Louisiana State Employees Retirement System Purchases Shares of 14,400 Tyson Foods, Inc. $TSN

Louisiana State Employees Retirement System acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) during the 1st quarter, Holdings Channel reports. The firm acquired 14,400 shares of the company’s stock, valued at approximately $923,000.

A number of other hedge funds have also recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. raised its stake in Tyson Foods by 306.4% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock valued at $2,607,000 after purchasing an additional 36,197 shares during the period. AIA Group Ltd boosted its stake in Tyson Foods by 78.8% in the 3rd quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock worth $2,780,000 after purchasing an additional 22,571 shares during the period. Vinva Investment Management Ltd grew its holdings in Tyson Foods by 111.6% during the 3rd quarter. Vinva Investment Management Ltd now owns 387,714 shares of the company’s stock valued at $21,070,000 after buying an additional 204,482 shares in the last quarter. Perbak Capital Partners LLP bought a new stake in shares of Tyson Foods during the third quarter valued at approximately $1,255,000. Finally, Everpar Advisors LLC raised its position in shares of Tyson Foods by 27.2% during the fourth quarter. Everpar Advisors LLC now owns 81,243 shares of the company’s stock valued at $4,762,000 after buying an additional 17,353 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TSN shares. Bank of America dropped their target price on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Sanford C. Bernstein reduced their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.60.

Tyson Foods Trading Down 0.0%

TSN stock opened at $58.89 on Monday. The firm has a fifty day moving average price of $61.54 and a 200 day moving average price of $61.83. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The firm has a market cap of $20.74 billion, a PE ratio of 46.37, a price-to-earnings-growth ratio of 1.21 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Tyson Foods’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Tyson Foods, Inc. will post 4.09 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is currently 160.63%.

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.