New York State Teachers Retirement System Reduces Stock Holdings in Tyson Foods, Inc. $TSN

Key Points

• New York State Teachers Retirement System reduced its stake in Tyson Foods by 12.3% in Q4 to 217,645 shares (~$12.76M), even as several large institutions (AQR, Two Sigma, Davis, JPMorgan, Caisse) materially increased positions and institutional investors now own about 67% of TSN.
• Tyson missed quarterly EPS ($0.97 vs. $1.01) while revenue rose 5.1% to $14.31B, and announced a quarterly dividend of $0.51 (annualized $2.04, ~3.2% yield), though the dividend payout ratio is unusually high at about 364%, signaling potential sustainability concerns.
• Analysts have a consensus rating of "Hold" with an average price target of $66.45, but several firms (Piper Sandler, BMO, Barclays) have recently upgraded or raised targets while JPMorgan lowered its target to $65.

New York State Teachers Retirement System reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 217,645 shares of the company's stock after selling 30,565 shares during the quarter. New York State Teachers Retirement System owned 0.06% of Tyson Foods worth $12,758,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSN. AQR Capital Management LLC increased its stake in Tyson Foods by 34.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company's stock worth $363,852,000 after buying an additional 1,720,009 shares during the period. Two Sigma Investments LP increased its stake in Tyson Foods by 877.2% during the 3rd quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company's stock worth $74,574,000 after buying an additional 1,232,835 shares during the period. Davis Selected Advisers increased its stake in Tyson Foods by 11.2% during the 3rd quarter. Davis Selected Advisers now owns 9,962,127 shares of the company's stock worth $540,943,000 after buying an additional 1,005,661 shares during the period. JPMorgan Chase & Co. increased its stake in Tyson Foods by 73.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company's stock worth $102,042,000 after buying an additional 795,710 shares during the period. Finally, Caisse de depot et placement du Quebec increased its stake in Tyson Foods by 34.2% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,746,120 shares of the company's stock worth $94,814,000 after buying an additional 445,018 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Argus raised shares of Tyson Foods to a "hold" rating in a research note on Friday, February 6th. BMO Capital Markets lifted their price objective on Tyson Foods from $67.00 to $73.00 and gave the stock an "outperform" rating in a report on Tuesday, February 3rd. Piper Sandler upgraded Tyson Foods from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $61.00 to $75.00 in a report on Monday, April 6th. JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $67.00 to $65.00 and set a "neutral" rating on the stock in a report on Tuesday, March 24th. Finally, Barclays lifted their price objective on Tyson Foods from $75.00 to $78.00 and gave the stock an "overweight" rating in a report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $66.45.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $63.76 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The firm has a 50-day simple moving average of $63.07 and a 200 day simple moving average of $59.75. The company has a market cap of $22.45 billion, a PE ratio of 113.85, a P/E/G ratio of 1.38 and a beta of 0.40.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter last year, the company posted $1.14 EPS. Tyson Foods's revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods's dividend payout ratio (DPR) is presently 364.29%.

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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