Teacher Retirement System of Texas Increases Stake in Tyson Foods, Inc. (TSN)
Teacher Retirement System of Texas raised its position in Tyson Foods, Inc. (NYSE:TSN) by 31.9% during the second quarter, Holdings Channel reports. The firm owned 933,946 shares of the company’s stock after buying an additional 225,712 shares during the period. Teacher Retirement System of Texas’ holdings in Tyson Foods were worth $58,493,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC raised its position in Tyson Foods by 11.7% in the first quarter. ProShare Advisors LLC now owns 58,431 shares of the company’s stock worth $3,606,000 after buying an additional 6,143 shares during the period. IFC Holdings Incorporated FL raised its position in Tyson Foods by 6.8% in the first quarter. IFC Holdings Incorporated FL now owns 4,757 shares of the company’s stock worth $295,000 after buying an additional 303 shares during the period. Nationwide Fund Advisors raised its position in Tyson Foods by 170.5% in the first quarter. Nationwide Fund Advisors now owns 222,306 shares of the company’s stock worth $13,719,000 after buying an additional 140,123 shares during the period. Retirement Systems of Alabama raised its position in Tyson Foods by 0.7% in the first quarter. Retirement Systems of Alabama now owns 138,705 shares of the company’s stock worth $8,559,000 after buying an additional 988 shares during the period. Finally, Hexavest Inc. acquired a new position in Tyson Foods during the first quarter worth $62,890,000. 71.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at 64.87 on Friday. Tyson Foods, Inc. has a 12 month low of $55.72 and a 12 month high of $77.05. The firm has a 50-day moving average price of $62.21 and a 200-day moving average price of $62.14. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 13.68 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.10. The company had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. Tyson Foods’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. Equities analysts expect that Tyson Foods, Inc. will post $5.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.39%. Tyson Foods’s dividend payout ratio is currently 18.95%.
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Several analysts have recently commented on the stock. Credit Suisse Group set a $70.00 price target on shares of Tyson Foods and gave the company a “neutral” rating in a research report on Tuesday. Pivotal Research reaffirmed a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research report on Tuesday. Royal Bank Of Canada lifted their price target on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research report on Tuesday. Mizuho reaffirmed a “buy” rating and set a $76.00 price target (up previously from $71.00) on shares of Tyson Foods in a research report on Wednesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $78.00 price target (up previously from $75.00) on shares of Tyson Foods in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $69.79.
About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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