Utah Retirement Systems Raises Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Utah Retirement Systems grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 0.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 46,619 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Utah Retirement Systems’ holdings in Tyson Foods were worth $2,678,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Tyson Foods by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock valued at $2,051,433,000 after purchasing an additional 325,361 shares in the last quarter. Geode Capital Management LLC lifted its stake in Tyson Foods by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock valued at $400,712,000 after buying an additional 178,785 shares in the last quarter. Northern Trust Corp boosted its holdings in Tyson Foods by 2.6% in the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company’s stock worth $270,014,000 after buying an additional 118,402 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after buying an additional 427,582 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Tyson Foods during the fourth quarter valued at approximately $175,086,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on TSN shares. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Stephens boosted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. Finally, Barclays dropped their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $61.78.

Tyson Foods Price Performance

NYSE:TSN opened at $60.79 on Friday. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The stock’s fifty day moving average is $60.85 and its two-hundred day moving average is $59.78. The company has a market capitalization of $21.65 billion, a P/E ratio of 20.54, a P/E/G ratio of 0.74 and a beta of 0.62. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.29%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

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.