Strs Ohio Acquires 190,143 Shares of Tyson Foods, Inc. $TSN

Strs Ohio boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 43.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 628,690 shares of the company’s stock after buying an additional 190,143 shares during the period. Strs Ohio owned approximately 0.18% of Tyson Foods worth $34,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Tyson Foods by 70.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company’s stock valued at $3,195,000 after purchasing an additional 23,625 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Tyson Foods by 66.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company’s stock worth $18,604,000 after buying an additional 132,947 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Tyson Foods by 55.3% in the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock worth $3,273,000 after buying an additional 20,888 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Tyson Foods by 128.9% during the second quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock valued at $3,051,000 after acquiring an additional 30,713 shares during the last quarter. Finally, Liberty One Investment Management LLC grew its position in Tyson Foods by 32.1% during the third quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock valued at $6,179,000 after acquiring an additional 27,627 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Insider Buying and Selling

In other news, Chairman John H. Tyson sold 100,301 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the transaction, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This represents a 17.04% decrease in their position. The SEC filing for this sale provides additional information. 2.11% of the stock is currently owned by company insiders.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $61.67 on Friday. The company’s fifty day simple moving average is $57.91 and its two-hundred day simple moving average is $55.55. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $64.36. The firm has a market cap of $21.77 billion, a PE ratio of 46.37, a price-to-earnings-growth ratio of 1.37 and a beta of 0.48. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. The company had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.08 billion. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. Tyson Foods’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.51 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, February 27th. This represents a $2.04 annualized dividend and a yield of 3.3%. Tyson Foods’s dividend payout ratio (DPR) is 153.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TSN shares. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. BMO Capital Markets set a $67.00 price target on shares of Tyson Foods and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Bank of America reduced their price objective on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Finally, Piper Sandler boosted their target price on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Two research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $60.60.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.