Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.49 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,781 shares of the company’s stock after selling 1,439 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Tyson Foods were worth $3,491,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. 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 valued at $26,000 after acquiring an additional 445 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Tyson Foods in the third quarter valued at approximately $36,000. SRS Capital Advisors Inc. raised its stake 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 valued at $36,000 after acquiring an additional 229 shares during the last quarter. Finally, TCTC Holdings LLC raised 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 valued at $38,000 after acquiring an additional 387 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Stephens boosted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Finally, UBS Group assumed coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Price Performance

TSN opened at $60.46 on Monday. The company has a fifty day moving average price of $58.55 and a two-hundred day moving average price of $59.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The firm 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 quarterly 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. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. As a group, analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

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