Kentucky Retirement Systems Sells 440 Shares of Tyson Foods, Inc. (NYSE:TSN)

Kentucky Retirement Systems trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,201 shares of the company’s stock after selling 440 shares during the period. Kentucky Retirement Systems’ holdings in Tyson Foods were worth $1,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Tyson Foods by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock valued at $109,000 after purchasing an additional 173 shares during the period. Syon Capital LLC raised its position in shares of Tyson Foods by 5.1% during the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company’s stock valued at $205,000 after purchasing an additional 174 shares during the period. Norinchukin Bank The raised its position in shares of Tyson Foods by 1.7% during the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company’s stock valued at $632,000 after purchasing an additional 184 shares during the period. Ossiam raised its position in shares of Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company’s stock valued at $36,000 after purchasing an additional 184 shares during the period. Finally, Covestor Ltd raised its position in shares of Tyson Foods by 10.4% during the 4th quarter. Covestor Ltd now owns 2,113 shares of the company’s stock valued at $121,000 after purchasing an additional 199 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $55.53 on Wednesday. Tyson Foods, Inc. has a 52 week low of $54.01 and a 52 week high of $66.88. The stock has a market capitalization of $19.78 billion, a P/E ratio of 21.61, a PEG ratio of 0.72 and a beta of 0.60. The firm has a fifty day simple moving average of $56.93 and a two-hundred day simple moving average of $58.25. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The business had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.15 billion. During the same period last year, the company posted $0.62 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.60%. Tyson Foods’s dividend payout ratio is presently 77.82%.

Analysts Set New Price Targets

Several analysts have recently commented on TSN shares. JPMorgan Chase & Co. decreased their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. The Goldman Sachs Group began coverage on shares of Tyson Foods in a report on Monday. They issued a “buy” rating and a $67.00 price target on the stock. Citigroup lifted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, April 15th. Stephens reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.11.

Tyson Foods 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.