New Mexico Educational Retirement Board reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,165 shares of the company's stock after selling 800 shares during the period. New Mexico Educational Retirement Board's holdings in Tyson Foods were worth $1,391,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New Hampshire bought a new position in Tyson Foods during the 1st quarter valued at about $27,000. Tcwp LLC bought a new position in shares of Tyson Foods in the first quarter worth about $28,000. Advocacy Wealth Management Services LLC raised its stake in shares of Tyson Foods by 34.7% in the first quarter. Advocacy Wealth Management Services LLC now owns 435 shares of the company's stock worth $40,000 after acquiring an additional 112 shares during the last quarter. Allworth Financial LP raised its stake in shares of Tyson Foods by 161.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $40,000 after acquiring an additional 273 shares during the last quarter. Finally, Sandy Cove Advisors LLC bought a new position in shares of Tyson Foods in the first quarter worth about $40,000. 68.55% of the stock is owned by institutional investors.
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Analyst Ratings Changes
TSN has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Friday, September 23rd. Barclays dropped their price target on shares of Tyson Foods from $100.00 to $89.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 9th. Stephens dropped their price target on shares of Tyson Foods from $100.00 to $95.00 and set an "overweight" rating for the company in a research note on Tuesday, August 9th. Sanford C. Bernstein dropped their price target on shares of Tyson Foods to $101.00 in a research note on Monday, August 15th. Finally, BMO Capital Markets dropped their price target on shares of Tyson Foods from $99.00 to $90.00 in a research note on Tuesday, August 9th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and an average target price of $93.13.
Tyson Foods Stock Down 1.4 %
Shares of NYSE TSN opened at $65.93 on Monday. The stock has a market cap of $23.71 billion, a P/E ratio of 5.92 and a beta of 0.73. The firm has a 50 day moving average price of $77.71 and a 200 day moving average price of $84.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.85 and a current ratio of 1.99. Tyson Foods, Inc. has a 52-week low of $65.85 and a 52-week high of $100.72.
Tyson Foods (NYSE:TSN – Get Rating) last issued its quarterly earnings data on Monday, August 8th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.03. The firm had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.25 billion. Tyson Foods had a net margin of 7.75% and a return on equity of 18.42%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.70 earnings per share. Analysts expect that Tyson Foods, Inc. will post 8.85 EPS for the current year.
Tyson Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Wednesday, November 30th. Tyson Foods's dividend payout ratio is currently 16.53%.
Tyson Foods Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Tyson Foods (TSN)
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