New York State Common Retirement Fund Sells 27,428 Shares of Tyson Foods, Inc. (NYSE:TSN)

Posted by Defense World Staff on Apr 16th, 2023

New York State Common Retirement Fund cut its stake in Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,795 shares of the company’s stock after selling 27,428 shares during the period. New York State Common Retirement Fund owned 0.12% of Tyson Foods worth $25,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Tyson Foods by 6.4% during the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after purchasing an additional 2,239,235 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Tyson Foods by 203.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,580,743 shares of the company’s stock worth $98,401,000 after purchasing an additional 1,060,504 shares in the last quarter. Invesco Ltd. lifted its position in shares of Tyson Foods by 33.3% in the first quarter. Invesco Ltd. now owns 3,653,878 shares of the company’s stock worth $327,497,000 after purchasing an additional 912,421 shares in the last quarter. Marshall Wace LLP raised its position in Tyson Foods by 9,361.1% during the third quarter. Marshall Wace LLP now owns 816,585 shares of the company’s stock worth $53,837,000 after acquiring an additional 807,954 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Tyson Foods by 56.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,572,844 shares of the company’s stock worth $140,974,000 after acquiring an additional 566,512 shares in the last quarter. 66.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Tyson Foods from $69.00 to $63.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 7th. Credit Suisse Group dropped their price target on shares of Tyson Foods from $75.00 to $58.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 7th. The Goldman Sachs Group downgraded shares of Tyson Foods from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $91.00 to $66.00 in a report on Monday, February 6th. Bank of America decreased their price objective on shares of Tyson Foods from $62.00 to $56.00 and set an “underperform” rating on the stock in a report on Tuesday, February 7th. Finally, BMO Capital Markets initiated coverage on shares of Tyson Foods in a report on Thursday. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $67.67.

Tyson Foods Trading Down 1.4 %

TSN stock opened at $60.82 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 1.75. The company’s 50-day simple moving average is $59.55 and its 200 day simple moving average is $63.14. Tyson Foods, Inc. has a 52 week low of $55.81 and a 52 week high of $99.54. The company has a market capitalization of $21.63 billion, a PE ratio of 9.04 and a beta of 0.75.

Tyson Foods (NYSE:TSN – Get Rating) last released its quarterly earnings results on Monday, February 6th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.50). Tyson Foods had a net margin of 4.54% and a return on equity of 12.41%. The business had revenue of $13.26 billion during the quarter, compared to analyst estimates of $13.51 billion. During the same quarter last year, the company posted $2.87 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 4.16 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.16%. Tyson Foods’s payout ratio is 28.53%.

Tyson Foods Company Profile

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Tyson Foods, Inc engages in the production of frozen and refrigerated food products. It operates through the following segments: Beef, Pork, Chicken, and Prepared Foods. The Beef segment includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.