Maryland State Retirement & Pension System Sells 1,052 Shares of Tyson Foods, Inc. (NYSE:TSN)

Maryland State Retirement & Pension System reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,017 shares of the company’s stock after selling 1,052 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Tyson Foods were worth $863,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TSN. Riverview Trust Co raised its stake in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after buying an additional 445 shares during the period. Brooklyn Investment Group raised its stake in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after acquiring an additional 570 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods during the 3rd quarter worth approximately $36,000. SRS Capital Advisors Inc. boosted its position in shares of Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after purchasing an additional 229 shares during the period. Finally, TCTC Holdings LLC increased its stake in shares of Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TSN. Barclays lowered their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. UBS Group assumed coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Citigroup decreased their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Trading Up 0.1 %

Shares of TSN opened at $60.46 on Monday. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The company’s fifty day moving average is $58.55 and its 200 day moving average is $59.69. The stock has a market capitalization of $21.53 billion, a PE ratio of 20.42, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. Sell-side analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is currently 67.57%.

Tyson Foods Company 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.