Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.0% during the first quarter, Holdings Channel reports. The firm owned 9,449 shares of the company’s stock after selling 713 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Tyson Foods were worth $555,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Financial Corp IN purchased a new position in Tyson Foods during the 1st quarter worth $35,000. Pittenger & Anderson Inc. acquired a new stake in shares of Tyson Foods during the first quarter worth about $42,000. Lindbrook Capital LLC grew its holdings in shares of Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after buying an additional 214 shares during the last quarter. Stone House Investment Management LLC acquired a new position in Tyson Foods in the 4th quarter valued at about $40,000. Finally, Mather Group LLC. purchased a new stake in Tyson Foods during the 1st quarter valued at approximately $49,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

TSN traded up $0.72 on Friday, hitting $61.01. 1,223,233 shares of the company were exchanged, compared to its average volume of 1,460,920. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $62.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. The firm has a market capitalization of $21.78 billion, a P/E ratio of -34.28, a price-to-earnings-growth ratio of 0.46 and a beta of 0.74. The business’s fifty day moving average is $57.50 and its 200 day moving average is $56.95.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. The business had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 2.61 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TSN. The Goldman Sachs Group boosted their target price on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. Bank of America lowered their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $53.00 to $69.00 in a report on Tuesday, April 16th. Finally, Piper Sandler lifted their price objective on Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average target price of $60.00.

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.