California Public Employees Retirement System Sells 80,404 Shares of Tyson Foods, Inc. $TSN

California Public Employees Retirement System decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 651,594 shares of the company’s stock after selling 80,404 shares during the quarter. California Public Employees Retirement System’s holdings in Tyson Foods were worth $41,748,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TSN. Empowered Funds LLC raised its holdings in Tyson Foods by 15.6% in the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock worth $1,792,000 after acquiring an additional 3,788 shares during the last quarter. Woodline Partners LP boosted its stake in Tyson Foods by 40.8% during the 1st quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock valued at $1,543,000 after purchasing an additional 7,011 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Tyson Foods by 84.0% in the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after purchasing an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Tyson Foods by 100.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock worth $414,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Tyson Foods by 129.2% in the second quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock worth $4,807,000 after purchasing an additional 48,451 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN opened at $58.08 on Tuesday. The firm has a fifty day simple moving average of $59.81 and a two-hundred day simple moving average of $61.80. The firm has a market cap of $20.45 billion, a PE ratio of 45.73, a P/E/G ratio of 1.19 and a beta of 0.40. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same period last year, the business posted $0.92 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods, Inc. will post 4.12 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 160.63%.

Wall Street Analyst Weigh In

TSN has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered their price target on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday, July 2nd. Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Piper Sandler reissued an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Mizuho assumed coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price on the stock. Finally, Stephens raised their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $69.56.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.