Illinois Municipal Retirement Fund Raises Stock Holdings in Tyson Foods, Inc. $TSN

Illinois Municipal Retirement Fund raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 9.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,157 shares of the company’s stock after buying an additional 18,808 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Tyson Foods worth $11,900,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TSN. Norges Bank bought a new position in shares of Tyson Foods during the 2nd quarter valued at $246,055,000. Davis Selected Advisers lifted its stake in shares of Tyson Foods by 91.4% in the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after purchasing an additional 4,276,884 shares during the period. AQR Capital Management LLC lifted its position in Tyson Foods by 76.1% during the second quarter. AQR Capital Management LLC now owns 5,006,787 shares of the company’s stock valued at $277,326,000 after buying an additional 2,164,160 shares during the period. Invesco Ltd. boosted its stake in Tyson Foods by 36.0% during the second quarter. Invesco Ltd. now owns 5,864,131 shares of the company’s stock worth $328,039,000 after acquiring an additional 1,550,812 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Tyson Foods by 82.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,557,925 shares of the company’s stock worth $87,150,000 after purchasing an additional 704,361 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tyson Foods

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

Tyson Foods Price Performance

NYSE TSN opened at $63.28 on Friday. The stock has a market capitalization of $22.28 billion, a price-to-earnings ratio of 113.00, a PEG ratio of 1.42 and a beta of 0.48. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $66.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The business’s fifty day moving average price is $60.41 and its 200-day moving average price is $56.59.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. During the same quarter last year, the company posted $1.14 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is currently 364.29%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSN. Argus raised shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. Piper Sandler boosted their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a report on Tuesday, February 3rd. Finally, Barclays boosted their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $64.27.

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.