Kentucky Retirement Systems Has $1.23 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Kentucky Retirement Systems decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 21,553 shares of the company’s stock after selling 192 shares during the quarter. Kentucky Retirement Systems’ holdings in Tyson Foods were worth $1,232,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TSN. Brown Advisory Inc. lifted its holdings in Tyson Foods by 8.6% during the 4th quarter. Brown Advisory Inc. now owns 4,661 shares of the company’s stock worth $251,000 after buying an additional 369 shares in the last quarter. Norges Bank acquired a new position in shares of Tyson Foods in the 4th quarter valued at $89,286,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Tyson Foods by 34.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,721 shares of the company’s stock valued at $254,000 after purchasing an additional 1,198 shares during the period. Commerce Bank lifted its stake in shares of Tyson Foods by 41.5% in the 4th quarter. Commerce Bank now owns 15,637 shares of the company’s stock valued at $840,000 after purchasing an additional 4,587 shares during the period. Finally, Primecap Management Co. CA lifted its stake in shares of Tyson Foods by 0.3% in the 4th quarter. Primecap Management Co. CA now owns 348,500 shares of the company’s stock valued at $18,732,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSN. Bank of America cut their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Barclays increased their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. BMO Capital Markets increased their price target on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, StockNews.com upgraded shares of 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 issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Price Performance

TSN stock opened at $60.14 on Friday. The stock has a 50-day moving average price of $62.05 and a two-hundred day moving average price of $59.35. The stock has a market cap of $21.40 billion, a PE ratio of -33.79, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $13.35 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.15 EPS. Equities analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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 $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

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.