Teacher Retirement System of Texas Buys 49,291 Shares of Tyson Foods, Inc. (NYSE:TSN)

Teacher Retirement System of Texas grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 465,458 shares of the company’s stock after purchasing an additional 49,291 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.13% of Tyson Foods worth $26,736,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Tyson Foods by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock valued at $109,000 after purchasing an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after purchasing an additional 184 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Tyson Foods by 0.4% in the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after purchasing an additional 189 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in Tyson Foods by 1.0% during the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock worth $1,137,000 after acquiring an additional 202 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in Tyson Foods by 1.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company’s stock worth $1,131,000 after acquiring an additional 210 shares during the period. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup dropped their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a report on Tuesday, February 4th. Stephens lifted their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Barclays dropped their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Performance

Shares of TSN opened at $60.46 on Friday. The firm has a market cap of $21.53 billion, a PE ratio of 20.42, a PEG ratio of 0.74 and a beta of 0.72. The stock’s fifty day moving average price is $58.55 and its two-hundred day moving average price is $59.77. 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 1 year low of $53.61 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

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.