85,391 Shares in Tyson Foods, Inc. $TSN Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 85,391 Tyson Foods shares worth approximately $4.9 million, while institutional investors collectively own 67% of the company.
• Analyst sentiment remains cautious: Tyson has an average “Hold” rating and a consensus price target of $70.67, with several firms recently lowering their targets or downgrading the stock.
• Tyson reported quarterly EPS of $0.99, matching estimates, while revenue fell slightly year over year to $13.87 billion. The company also declared a quarterly dividend of $0.51 per share, representing a 3.7% annualized yield.

Public Employees Retirement System of Ohio acquired a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 85,391 shares of the company's stock, valued at approximately $4,889,000.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in Tyson Foods during the 4th quarter valued at $308,297,000. Life Cycle Investment Partners Ltd purchased a new stake in Tyson Foods in the fourth quarter worth $165,220,000. Pzena Investment Management LLC increased its stake in Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company's stock worth $1,099,167,000 after purchasing an additional 1,845,200 shares during the period. AQR Capital Management LLC lifted its position in shares of Tyson Foods by 34.4% during the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company's stock worth $363,852,000 after purchasing an additional 1,720,009 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Tyson Foods by 877.2% during the third quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company's stock valued at $74,574,000 after purchasing an additional 1,232,835 shares during the period. Institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Zacks Research cut shares of Tyson Foods from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th. Sanford C. Bernstein lowered their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a "market perform" rating for the company in a research report on Thursday, July 2nd. Bank of America dropped their target price on shares of Tyson Foods from $70.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, July 2nd. JPMorgan Chase & Co. reduced their target price on shares of Tyson Foods from $71.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Finally, Weiss Ratings downgraded shares of Tyson Foods from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $70.67.

Tyson Foods Trading Up 1.4%

NYSE TSN opened at $55.81 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 1.84 and a beta of 0.38. The company's 50-day simple moving average is $57.87 and its two-hundred day simple moving average is $60.92. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The firm had revenue of $13.87 billion during the quarter, compared to analysts' expectations of $14.07 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The company's revenue was down .1% compared to the same quarter last year. Equities analysts forecast that Tyson Foods, Inc. will post 3.95 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.7%. Tyson Foods's dividend payout ratio is currently 125.93%.

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.

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