Public Employees Retirement Association of Colorado Trims Holdings in Tyson Foods, Inc. (NYSE:TSN)

Public Employees Retirement Association of Colorado reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,734 shares of the company’s stock after selling 871 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Tyson Foods were worth $1,699,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Pzena Investment Management LLC boosted its position in Tyson Foods by 79.2% in the 1st quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock valued at $619,605,000 after buying an additional 4,662,332 shares during the period. Davis Selected Advisers bought a new position in Tyson Foods in the second quarter worth approximately $177,439,000. Capital Research Global Investors increased its holdings in Tyson Foods by 153.2% during the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after purchasing an additional 2,920,479 shares during the period. Royal London Asset Management Ltd. raised its position in Tyson Foods by 76.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after purchasing an additional 1,465,139 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Tyson Foods by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after buying an additional 606,518 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Up 0.5 %

Shares of TSN stock opened at $60.42 on Tuesday. The stock’s fifty day moving average price is $62.10 and its 200 day moving average price is $59.44. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $66.88. The company has a market cap of $21.57 billion, a price-to-earnings ratio of -33.94, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last issued 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. The business had revenue of $13.35 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $0.15 earnings per share. On average, research analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TSN shares. Barclays lifted their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. BMO Capital Markets upped their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. 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. Finally, StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target 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.