State of New Jersey Common Pension Fund D Has $6.20 Million Position in Tyson Foods, Inc. (NYSE:TSN)

State of New Jersey Common Pension Fund D lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 32.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,575 shares of the company’s stock after selling 51,981 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Tyson Foods were worth $6,204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its holdings in Tyson Foods by 0.5% during the first quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after purchasing an additional 337 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Tyson Foods by 8.2% during the fourth quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock valued at $316,465,000 after purchasing an additional 446,904 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Tyson Foods by 100.7% during the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after purchasing an additional 5,175 shares during the last quarter. Cetera Advisors LLC grew its holdings in Tyson Foods by 149.2% during the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after purchasing an additional 11,425 shares during the last quarter. Finally, Eisler Capital UK Ltd. acquired a new position in Tyson Foods during the fourth quarter valued at approximately $1,399,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.5 %

TSN opened at $61.40 on Monday. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The firm’s fifty day moving average price is $61.56 and its two-hundred day moving average price is $59.12. The company has a market capitalization of $21.85 billion, a P/E ratio of -34.49, a P/E/G ratio of 0.43 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter in the previous year, the company earned $0.15 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. On average, analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.19%. Tyson Foods’s dividend payout ratio is presently -110.11%.

Analyst Ratings Changes

Several equities analysts have commented on TSN shares. JPMorgan Chase & Co. increased their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Barclays boosted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Bank of America dropped their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, BMO Capital Markets boosted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.44.

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.