New York State Teachers Retirement System Has $15.89 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

New York State Teachers Retirement System decreased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 249,076 shares of the company's stock after selling 11,125 shares during the period. New York State Teachers Retirement System owned about 0.07% of Tyson Foods worth $15,894,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TSN. Amalgamated Bank raised its stake in shares of Tyson Foods by 1.6% in the first quarter. Amalgamated Bank now owns 55,731 shares of the company's stock valued at $3,556,000 after purchasing an additional 873 shares in the last quarter. Uniting Wealth Partners LLC increased its holdings in Tyson Foods by 7.8% in the 1st quarter. Uniting Wealth Partners LLC now owns 4,164 shares of the company's stock valued at $266,000 after buying an additional 300 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Tyson Foods by 3.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 746,918 shares of the company's stock valued at $47,661,000 after buying an additional 27,080 shares in the last quarter. Mendel Capital Management LLC lifted its holdings in shares of Tyson Foods by 13.9% during the 1st quarter. Mendel Capital Management LLC now owns 15,595 shares of the company's stock worth $995,000 after acquiring an additional 1,906 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Tyson Foods by 16.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,780 shares of the company's stock valued at $1,982,000 after acquiring an additional 4,510 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target for the company. Stephens dropped their target price on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Citigroup raised their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $63.11.

Tyson Foods Price Performance

Shares of TSN stock traded down $0.52 during trading hours on Friday, hitting $56.93. 1,483,645 shares of the company's stock were exchanged, compared to its average volume of 2,435,509. Tyson Foods, Inc. has a 52 week low of $54.01 and a 52 week high of $66.88. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. The stock's 50-day moving average is $56.14 and its 200-day moving average is $58.00.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The company's revenue was up .0% on a year-over-year basis. As a group, research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company 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 dividend on an annualized basis and a yield of 3.51%. Tyson Foods's payout ratio is 77.82%.

Tyson Foods Company 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.