California State Teachers Retirement System Raises Stock Holdings in Tyson Foods, Inc. $TSN

Key Points

• California State Teachers Retirement System dramatically increased its Tyson Foods stake by 5,655.3% in the second quarter, ending with 18.78 million shares worth approximately $1.08 billion, or 5.34% of the company.
• Tyson Foods reported quarterly EPS of $0.99, matching analyst estimates, while revenue of $13.87 billion fell short of expectations and declined slightly year over year. Analysts collectively rate the stock “Hold,” with an average price target of $68.11.
• The company declared a quarterly dividend of $0.51 per share, equivalent to an annualized $2.04 payout and a 3.8% yield, though its reported payout ratio was elevated at 125.93%.

California State Teachers Retirement System grew its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5,655.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,780,118 shares of the company's stock after buying an additional 18,453,808 shares during the quarter. California State Teachers Retirement System owned 5.34% of Tyson Foods worth $1,075,162,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new stake in shares of Tyson Foods in the fourth quarter valued at about $308,297,000. Life Cycle Investment Partners Ltd acquired a new position in shares of Tyson Foods during the fourth quarter valued at approximately $165,220,000. Pzena Investment Management LLC lifted its position in shares of Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company's stock valued at $1,099,167,000 after acquiring an additional 1,845,200 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Tyson Foods by 34.4% in the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company's stock valued at $363,852,000 after acquiring an additional 1,720,009 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Tyson Foods by 877.2% in the third quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company's stock worth $74,574,000 after acquiring an additional 1,232,835 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Up 1.0%

Shares of TSN opened at $52.99 on Friday. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $56.99 and a two-hundred day simple moving average of $60.36. The company has a market capitalization of $18.64 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 0.86 and a beta of 0.38.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $14.07 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Tyson Foods's quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Tyson Foods, Inc. will post 3.65 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, December 1st. Tyson Foods's dividend payout ratio is 125.93%.

Analyst Ratings Changes

TSN has been the subject of several research reports. Bank of America dropped 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, July 2nd. Barclays lowered their target price on shares of Tyson Foods from $78.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, September 4th. Sanford C. Bernstein dropped their target price on shares of Tyson Foods from $72.00 to $63.00 and set a "market perform" rating for the company in a report on Thursday, July 2nd. Weiss Ratings cut shares of Tyson Foods from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tyson Foods from $71.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Tyson Foods currently has an average rating of "Hold" and an average target price of $68.11.

Tyson Foods Company Profile

Tyson Foods, Inc is a food company that produces and markets protein-based foods for retail, foodservice and industrial customers. Its principal businesses include chicken, beef, pork and prepared foods, with products ranging from fresh and frozen meats to ready-to-eat and ready-to-prepare meals.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair, as well as private-label offerings. Tyson Foods also supplies restaurants, schools, hospitals and other institutional customers, and operates processing, distribution and related food production facilities in the United States and select international markets.

Tyson Foods traces its origins to 1935, when John W.

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