New York State Teachers Retirement System Has $17.75 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

New York State Teachers Retirement System lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 298,041 shares of the company’s stock after purchasing an additional 27,449 shares during the period. New York State Teachers Retirement System’s holdings in Tyson Foods were worth $17,751,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Tyson Foods by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after buying an additional 128,274 shares during the last quarter. Pzena Investment Management LLC increased its stake in Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after purchasing an additional 1,939,508 shares in the last quarter. Davis Selected Advisers acquired a new stake in Tyson Foods in the second quarter worth $177,439,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Tyson Foods by 5.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company’s stock worth $111,247,000 after purchasing an additional 91,627 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Tyson Foods by 45.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock valued at $72,839,000 after buying an additional 398,404 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Trading Down 0.4 %

NYSE:TSN opened at $58.36 on Friday. The company has a market cap of $20.77 billion, a P/E ratio of -972.67, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a twelve month low of $45.13 and a twelve month high of $66.88. The business has a 50 day moving average price of $60.85 and a two-hundred day moving average price of $59.70. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter last year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is currently -3,266.67%.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays raised their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Piper Sandler cut Tyson Foods from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $57.00 to $50.00 in a report on Wednesday, September 25th. Bank of America lowered their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $59.22.

About Tyson Foods

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.