Canada Pension Plan Investment Board lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 43.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 572,224 shares of the company’s stock after selling 441,200 shares during the period. Canada Pension Plan Investment Board’s holdings in Tyson Foods were worth $35,838,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TSN. Gulf International Bank UK Ltd boosted its position in shares of Tyson Foods by 25.3% in the first quarter. Gulf International Bank UK Ltd now owns 5,951 shares of the company’s stock valued at $367,000 after buying an additional 1,200 shares during the last quarter. National Pension Service boosted its position in shares of Tyson Foods by 7.1% in the first quarter. National Pension Service now owns 265,039 shares of the company’s stock valued at $16,337,000 after buying an additional 17,455 shares during the last quarter. Alpha Windward LLC boosted its position in shares of Tyson Foods by 6.3% in the first quarter. Alpha Windward LLC now owns 8,092 shares of the company’s stock valued at $499,000 after buying an additional 480 shares during the last quarter. Tompkins Financial Corp boosted its position in shares of Tyson Foods by 69.9% in the first quarter. Tompkins Financial Corp now owns 7,241 shares of the company’s stock valued at $483,000 after buying an additional 2,980 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Tyson Foods by 146.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,698 shares of the company’s stock valued at $1,965,000 after buying an additional 18,830 shares during the last quarter. Hedge funds and other institutional investors own 71.97% of the company’s stock.

Tyson Foods, Inc. (NYSE:TSN) opened at 65.55 on Friday. Tyson Foods, Inc. has a 52-week low of $55.72 and a 52-week high of $77.05. The stock has a market cap of $24.05 billion, a PE ratio of 13.82 and a beta of 0.26. The firm has a 50-day moving average price of $62.32 and a 200 day moving average price of $62.16.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. On average, analysts forecast that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.37%. Tyson Foods’s dividend payout ratio (DPR) is currently 18.95%.

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Several research analysts recently issued reports on the company. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating and set a $78.00 target price (up previously from $75.00) on shares of Tyson Foods in a research report on Thursday. Mizuho reaffirmed a “buy” rating and set a $76.00 target price (up previously from $71.00) on shares of Tyson Foods in a research report on Wednesday. Royal Bank Of Canada lifted their target price on Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Pivotal Research reaffirmed a “sell” rating and set a $40.00 target price on shares of Tyson Foods in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $69.79.

Tyson Foods Company Profile

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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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