State of Alaska Department of Revenue Has $1.87 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

State of Alaska Department of Revenue lowered its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 31.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,591 shares of the company's stock after selling 14,701 shares during the period. State of Alaska Department of Revenue's holdings in Tyson Foods were worth $1,872,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSN. State Street Corp boosted its holdings in Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after purchasing an additional 859,351 shares during the last quarter. Barclays PLC boosted its holdings in 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 last quarter. JPMorgan Chase & Co. boosted its holdings in Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Tyson Foods by 149.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 421,827 shares of the company's stock valued at $25,124,000 after purchasing an additional 252,635 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings 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 purchasing an additional 210,000 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of Tyson Foods stock traded down $0.47 on Friday, reaching $57.10. 3,151,524 shares of the company were exchanged, compared to its average volume of 2,324,631. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11. The company's 50-day moving average is $57.55 and its two-hundred day moving average is $60.15. The firm has a market cap of $20.34 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 0.72 and a beta of 0.80. Tyson Foods, Inc. has a 1-year low of $52.01 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.46 billion. During the same period last year, the firm earned $0.69 EPS. The firm's revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSN. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Barclays cut their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. UBS Group began coverage on Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $61.10.

Insider Activity at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now directly owns 36,179 shares of the company's stock, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 381,531 shares of company stock worth $24,341,833 in the last three months. 2.03% of the stock is 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.