State Treasurer State of Michigan Has $5.93 Million Stake in Tyson Foods, Inc. (TSN)

State Treasurer State of Michigan increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,736 shares of the company’s stock after buying an additional 500 shares during the period. State Treasurer State of Michigan’s holdings in Tyson Foods were worth $5,933,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares during the period. Independent Portfolio Consultants Inc. raised its stake in Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after buying an additional 1,357 shares during the period. IHT Wealth Management LLC raised its stake in Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after buying an additional 1,100 shares during the period. Harbour Capital Advisors LLC bought a new stake in Tyson Foods during the first quarter valued at $196,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Tyson Foods during the first quarter valued at $203,000. Hedge funds and other institutional investors own 71.59% of the company’s stock.

Tyson Foods, Inc. (TSN) traded up 1.56% during mid-day trading on Friday, hitting $61.88. The stock had a trading volume of 1,747,119 shares. The stock’s 50 day moving average price is $60.96 and its 200 day moving average price is $62.01. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $77.05. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 12.93 and a beta of 0.25.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 8th. The company reported $1.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.05. Tyson Foods had a return on equity of 18.55% and a net margin of 4.91%. The business had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $9.07 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Analysts forecast that Tyson Foods, Inc. will post $5.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.45%. Tyson Foods’s dividend payout ratio is currently 18.79%.

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Several research firms recently weighed in on TSN. BMO Capital Markets restated a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a report on Thursday, June 15th. BidaskClub upgraded Tyson Foods from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Thursday, July 13th. Mizuho started coverage on Tyson Foods in a report on Wednesday, June 7th. They issued a “buy” rating and a $71.00 target price for the company. Finally, Barclays PLC started coverage on Tyson Foods in a report on Tuesday, June 6th. They set an “overweight” rating and a $70.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Tyson Foods currently has an average rating of “Buy” and an average price target of $69.04.

About Tyson Foods

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

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