California Public Employees Retirement System Sells 18,297 Shares of Tyson Foods, Inc. (NYSE:TSN)

California Public Employees Retirement System lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 522,888 shares of the company's stock after selling 18,297 shares during the quarter. California Public Employees Retirement System owned about 0.15% of Tyson Foods worth $28,105,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TSN. Sugarloaf Wealth Management LLC boosted its position 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 valued at $30,000 after acquiring an additional 254 shares during the last quarter. Manchester Capital Management LLC lifted its position in Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company's stock worth $31,000 after buying an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company's stock worth $35,000 after buying an additional 208 shares during the last quarter. Lindbrook Capital LLC lifted its position in Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company's stock worth $36,000 after buying an additional 540 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new stake in Tyson Foods in the 3rd quarter worth approximately $39,000. Institutional investors own 67.00% of the company's stock.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction that occurred 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 sale, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on TSN shares. The Goldman Sachs Group boosted their target price on Tyson Foods from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 17th. Barclays raised Tyson Foods from an "underweight" rating to an "overweight" rating and lifted their price target for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. Piper Sandler lifted their price target on Tyson Foods from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday, January 26th. StockNews.com raised Tyson Foods from a "sell" rating to a "hold" rating in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Tyson Foods from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $58.80.

Tyson Foods Trading Down 0.4 %

Shares of TSN traded down $0.26 during mid-day trading on Friday, hitting $60.63. 1,402,753 shares of the company's stock traded hands, compared to its average volume of 1,872,515. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $63.28. The firm has a market capitalization of $21.61 billion, a P/E ratio of -24.55, a PEG ratio of 0.48 and a beta of 0.77. The business's 50-day moving average price is $56.97 and its 200-day moving average price is $52.95.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating 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 earned $0.85 earnings per share. The business's revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors 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 3.23%. Tyson Foods's dividend payout ratio is presently -79.35%.

Tyson Foods Company Profile

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.