Strs Ohio Sells 24,083 Shares of Tyson Foods, Inc. $TSN

Strs Ohio lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 5.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 432,619 shares of the company’s stock after selling 24,083 shares during the period. Strs Ohio owned 0.12% of Tyson Foods worth $27,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Tyson Foods during the fourth quarter valued at approximately $308,297,000. Davis Selected Advisers grew its stake in shares of Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new position in Tyson Foods during the 4th quarter valued at approximately $165,220,000. Pzena Investment Management LLC increased its position in Tyson Foods by 12.1% during the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after buying an additional 1,845,200 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Tyson Foods by 34.4% during the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock valued at $363,852,000 after buying an additional 1,720,009 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.0%

TSN stock opened at $58.89 on Friday. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The business’s 50-day moving average is $61.54 and its two-hundred day moving average is $61.81. 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 company has a market cap of $20.74 billion, a price-to-earnings ratio of 46.37, a P/E/G ratio of 1.21 and a beta of 0.40.

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

Tyson Foods Dividend Announcement

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 issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.5%. Tyson Foods’s payout ratio is currently 160.63%.

Analysts Set New Price Targets

TSN has been the subject of several recent analyst reports. Bank of America lowered their price target on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold 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 $68.60.

Tyson Foods 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.