New York State Common Retirement Fund Decreases Position in Tyson Foods, Inc. (NYSE:TSN)

New York State Common Retirement Fund lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 168,197 shares of the company's stock after selling 8,239 shares during the quarter. New York State Common Retirement Fund's holdings in Tyson Foods were worth $10,733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new position in Tyson Foods in the 4th quarter worth $25,000. Curat Global LLC purchased a new position in shares of Tyson Foods in the first quarter valued at about $28,000. Ossiam increased its position in shares of Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after acquiring an additional 184 shares during the period. Rossby Financial LCC purchased a new position in shares of Tyson Foods in the first quarter valued at about $53,000. Finally, Transce3nd LLC purchased a new position in shares of Tyson Foods in the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Ratings Changes

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

Tyson Foods Stock Performance

TSN stock traded down $0.61 during midday trading on Friday, hitting $53.37. 1,817,962 shares of the stock traded hands, compared to its average volume of 2,486,477. The firm has a market cap of $19.01 billion, a P/E ratio of 20.77, a PEG ratio of 0.72 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 fifty day simple moving average is $55.36 and its 200-day simple moving average is $57.76. Tyson Foods, Inc. has a 1-year low of $52.71 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 earnings per share. On average, analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

About Tyson Foods

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.