Strs Ohio Decreases Stake in Tyson Foods, Inc. $TSN

Key Points

• STRS Ohio trimmed its Tyson Foods stake by 27.4% in Q4, selling 171,988 shares and now owning 456,702 shares worth about $26.8 million (roughly 0.13% of the company).
• Tyson's latest quarter missed EPS expectations ($0.97 vs. $1.01) but revenue rose 5.1% to $14.31 billion and beat estimates, with slim net margins (0.36%) and a 7.67% return on equity.
• The company declared a $0.51 quarterly dividend (annualized $2.04, ~3.2% yield) despite a very high payout ratio (364%), and analysts hold a consensus Hold rating with a $66.45 price target.

Strs Ohio cut its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 27.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,702 shares of the company's stock after selling 171,988 shares during the quarter. Strs Ohio owned 0.13% of Tyson Foods worth $26,772,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. CIBC Private Wealth Group LLC boosted its stake in shares of Tyson Foods by 10.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company's stock valued at $101,000 after buying an additional 179 shares in the last quarter. Matrix Trust Co raised its holdings in Tyson Foods by 28.8% during the fourth quarter. Matrix Trust Co now owns 818 shares of the company's stock worth $48,000 after purchasing an additional 183 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in Tyson Foods by 10.0% during the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company's stock worth $119,000 after purchasing an additional 200 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its position in Tyson Foods by 1.2% during the third quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company's stock worth $975,000 after purchasing an additional 210 shares in the last quarter. Finally, Camelot Portfolios LLC grew its holdings in Tyson Foods by 1.3% in the fourth quarter. Camelot Portfolios LLC now owns 17,776 shares of the company's stock valued at $1,042,000 after purchasing an additional 228 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSN has been the subject of a number of research analyst reports. Sanford C. Bernstein restated a "market perform" rating and issued a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. BMO Capital Markets lifted their price target on Tyson Foods from $67.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 3rd. Argus raised Tyson Foods to a "hold" rating in a research note on Friday, February 6th. Mizuho started coverage on Tyson Foods in a research note on Thursday, March 26th. They set an "outperform" rating and a $72.00 price target for the company. Finally, Barclays lifted their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $66.45.

Tyson Foods Stock Performance

NYSE TSN opened at $63.76 on Friday. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The stock has a market cap of $22.45 billion, a price-to-earnings ratio of 113.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.40. The business has a fifty day moving average of $63.07 and a 200-day moving average of $59.70. 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 (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The company had revenue of $14.31 billion during the quarter, compared to analyst estimates of $14.11 billion. During the same period last year, the firm earned $1.14 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that Tyson Foods, Inc. will post 3.95 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods's payout ratio is 364.29%.

About Tyson Foods

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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