Retirement Systems of Alabama increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 139,730 shares of the company’s stock after buying an additional 1,025 shares during the period. Retirement Systems of Alabama’s holdings in Tyson Foods were worth $8,751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gulf International Bank UK Ltd raised 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 period. National Pension Service raised 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 period. Tompkins Financial Corp raised 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 period. Wealth Enhancement Advisory Services LLC raised 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 period. Finally, Howe & Rusling Inc. raised its position in shares of Tyson Foods by 46.1% in the first quarter. Howe & Rusling Inc. now owns 61,768 shares of the company’s stock valued at $3,812,000 after buying an additional 19,498 shares during the period. 71.97% of the stock is owned by institutional investors.

Tyson Foods, Inc. (TSN) opened at 65.55 on Friday. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $77.05. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of 13.82 and a beta of 0.26. The stock has a 50 day moving average of $62.32 and a 200 day moving average of $62.16.

Tyson Foods (NYSE:TSN) last posted its 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 during 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%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. Equities analysts expect that Tyson Foods, Inc. will post $5.06 earnings per share for the current 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 issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s dividend payout ratio is presently 18.95%.

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TSN has been the subject of several research analyst reports. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research note on Monday, May 8th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $68.00 target price on shares of Tyson Foods in a research note on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $76.00 target price on shares of Tyson Foods in a research note on Tuesday, May 9th. Finally, ValuEngine lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently 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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