New Mexico Educational Retirement Board cut its stake in Tyson Foods, Inc. (NYSE:TSN) by 7.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,815 shares of the company’s stock after selling 2,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Tyson Foods were worth $1,699,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TSN. BlackRock Inc. boosted its stake in shares of Tyson Foods by 2,404.6% in the first quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock valued at $1,175,919,000 after buying an additional 18,294,771 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Tyson Foods during the first quarter valued at approximately $73,273,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Tyson Foods by 2,655.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,216,095 shares of the company’s stock valued at $75,045,000 after buying an additional 1,171,956 shares during the last quarter. Hexavest Inc. bought a new stake in shares of Tyson Foods during the first quarter valued at approximately $62,890,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Tyson Foods by 70.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,298,455 shares of the company’s stock valued at $141,838,000 after buying an additional 947,215 shares during the last quarter. Institutional investors and hedge funds own 71.97% of the company’s stock.

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

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The company had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. Tyson Foods’s quarterly revenue was up 4.8% compared to the same quarter last year. Analysts anticipate 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. Stockholders of record on Friday, December 1st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is 18.95%.

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Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Thursday, April 27th. J P Morgan Chase & Co upped their target price on shares of Tyson Foods from $62.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, June 26th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $76.00 target price on shares of Tyson Foods in a research report on Tuesday, May 9th. Jefferies Group LLC restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Monday, May 8th. Finally, BMO Capital Markets restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Tyson Foods presently has an average 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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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