Louisiana State Employees Retirement System Makes New $924,000 Investment in Tyson Foods, Inc. (NYSE:TSN)

Louisiana State Employees Retirement System acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,200 shares of the company’s stock, valued at approximately $924,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. DAVENPORT & Co LLC grew its stake in Tyson Foods by 39.3% during the 3rd quarter. DAVENPORT & Co LLC now owns 32,528 shares of the company’s stock worth $1,642,000 after buying an additional 9,183 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in Tyson Foods during the 3rd quarter worth $209,000. Caprock Group LLC boosted its position in Tyson Foods by 2.7% during the 3rd quarter. Caprock Group LLC now owns 9,305 shares of the company’s stock worth $470,000 after acquiring an additional 248 shares during the period. Oak Thistle LLC acquired a new position in Tyson Foods during the 3rd quarter worth $950,000. Finally, Czech National Bank boosted its position in Tyson Foods by 47.6% during the 3rd quarter. Czech National Bank now owns 49,908 shares of the company’s stock worth $2,520,000 after acquiring an additional 16,099 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup boosted their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Piper Sandler upped their price objective on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. BMO Capital Markets upped their price objective on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. Finally, Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $58.80.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.05% of the company’s stock.

Tyson Foods Stock Down 0.7 %

NYSE:TSN opened at $60.89 on Friday. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of -24.65, a PEG ratio of 0.49 and a beta of 0.77. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $63.28. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average price is $56.82 and its 200 day moving average price is $52.80.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. Tyson Foods’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.22%. The ex-dividend date is Friday, May 31st. Tyson Foods’s payout ratio is currently -79.35%.

Tyson Foods Company Profile

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.