Teacher Retirement System of Texas Grows Holdings in Tyson Foods, Inc. $TSN

Key Points

• Teacher Retirement System of Texas boosted its stake in Tyson Foods by 524.5% in Q4 to 234,157 shares (≈$13.7M), representing about 0.07% ownership of the company.
• Analysts are mixed: Piper Sandler, Mizuho and BMO have raised ratings/targets, but the consensus remains "Hold" with an average price target of $66.45.
• Tyson's latest quarter saw revenue beat estimates ($14.31B vs. $14.11B) while EPS missed ($0.97 vs. $1.01); the stock trades near $64 with a $22.5B market cap and pays a $0.51 quarterly dividend (3.2% yield) despite a very high payout ratio (364%).

Teacher Retirement System of Texas increased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 524.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 234,157 shares of the company's stock after purchasing an additional 196,659 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Tyson Foods worth $13,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC boosted its holdings in Tyson Foods by 82.0% during the fourth quarter. Caprock Group LLC now owns 54,819 shares of the company's stock worth $3,214,000 after purchasing an additional 24,696 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Tyson Foods by 5.0% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 214,486 shares of the company's stock worth $12,596,000 after purchasing an additional 10,201 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Tyson Foods by 85.8% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,839 shares of the company's stock worth $694,000 after purchasing an additional 5,468 shares during the last quarter. Probity Advisors Inc. boosted its holdings in Tyson Foods by 4.8% during the fourth quarter. Probity Advisors Inc. now owns 8,182 shares of the company's stock worth $480,000 after purchasing an additional 375 shares during the last quarter. Finally, Optas LLC purchased a new position in Tyson Foods during the fourth quarter worth about $435,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSN. Piper Sandler upgraded shares of Tyson Foods from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $61.00 to $75.00 in a research note on Monday, April 6th. Mizuho began coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They issued an "outperform" rating and a $72.00 target price on the stock. BMO Capital Markets boosted their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $67.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 24th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Tyson Foods in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $66.45.

Tyson Foods Stock Down 1.9%

TSN opened at $64.01 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of 114.30, a PEG ratio of 1.41 and a beta of 0.44. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $66.41. The company's 50-day moving average price is $63.06 and its two-hundred day moving average price is $59.34.

Tyson Foods (NYSE:TSN - Get Free Report) last released its 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). The company had revenue of $14.31 billion during the quarter, compared to analysts' expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Dividend Announcement

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