Texas Permanent School Fund Corp Has $2.71 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Texas Permanent School Fund Corp decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 20.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,335 shares of the company’s stock after selling 11,854 shares during the period. Texas Permanent School Fund Corp’s holdings in Tyson Foods were worth $2,705,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TSN. First Financial Corp IN purchased a new stake in shares of Tyson Foods during the 1st quarter worth about $35,000. Pittenger & Anderson Inc. acquired a new stake in Tyson Foods in the first quarter valued at approximately $42,000. Lindbrook Capital LLC grew its position in Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after acquiring an additional 214 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Tyson Foods during the 1st quarter worth $49,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Tyson Foods during the 2nd quarter valued at $54,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 0.7 %

NYSE TSN opened at $61.83 on Tuesday. Tyson Foods, Inc. has a one year low of $44.94 and a one year 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 has a market cap of $22.00 billion, a P/E ratio of -34.74, a P/E/G ratio of 0.43 and a beta of 0.78. The stock’s 50-day moving average is $61.67 and its 200-day moving average is $59.17.

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

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio is currently -110.11%.

Analyst Ratings Changes

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

About Tyson Foods

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.