Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,439 Shares of Tyson Foods, Inc. (NYSE:TSN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 60,781 shares of the company’s stock after selling 1,439 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Tyson Foods were worth $3,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in Tyson Foods by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after buying an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Tyson Foods by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after buying an additional 184 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after buying an additional 189 shares in the last quarter. Naples Global Advisors LLC lifted its position in Tyson Foods by 1.0% during the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock worth $1,137,000 after buying an additional 202 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in Tyson Foods by 1.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company’s stock worth $1,131,000 after buying an additional 210 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

TSN stock opened at $60.46 on Monday. The company has a fifty day moving average price of $58.55 and a 200-day moving average price of $59.69. The company has a market capitalization of $21.53 billion, a P/E ratio of 20.42, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. 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 (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSN. Stephens upped their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Barclays dropped their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Tyson Foods 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.