Kentucky Retirement Systems Insurance Trust Fund Has $553,000 Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,619 shares of the company’s stock after purchasing an additional 1,157 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Tyson Foods were worth $553,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after acquiring an additional 6,955 shares during the last quarter. Empowered Funds LLC grew its holdings in Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock worth $1,395,000 after acquiring an additional 18,059 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in Tyson Foods by 517.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock worth $8,114,000 after acquiring an additional 114,179 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Tyson Foods during the 4th quarter worth about $775,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.5 %

Tyson Foods stock opened at $57.60 on Thursday. The company’s 50 day simple moving average is $57.26 and its 200 day simple moving average is $60.07. Tyson Foods, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $66.88. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 0.71 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. The business 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 quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.47%. Tyson Foods’s dividend payout ratio (DPR) is currently 67.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TSN shares. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Stephens raised their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note 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, BMO Capital Markets raised their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Company 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.