Louisiana State Employees Retirement System Purchases New Stake in Tyson Foods, Inc. $TSN

Louisiana State Employees Retirement System purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 14,400 shares of the company’s stock, valued at approximately $923,000.

Other large investors have also added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Tyson Foods by 306.4% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock worth $2,607,000 after purchasing an additional 36,197 shares during the last quarter. AIA Group Ltd raised its stake in Tyson Foods by 78.8% during the 3rd quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock valued at $2,780,000 after buying an additional 22,571 shares during the last quarter. Vinva Investment Management Ltd raised its stake in Tyson Foods by 111.6% during the 3rd quarter. Vinva Investment Management Ltd now owns 387,714 shares of the company’s stock valued at $21,070,000 after buying an additional 204,482 shares during the last quarter. Perbak Capital Partners LLP bought a new position in shares of Tyson Foods during the 3rd quarter valued at $1,255,000. Finally, Everpar Advisors LLC boosted its stake in shares of Tyson Foods by 27.2% in the 4th quarter. Everpar Advisors LLC now owns 81,243 shares of the company’s stock worth $4,762,000 after buying an additional 17,353 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

TSN has been the subject of a number of research reports. Stephens upped their price objective on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Bank of America dropped their target price on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday. Weiss Ratings upgraded Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Piper Sandler reissued an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $68.60.

Tyson Foods Stock Performance

NYSE:TSN opened at $58.89 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The stock has a 50-day simple moving average of $61.54 and a two-hundred day simple moving average of $61.83. The firm has a market capitalization of $20.74 billion, a PE ratio of 46.37, a P/E/G ratio of 1.21 and a beta of 0.40. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. Analysts forecast that Tyson Foods, Inc. will post 4.09 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

About Tyson Foods

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.