Illinois Municipal Retirement Fund Has $4.83 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Illinois Municipal Retirement Fund cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 15.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 89,900 shares of the company’s stock after selling 16,285 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Tyson Foods were worth $4,832,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV lifted its position in Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Allworth Financial LP increased its stake in shares of Tyson Foods by 26.1% in the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock valued at $64,000 after acquiring an additional 245 shares during the last quarter. Caprock Group LLC increased its stake in shares of Tyson Foods by 2.7% in the 3rd quarter. Caprock Group LLC now owns 9,305 shares of the company’s stock valued at $470,000 after acquiring an additional 248 shares during the last quarter. Arete Wealth Advisors LLC increased its stake in shares of Tyson Foods by 3.7% in the 3rd quarter. Arete Wealth Advisors LLC now owns 6,999 shares of the company’s stock valued at $353,000 after acquiring an additional 250 shares during the last quarter. Finally, White Knight Strategic Wealth Advisors LLC increased its stake in shares of Tyson Foods by 5.2% in the 3rd quarter. White Knight Strategic Wealth Advisors LLC now owns 5,060 shares of the company’s stock valued at $255,000 after acquiring an additional 250 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is owned by company insiders.

Tyson Foods Stock Up 0.6 %

TSN stock opened at $61.32 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.28. The stock has a market capitalization of $21.85 billion, a price-to-earnings ratio of -24.83, a PEG ratio of 0.49 and a beta of 0.77. The business’s fifty day moving average price is $56.65 and its two-hundred day moving average price is $52.74.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. During the same quarter last year, the business earned $0.85 earnings per share. Tyson Foods’s revenue was up .4% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, May 31st. Tyson Foods’s payout ratio is currently -79.35%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSN. StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price target for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. Piper Sandler increased their target price on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. increased their target price on Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $58.80.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.