Teacher Retirement System of Texas Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Teacher Retirement System of Texas lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 11.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 465,458 shares of the company's stock after buying an additional 49,291 shares during the quarter. Teacher Retirement System of Texas owned about 0.13% of Tyson Foods worth $26,736,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp grew its position in shares of Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company's stock worth $792,438,000 after purchasing an additional 859,351 shares in the last quarter. Barclays PLC increased its stake in Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after acquiring an additional 446,648 shares during the period. Bank of New York Mellon Corp raised its holdings in Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after acquiring an additional 427,582 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Tyson Foods during the 4th quarter valued at $22,059,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Tyson Foods by 44.8% during the 3rd 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 in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Up 2.7 %

Shares of NYSE TSN traded up $1.63 during midday trading on Wednesday, hitting $61.58. 1,790,804 shares of the stock traded hands, compared to its average volume of 2,526,922. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The business has a 50 day moving average price of $58.74 and a two-hundred day moving average price of $59.62. The company has a market cap of $21.94 billion, a PE ratio of 20.81, a P/E/G ratio of 0.74 and a beta of 0.72.

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Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. On average, equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

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 issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.25%. Tyson Foods's dividend payout ratio (DPR) is currently 67.57%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSN. Citigroup cut their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Barclays decreased their price target 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. Stephens upped their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.10.

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.