Strs Ohio Buys 190,143 Shares of Tyson Foods, Inc. $TSN

Strs Ohio grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 43.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 628,690 shares of the company’s stock after acquiring an additional 190,143 shares during the period. Strs Ohio’s holdings in Tyson Foods were worth $34,138,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in shares of Tyson Foods by 70.5% during the second quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company’s stock valued at $3,195,000 after purchasing an additional 23,625 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Tyson Foods by 66.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company’s stock valued at $18,604,000 after buying an additional 132,947 shares during the period. Thrivent Financial for Lutherans lifted its position in Tyson Foods by 55.3% during the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock valued at $3,273,000 after buying an additional 20,888 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of Tyson Foods by 128.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock valued at $3,051,000 after buying an additional 30,713 shares in the last quarter. Finally, Liberty One Investment Management LLC grew its position in shares of Tyson Foods by 32.1% in the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock worth $6,179,000 after buying an additional 27,627 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.9%

Shares of NYSE TSN opened at $61.67 on Friday. The firm’s 50 day moving average price is $57.91 and its 200-day moving average price is $55.55. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $64.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.55. The company has a market cap of $21.77 billion, a PE ratio of 46.37, a P/E/G ratio of 1.37 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.30. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The company had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.08 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.51 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is presently 153.38%.

Insiders Place Their Bets

In other news, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $58.05, for a total value of $5,822,473.05. Following the sale, the chairman directly owned 2,989,415 shares in the company, valued at $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.11% of the company’s stock.

Analysts Set New Price Targets

TSN has been the subject of a number of recent research reports. Piper Sandler lifted their price target on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. BMO Capital Markets set a $67.00 price target on Tyson Foods and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Finally, Bank of America reduced their price objective on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $60.60.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.