Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury grew its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 35.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,960 shares of the company's stock after purchasing an additional 21,811 shares during the period. State of Tennessee Department of Treasury's holdings in Tyson Foods were worth $4,823,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank acquired a new position in Tyson Foods during the 4th quarter worth $175,086,000. Arrowstreet Capital Limited Partnership boosted its holdings in Tyson Foods by 83.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock worth $69,601,000 after purchasing an additional 551,530 shares during the last quarter. Barclays PLC boosted its position in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after purchasing an additional 446,648 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after acquiring an additional 427,582 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Tyson Foods in the 4th quarter valued at about $22,059,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on TSN shares. Citigroup increased their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target on the stock. Stephens lifted their target price on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Barclays dropped their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Finally, HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $61.78.

Tyson Foods Stock Down 1.1 %

Tyson Foods stock traded down $0.69 during midday trading on Thursday, reaching $60.55. The company's stock had a trading volume of 442,445 shares, compared to its average volume of 2,334,690. The stock's 50-day simple moving average is $60.86 and its 200-day simple moving average is $59.77. The stock has a market capitalization of $21.57 billion, a P/E ratio of 20.47, a PEG ratio of 0.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same period in the prior year, the company posted $0.69 EPS. The company's revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.30%. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

Tyson Foods 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.