Teacher Retirement System of Texas decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 309,128 shares of the company’s stock after selling 50,011 shares during the period. Teacher Retirement System of Texas’ holdings in Tyson Foods were worth $21,463,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Huntington National Bank increased its position in Tyson Foods by 236.9% during the fourth quarter. Huntington National Bank now owns 539 shares of the company’s stock worth $29,000 after purchasing an additional 379 shares during the last quarter. PRW Wealth Management LLC acquired a new stake in shares of Tyson Foods in the fourth quarter worth $29,000. Legacy Financial Advisors Inc. acquired a new stake in shares of Tyson Foods in the fourth quarter worth $31,000. Moody National Bank Trust Division acquired a new stake in shares of Tyson Foods in the first quarter worth $31,000. Finally, Citizens Financial Group Inc RI acquired a new stake in shares of Tyson Foods in the fourth quarter worth $37,000. 71.36% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday. Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday. Credit Suisse Group raised shares of Tyson Foods from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $74.00 to $96.00 in a research report on Tuesday. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Wednesday, May 8th. Finally, Barclays increased their price objective on shares of Tyson Foods from $73.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $77.94.
Shares of TSN stock traded up $0.40 on Thursday, hitting $82.64. The stock had a trading volume of 38,750 shares, compared to its average volume of 2,782,674. The company has a market capitalization of $29.04 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.49 and a beta of 0.51. The company has a current ratio of 1.38, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80. Tyson Foods, Inc. has a 52-week low of $49.77 and a 52-week high of $82.61.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 6th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 earnings per share. Equities research analysts predict that Tyson Foods, Inc. will post 5.95 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.50 annualized dividend and a dividend yield of 1.82%. Tyson Foods’s dividend payout ratio (DPR) is presently 24.35%.
In other news, EVP Scott Rouse sold 2,500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $64.22, for a total value of $160,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad Roderick Martin sold 8,233 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $62.36, for a total transaction of $513,409.88. The disclosure for this sale can be found here. Insiders sold 166,656 shares of company stock valued at $12,870,465 over the last 90 days. Insiders own 1.69% of the company’s stock.
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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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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