Kentucky Retirement Systems Sells 271 Shares of Tyson Foods, Inc. (NYSE:TSN)

Kentucky Retirement Systems lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,641 shares of the company’s stock after selling 271 shares during the quarter. Kentucky Retirement Systems’ holdings in Tyson Foods were worth $1,128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Brooklyn Investment Group lifted its stake in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares during the last quarter. Catalyst Capital Advisors LLC raised its holdings in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Tyson Foods during the 3rd quarter valued at $36,000. ST Germain D J Co. Inc. bought a new stake in Tyson Foods in the 4th quarter worth $42,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Tyson Foods in the fourth quarter valued at about $53,000. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TSN has been the topic of several recent analyst reports. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. Barclays cut their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Citigroup decreased their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Stephens boosted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Up 2.2 %

Shares of Tyson Foods stock opened at $60.43 on Monday. Tyson Foods, Inc. has a 1 year low of $52.11 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 0.74 and a beta of 0.80. The company has a 50-day moving average of $57.22 and a 200 day moving average of $60.03.

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

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Tyson Foods’s dividend payout ratio is presently 67.57%.

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.