Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,887 shares of the company’s stock after purchasing an additional 299 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Tyson Foods were worth $687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. purchased a new stake in shares of Tyson Foods during the 3rd quarter worth about $27,000. CVA Family Office LLC purchased a new position in Tyson Foods in the 4th quarter valued at about $27,000. Glassman Wealth Services lifted its stake in Tyson Foods by 69.7% in the 3rd quarter. Glassman Wealth Services now owns 392 shares of the company’s stock valued at $31,000 after buying an additional 161 shares in the last quarter. NuWave Investment Management LLC purchased a new position in Tyson Foods in the 4th quarter valued at about $36,000. Finally, Clearstead Advisors LLC lifted its stake in Tyson Foods by 1,153.7% in the 3rd quarter. Clearstead Advisors LLC now owns 514 shares of the company’s stock valued at $41,000 after buying an additional 473 shares in the last quarter. 66.88% of the stock is currently owned by institutional investors.

In other news, Director Noel W. White sold 50,305 shares of Tyson Foods stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $99.21, for a total transaction of $4,990,759.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel W. White sold 22,540 shares of Tyson Foods stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $87.19, for a total transaction of $1,965,262.60. The disclosure for this sale can be found here. Insiders sold a total of 89,290 shares of company stock valued at $8,558,443 in the last three months. 1.85% of the stock is currently owned by corporate insiders.

TSN has been the topic of a number of research reports. Zacks Investment Research lowered shares of Tyson Foods from a “buy” rating to a “hold” rating and set a $98.00 price target on the stock. in a research note on Monday, April 11th. Stephens raised their price target on shares of Tyson Foods from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, February 8th. BMO Capital Markets lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $115.00 to $99.00 in a research note on Monday, March 14th. Barclays downgraded shares of Tyson Foods from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $95.00 to $100.00 in a report on Monday, February 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Tuesday, February 8th. Eight equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $97.89.

Shares of NYSE TSN traded down $0.37 during midday trading on Monday, reaching $95.08. 2,074,595 shares of the stock were exchanged, compared to its average volume of 2,658,401. The company has a 50 day simple moving average of $91.37 and a 200 day simple moving average of $87.28. The stock has a market capitalization of $34.46 billion, a P/E ratio of 9.39, a PEG ratio of 1.47 and a beta of 0.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.94 and a current ratio of 1.68. Tyson Foods, Inc. has a twelve month low of $69.88 and a twelve month high of $100.72.

Tyson Foods (NYSE:TSN – Get Rating) last announced its quarterly earnings results on Monday, February 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.97. Tyson Foods had a net margin of 7.47% and a return on equity of 19.90%. The business had revenue of $12.93 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter last year, the firm earned $1.94 EPS. The business’s revenue was up 23.6% compared to the same quarter last year. On average, research analysts expect that Tyson Foods, Inc. will post 8.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.94%. The ex-dividend date is Tuesday, May 31st. This is a boost from Tyson Foods’s previous quarterly dividend of $0.45. Tyson Foods’s dividend payout ratio (DPR) is currently 18.16%.

Tyson Foods Profile (Get Rating)

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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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