California State Teachers Retirement System Sells 20,965 Shares of Tyson Foods, Inc. (NYSE:TSN)

California State Teachers Retirement System lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 339,157 shares of the company's stock after selling 20,965 shares during the period. California State Teachers Retirement System owned approximately 0.10% of Tyson Foods worth $19,481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Tyson Foods by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after buying an additional 325,361 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Tyson Foods by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after purchasing an additional 178,785 shares during the period. Northern Trust Corp raised its holdings in Tyson Foods by 2.6% during the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after acquiring an additional 118,402 shares during the period. Bank of New York Mellon Corp raised its holdings in Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after acquiring an additional 427,582 shares during the period. Finally, Norges Bank bought a new position in shares of Tyson Foods in the fourth quarter worth $175,086,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of recent analyst reports. Stephens lowered their price objective on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. Finally, Citigroup increased their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and an average price target of $62.63.

Tyson Foods Stock Down 0.7%

Shares of TSN traded down $0.38 on Tuesday, hitting $55.78. 795,675 shares of the stock traded hands, compared to its average volume of 2,374,217. The company has a market capitalization of $19.87 billion, a PE ratio of 18.84, a P/E/G ratio of 0.74 and a beta of 0.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The business has a 50 day simple moving average of $58.77 and a 200 day simple moving average of $59.19. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. During the same quarter last year, the company posted $0.62 earnings per share. The firm's quarterly revenue was up .0% on a year-over-year basis. As a group, equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.59%. Tyson Foods's dividend payout ratio (DPR) is 77.82%.

Tyson Foods Profile

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.