Public Employees Retirement System of Ohio Invests $4.89 Million in Tyson Foods, Inc. $TSN

Public Employees Retirement System of Ohio bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the second quarter, Holdings Channel.com reports. The institutional investor bought 85,391 shares of the company’s stock, valued at approximately $4,889,000.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Tyson Foods by 10.3% in the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after purchasing an additional 157 shares in the last quarter. Groupama Asset Managment raised its stake in Tyson Foods by 1.3% in the first quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock valued at $805,000 after buying an additional 159 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Tyson Foods by 0.4% in the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock worth $2,376,000 after acquiring an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of Tyson Foods by 4.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock worth $231,000 after acquiring an additional 166 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after acquiring an additional 179 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Up 1.4%

TSN opened at $55.81 on Thursday. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The company has a fifty day moving average of $57.87 and a two-hundred day moving average of $60.92. The stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 1.84 and a beta of 0.38.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts expect that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.7%. Tyson Foods’s dividend payout ratio is currently 125.93%.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent analyst reports. Bank of America lowered their target price on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. JPMorgan Chase & Co. decreased their price target on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. HSBC reduced their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, July 29th. Finally, Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $70.67.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.