State Board of Administration of Florida Retirement System decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 410,988 shares of the company’s stock after selling 7,014 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.11% of Tyson Foods worth $24,466,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. raised its position in Tyson Foods by 31.6% during the first quarter. Principal Financial Group Inc. now owns 1,531,213 shares of the company’s stock worth $112,069,000 after acquiring an additional 368,074 shares in the last quarter. DnB Asset Management AS bought a new position in shares of Tyson Foods in the second quarter valued at about $3,047,000. Clinton Group Inc. bought a new position in shares of Tyson Foods in the second quarter valued at about $749,000. IFM Investors Pty Ltd raised its position in shares of Tyson Foods by 48.8% in the second quarter. IFM Investors Pty Ltd now owns 13,179 shares of the company’s stock valued at $907,000 after purchasing an additional 4,324 shares during the period. Finally, Fulton Bank N.A. raised its position in shares of Tyson Foods by 27.5% in the second quarter. Fulton Bank N.A. now owns 8,961 shares of the company’s stock valued at $617,000 after purchasing an additional 1,931 shares during the period. Institutional investors and hedge funds own 70.18% of the company’s stock.

Shares of Tyson Foods stock opened at $62.04 on Thursday. The stock has a market cap of $22.70 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.94 and a beta of 0.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.66 and a current ratio of 1.48. Tyson Foods, Inc. has a 12-month low of $56.79 and a 12-month high of $84.65.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 6th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.17. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The company had revenue of $10.05 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Tyson Foods, Inc. will post 5.92 EPS for the current fiscal year.

Several equities analysts have recently weighed in on TSN shares. Piper Jaffray Companies reissued a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research report on Monday, August 6th. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research report on Tuesday, July 31st. Barclays dropped their price objective on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, July 30th. Mizuho set a $87.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Thursday, October 11th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Tyson Foods currently has an average rating of “Hold” and an average target price of $74.56.

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Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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