Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Increased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 10.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 298,041 shares of the company’s stock after purchasing an additional 27,449 shares during the period. New York State Teachers Retirement System owned about 0.08% of Tyson Foods worth $17,751,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new position in shares of Tyson Foods during the 1st quarter valued at $42,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Tyson Foods in the 2nd quarter worth about $54,000. Northwest Investment Counselors LLC purchased a new stake in shares of Tyson Foods during the 3rd quarter worth about $59,000. Finally, SYSTM Wealth Solutions LLC lifted its holdings in shares of Tyson Foods by 1,566.2% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock valued at $62,000 after buying an additional 1,018 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.4 %

Shares of Tyson Foods stock opened at $58.36 on Friday. The stock has a market capitalization of $20.77 billion, a P/E ratio of -972.67, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a 12-month low of $45.13 and a 12-month high of $66.88. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The company has a 50-day simple moving average of $60.85 and a 200 day simple moving average of $59.70.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate 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 business had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the previous year, the business earned $0.15 EPS. Tyson Foods’s revenue was up 1.6% compared to the same quarter last year. Research analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.36%. Tyson Foods’s dividend payout ratio is -3,266.67%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TSN shares. BMO Capital Markets raised their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and cut their target price for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Finally, Stephens started coverage on Tyson Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average target price of $59.22.

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.