State of Michigan Retirement System Acquires 400 Shares of Tyson Foods, Inc. (NYSE:TSN)

State of Michigan Retirement System lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,728 shares of the company’s stock after acquiring an additional 400 shares during the quarter. State of Michigan Retirement System’s holdings in Tyson Foods were worth $5,681,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in Tyson Foods by 1,068.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 217,479 shares of the company’s stock worth $12,773,000 after acquiring an additional 198,863 shares in the last quarter. AlphaMark Advisors LLC raised its stake in Tyson Foods by 21.8% during the first quarter. AlphaMark Advisors LLC now owns 11,871 shares of the company’s stock valued at $697,000 after buying an additional 2,121 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in Tyson Foods by 2.0% in the first quarter. Hexagon Capital Partners LLC now owns 42,600 shares of the company’s stock worth $2,502,000 after acquiring an additional 826 shares in the last quarter. LVW Advisors LLC purchased a new stake in shares of Tyson Foods in the first quarter worth $317,000. Finally, Foguth Wealth Management LLC. bought a new position in shares of Tyson Foods during the first quarter valued at $533,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. The Goldman Sachs Group increased their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. lifted their target price on Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. Finally, HSBC increased their price objective on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.22.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $57.22 on Wednesday. The stock’s 50-day simple moving average is $58.30 and its two-hundred day simple moving average is $56.29. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.16 billion. During the same quarter last year, the firm posted ($0.04) earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts forecast that Tyson Foods, Inc. will post 2.58 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.49 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.43%. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.