Virginia Retirement Systems ET AL reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 16.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 90,900 shares of the company’s stock after selling 18,400 shares during the period. Virginia Retirement Systems ET AL’s holdings in Tyson Foods were worth $6,258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BerganKDV Wealth Management LLC bought a new stake in shares of Tyson Foods during the 2nd quarter worth $103,000. Trust Department MB Financial Bank N A bought a new stake in shares of Tyson Foods during the 2nd quarter worth $106,000. Verity Asset Management Inc. bought a new stake in shares of Tyson Foods during the 1st quarter worth $209,000. TLP Group LLC lifted its holdings in shares of Tyson Foods by 33.6% during the 1st quarter. TLP Group LLC now owns 3,074 shares of the company’s stock worth $225,000 after acquiring an additional 773 shares during the last quarter. Finally, Northwest Wealth Management LLC bought a new stake in shares of Tyson Foods during the 2nd quarter worth $216,000. 71.79% of the stock is owned by institutional investors.

In other Tyson Foods news, insider Sally Grimes sold 19,258 shares of the business’s stock in a transaction dated Sunday, July 1st. The shares were sold at an average price of $68.85, for a total value of $1,325,913.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas P. Hayes sold 20,202 shares of the business’s stock in a transaction dated Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,390,907.70. The disclosure for this sale can be found here. Insiders sold 39,610 shares of company stock worth $2,727,593 in the last 90 days. Corporate insiders own 2.65% of the company’s stock.

TSN has been the subject of a number of research analyst reports. Mizuho set a $87.00 price objective on shares of Tyson Foods and gave the stock a “buy” rating in a report on Wednesday, July 25th. Barclays dropped their price objective on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating for the company in a report on Monday, July 30th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Tuesday, July 31st. Finally, Morgan Stanley lowered their price target on shares of Tyson Foods to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $71.11.

Tyson Foods opened at $60.18 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 0.69, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $21.85 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.93 and a beta of 0.05. Tyson Foods, Inc. has a twelve month low of $56.79 and a twelve 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, topping the consensus estimate of $1.33 by $0.17. The business had revenue of $10.05 billion during the quarter, compared to the consensus estimate of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. equities analysts anticipate that Tyson Foods, Inc. will post 5.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.99%. Tyson Foods’s payout ratio is 22.60%.

About Tyson Foods

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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