California Public Employees Retirement System Has $112.93 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

California Public Employees Retirement System trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,531,103 shares of the company’s stock after selling 71,535 shares during the quarter. California Public Employees Retirement System’s holdings in Tyson Foods were worth $112,934,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Verity & Verity LLC boosted its holdings in shares of Tyson Foods by 11.2% during the first quarter. Verity & Verity LLC now owns 135,488 shares of the company’s stock worth $9,858,000 after purchasing an additional 13,637 shares during the period. Holocene Advisors LP raised its position in Tyson Foods by 30.3% during the first quarter. Holocene Advisors LP now owns 52,414 shares of the company’s stock valued at $3,894,000 after acquiring an additional 12,182 shares in the last quarter. Swiss National Bank raised its position in Tyson Foods by 6.4% during the second quarter. Swiss National Bank now owns 1,203,599 shares of the company’s stock valued at $88,777,000 after acquiring an additional 72,792 shares in the last quarter. Van ECK Associates Corp raised its position in Tyson Foods by 0.7% during the first quarter. Van ECK Associates Corp now owns 1,268,343 shares of the company’s stock valued at $94,238,000 after acquiring an additional 9,315 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Tyson Foods by 57.6% during the second quarter. O Shaughnessy Asset Management LLC now owns 114,394 shares of the company’s stock valued at $8,438,000 after acquiring an additional 41,822 shares in the last quarter. Institutional investors and hedge funds own 65.11% of the company’s stock.

In other news, Director Gaurdie E. Jr. Banister sold 20,095 shares of the business’s stock in a transaction on Friday, August 13th. The shares were sold at an average price of $82.28, for a total value of $1,653,416.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert C. Thurber sold 10,696 shares of the business’s stock in a transaction on Tuesday, August 10th. The shares were sold at an average price of $78.82, for a total transaction of $843,058.72. The disclosure for this sale can be found here. Insiders own 1.82% of the company’s stock.

NYSE:TSN opened at $79.31 on Thursday. Tyson Foods, Inc. has a 12 month low of $55.82 and a 12 month high of $82.44. The firm has a market cap of $28.93 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 1.31 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $77.81 and its 200-day moving average is $76.64.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 9th. The company reported $2.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.93. Tyson Foods had a net margin of 5.22% and a return on equity of 18.28%. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter last year, the firm posted $1.40 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Research analysts predict that Tyson Foods, Inc. will post 7.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Tuesday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is currently 31.56%.

TSN has been the topic of several recent research reports. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Tyson Foods in a research report on Monday, August 9th. BMO Capital Markets raised their price objective on shares of Tyson Foods from $84.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, August 10th. Finally, Piper Sandler reaffirmed a “hold” rating and set a $79.00 price objective on shares of Tyson Foods in a research report on Wednesday, July 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $84.29.

Tyson Foods Profile

Tyson Foods, Inc engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen and value-added chicken products, as well as sales from allied products.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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