California State Teachers Retirement System Sells 13,808 Shares of Tyson Foods, Inc. $TSN

California State Teachers Retirement System decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,310 shares of the company’s stock after selling 13,808 shares during the quarter. California State Teachers Retirement System’s holdings in Tyson Foods were worth $20,907,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Tyson Foods in the 4th quarter worth about $308,297,000. Davis Selected Advisers lifted its holdings in shares of Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after acquiring an additional 2,865,413 shares during the last quarter. Life Cycle Investment Partners Ltd purchased a new position in Tyson Foods in the fourth quarter worth about $165,220,000. Pzena Investment Management LLC grew its position in Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after acquiring an additional 1,845,200 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Tyson Foods by 34.4% during the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after acquiring an additional 1,720,009 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

TSN has been the subject of several analyst reports. Bank of America lowered their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. JPMorgan Chase & Co. cut their target price on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Piper Sandler restated an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Weiss Ratings downgraded Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.67.

Tyson Foods Stock Down 4.6%

Shares of NYSE TSN opened at $57.87 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The company has a market cap of $20.38 billion, a P/E ratio of 45.57, a PEG ratio of 1.20 and a beta of 0.40. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The firm has a 50-day simple moving average of $58.45 and a two-hundred day simple moving average of $61.85.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. Research analysts anticipate that Tyson Foods, Inc. will post 4.08 earnings per share for the current year.

Tyson Foods Announces Dividend

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

Tyson Foods Profile

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.