Illinois Municipal Retirement Fund Acquires 18,808 Shares of Tyson Foods, Inc. $TSN

Illinois Municipal Retirement Fund lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 9.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 219,157 shares of the company’s stock after buying an additional 18,808 shares during the period. Illinois Municipal Retirement Fund’s holdings in Tyson Foods were worth $11,900,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Harbor Capital Advisors Inc. grew its position in Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after acquiring an additional 228 shares in the last quarter. NewSquare Capital LLC lifted its stake in shares of Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Tyson Foods in the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. increased its position in shares of Tyson Foods by 389.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after purchasing an additional 460 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new stake in Tyson Foods during the 2nd quarter valued at $36,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Barclays lifted their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Piper Sandler increased their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a research note on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $64.27.

Insider Buying and Selling at Tyson Foods

In related news, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the completion of the sale, the chief financial officer directly owned 31,833 shares in the company, valued at $1,820,529.27. The trade was a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction dated 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 completion of the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.11% of the company’s stock.

Tyson Foods Trading Down 1.6%

Shares of TSN opened at $63.28 on Friday. The firm has a market capitalization of $22.28 billion, a price-to-earnings ratio of 113.00, a PEG ratio of 1.42 and a beta of 0.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $66.41. The company has a 50-day moving average of $60.41 and a 200 day moving average of $56.59.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The company had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. Tyson Foods’s dividend payout ratio is presently 364.29%.

Tyson Foods Company 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.