New York State Common Retirement Fund Acquires 69,762 Shares of Tyson Foods, Inc. (NYSE:TSN)

New York State Common Retirement Fund increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 551,299 shares of the company’s stock after buying an additional 69,762 shares during the period. New York State Common Retirement Fund owned 0.16% of Tyson Foods worth $29,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TSN. Sugarloaf Wealth Management LLC boosted its holdings in Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after buying an additional 254 shares during the period. Manchester Capital Management LLC boosted its holdings in Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after buying an additional 517 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Lindbrook Capital LLC boosted its holdings in Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the period. Finally, Montag A & Associates Inc. bought a new position in Tyson Foods in the 3rd quarter valued at $39,000. 67.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price target for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. Piper Sandler raised their price target on shares of Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.80.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $60.89 on Friday. The company’s fifty day moving average is $56.82 and its 200 day moving average is $52.80. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $63.28. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities research analysts predict that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, May 31st. Tyson Foods’s payout ratio is -79.35%.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.05% of the company’s stock.

About Tyson Foods

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.