Texas Permanent School Fund decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,430 shares of the company’s stock after selling 6,194 shares during the quarter. Texas Permanent School Fund’s holdings in Tyson Foods were worth $3,955,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. BerganKDV Wealth Management LLC purchased a new position in shares of Tyson Foods in the second quarter worth approximately $103,000. Trust Department MB Financial Bank N A purchased a new position in shares of Tyson Foods in the second quarter worth approximately $106,000. MUFG Americas Holdings Corp boosted its holdings in shares of Tyson Foods by 99.3% in the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock worth $119,000 after buying an additional 858 shares during the last quarter. Fort L.P. purchased a new position in shares of Tyson Foods in the second quarter worth approximately $119,000. Finally, Cerebellum GP LLC purchased a new position in shares of Tyson Foods in the third quarter worth approximately $170,000. 70.35% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on TSN shares. reaffirmed a “sell” rating on shares of Tyson Foods in a report on Thursday, July 5th. ValuEngine downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a report on Monday, September 17th. Zacks Investment Research downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Mizuho set a $82.00 price target on shares of Tyson Foods and gave the company a “buy” rating in a report on Monday, September 17th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Tyson Foods has an average rating of “Hold” and an average target price of $74.56.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 6th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.17. The firm had revenue of $10.05 billion for the quarter, compared to analysts’ expectations of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. As a group, analysts anticipate that Tyson Foods, Inc. will post 5.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.95%. Tyson Foods’s payout ratio is currently 22.60%.
Tyson Foods Profile
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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