Teacher Retirement System of Texas Sells 307,836 Shares of Tyson Foods, Inc. $TSN

Teacher Retirement System of Texas lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 89.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,498 shares of the company’s stock after selling 307,836 shares during the quarter. Teacher Retirement System of Texas’ holdings in Tyson Foods were worth $2,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its stake in Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after acquiring an additional 228 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Tyson Foods during the 3rd quarter valued at about $28,000. NewSquare Capital LLC grew its holdings in shares of Tyson Foods by 175.3% during the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after purchasing an additional 326 shares in the last quarter. First Command Advisory Services Inc. increased its position in shares of Tyson Foods by 389.8% in the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after purchasing an additional 460 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new stake in Tyson Foods in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TSN shares. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Bank of America dropped their price target on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. BMO Capital Markets set a $67.00 price objective on Tyson Foods and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, Piper Sandler boosted their target price on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.60.

Tyson Foods Stock Up 0.2%

Shares of Tyson Foods stock opened at $65.32 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.55. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $65.96. The company’s 50 day moving average price is $59.08 and its 200-day moving average price is $55.90. The stock has a market capitalization of $23.06 billion, a price-to-earnings ratio of 49.11, a P/E/G ratio of 1.46 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.30. The business had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.08 billion. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. Equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. Tyson Foods’s payout ratio is 153.38%.

Insider Transactions at Tyson Foods

In related news, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the transaction, the chief financial officer owned 31,833 shares in the company, valued at $1,820,529.27. This represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the completion of the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.11% of the stock is owned by insiders.

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.