Retirement Systems of Alabama Trims Holdings in Tyson Foods, Inc. (NYSE:TSN)

Retirement Systems of Alabama decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 0.6% during the first quarter, HoldingsChannel.com reports. The firm owned 61,498 shares of the company’s stock after selling 393 shares during the quarter. Retirement Systems of Alabama’s holdings in Tyson Foods were worth $3,924,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSN. Handelsbanken Fonder AB increased its stake in Tyson Foods by 17.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock worth $286,000 after purchasing an additional 729 shares during the period. Bank of New York Mellon Corp boosted its position in Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after purchasing an additional 427,582 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Tyson Foods during the fourth quarter valued at about $1,502,000. Illinois Municipal Retirement Fund boosted its position in Tyson Foods by 34.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 195,518 shares of the company’s stock valued at $11,231,000 after purchasing an additional 50,199 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in Tyson Foods by 0.8% in the fourth quarter. New York Life Investment Management LLC now owns 38,598 shares of the company’s stock worth $2,217,000 after acquiring an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 1.5%

Tyson Foods stock opened at $54.69 on Thursday. The stock has a market capitalization of $19.48 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 0.73 and a beta of 0.60. Tyson Foods, Inc. has a 12 month low of $54.01 and a 12 month high of $66.88. The business has a 50 day simple moving average of $56.81 and a 200-day simple moving average of $58.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The business had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.15 billion. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. On average, analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS 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. Stockholders of record on Friday, August 29th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods’s dividend payout ratio is presently 77.82%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stephens lowered their price target on Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Tuesday, May 6th. Citigroup lifted their price target on Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, April 15th. Wall Street Zen cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group assumed coverage on Tyson Foods in a research report on Monday. They set a “buy” rating and a $67.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.