000 after buying an additional 11,425 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Tyson Foods by 21.3% during the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company's stock valued at $14,388,000 after acquiring an additional 44,167 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in Tyson Foods by 26.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company's stock valued at $519,000 after acquiring an additional 1,841 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 0.4 %

Shares of TSN traded down $0.23 during trading hours on Friday, hitting $58.36. The company had a trading volume of 1,890,039 shares, compared to its average volume of 1,715,426. Tyson Foods, Inc. has a 52-week low of $45.13 and a 52-week high of $66.88. The firm has a fifty day moving average price of $60.85 and a 200-day moving average price of $59.71. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of -972.67, a P/E/G ratio of 0.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

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

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.36%. Tyson Foods's dividend payout ratio (DPR) is presently -3,266.67%.

Analyst Upgrades and Downgrades

TSN has been the subject of several research reports. Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. Piper Sandler cut Tyson Foods from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. StockNews.com upgraded Tyson Foods from a "hold" rating to a "buy" rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. Finally, Barclays increased their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.22.

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.