Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,900 shares of the company's stock after selling 16,285 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Tyson Foods were worth $4,832,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Sugarloaf Wealth Management LLC increased its holdings in shares of Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company's stock worth $30,000 after acquiring an additional 254 shares during the last quarter. Manchester Capital Management LLC increased its stake in shares of Tyson Foods by 501.9% in the third quarter. Manchester Capital Management LLC now owns 620 shares of the company's stock valued at $31,000 after buying an additional 517 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company's stock valued at $35,000 after buying an additional 208 shares during the period. Lindbrook Capital LLC grew its stake in Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company's stock worth $36,000 after purchasing an additional 540 shares during the period. Finally, Montag A & Associates Inc. acquired a new stake in Tyson Foods in the third quarter valued at approximately $39,000. Institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the topic of a number of recent research reports. Barclays upgraded Tyson Foods from an "underweight" rating to an "overweight" rating and raised their target price for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. Citigroup lifted their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a "neutral" rating in a report on Wednesday, April 3rd. The Goldman Sachs Group lifted their price target on Tyson Foods from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, April 17th. Piper Sandler lifted their price target on Tyson Foods from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, January 26th. Finally, Stephens reissued an "overweight" rating and issued a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.80.

Tyson Foods Price Performance

NYSE:TSN traded down $0.43 on Thursday, reaching $60.89. 1,451,633 shares of the company's stock traded hands, compared to its average volume of 2,794,518. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $56.65 and a 200-day simple moving average of $52.74. The firm has a market cap of $21.70 billion, a PE ratio of -24.83, a P/E/G ratio of 0.49 and a beta of 0.77. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $63.28.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The firm had revenue of $13.32 billion for the quarter, compared to analysts' expectations of $13.34 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business's revenue was up .4% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.22%. Tyson Foods's dividend payout ratio (DPR) is presently -79.35%.

Insider Activity at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.05% of the stock is owned by company insiders.

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.