California Public Employees Retirement System raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 670,000 shares of the company’s stock after purchasing an additional 17,800 shares during the period. California Public Employees Retirement System owned about 0.18% of Tyson Foods worth $41,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Financial Counselors Inc. raised its position in Tyson Foods by 0.3% in the 2nd quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock valued at $301,000 after purchasing an additional 15 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its position in Tyson Foods by 0.5% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 20,580 shares of the company’s stock valued at $1,270,000 after purchasing an additional 100 shares in the last quarter. CrestPoint Capital Management LLC raised its position in Tyson Foods by 0.5% in the 2nd quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock valued at $1,321,000 after purchasing an additional 100 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Tyson Foods by 0.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 30,905 shares of the company’s stock valued at $1,907,000 after purchasing an additional 146 shares in the last quarter. Finally, Montecito Bank & Trust raised its position in Tyson Foods by 3.7% in the 2nd quarter. Montecito Bank & Trust now owns 4,160 shares of the company’s stock valued at $260,000 after purchasing an additional 147 shares in the last quarter. 70.83% of the stock is currently owned by institutional investors.

Tyson Foods, Inc. (NYSE:TSN) opened at 65.41 on Monday. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $76.93. The stock has a market cap of $24.00 billion, a P/E ratio of 13.79 and a beta of 0.26. The company’s 50-day moving average price is $64.80 and its 200-day moving average price is $62.35.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The firm had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Tyson Foods’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts predict that Tyson Foods, Inc. will post $5.06 EPS for the current year.

The company also recently disclosed 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 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s payout ratio is currently 18.95%.

A number of research firms have issued reports on TSN. BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a research report on Thursday, June 15th. Fundamental Research reissued a “buy” rating on shares of Tyson Foods in a research report on Thursday, August 17th. BidaskClub raised Tyson Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada raised their target price on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $69.79.

TRADEMARK VIOLATION NOTICE: This article was posted by Daily Political and is the property of of Daily Political. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/09/25/california-public-employees-retirement-system-has-41-96-million-holdings-in-tyson-foods-inc-tsn.html.

In other news, Director Mikel A. Durham acquired 2,809 shares of the business’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $65.77 per share, for a total transaction of $184,747.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.

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.

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

Receive News & Ratings for Tyson Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.