Retirement Systems of Alabama Purchases 3,882 Shares of Tyson Foods, Inc. (TSN)

Retirement Systems of Alabama boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,220 shares of the company’s stock after purchasing an additional 3,882 shares during the period. Retirement Systems of Alabama’s holdings in Tyson Foods were worth $11,692,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSN. Ameriprise Financial Inc. grew its position in shares of Tyson Foods by 12.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after buying an additional 980,069 shares during the last quarter. Iridian Asset Management LLC CT grew its position in shares of Tyson Foods by 13.0% in the 4th quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock valued at $442,828,000 after buying an additional 629,241 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Tyson Foods by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,028,728 shares of the company’s stock valued at $283,668,000 after buying an additional 14,313 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Tyson Foods by 10.0% in the 3rd quarter. Prudential Financial Inc. now owns 3,107,758 shares of the company’s stock valued at $218,942,000 after buying an additional 283,327 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Tyson Foods by 17.6% in the 3rd quarter. Wells Fargo & Company MN now owns 2,071,118 shares of the company’s stock valued at $145,910,000 after buying an additional 309,834 shares during the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

In related news, General Counsel Bebber David L. Van sold 164,348 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total transaction of $13,683,614.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey K. Schomburger purchased 2,700 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $74.83 per share, with a total value of $202,041.00. The disclosure for this purchase can be found here. Insiders have sold 396,342 shares of company stock valued at $32,624,994 over the last ninety days. 2.65% of the stock is currently owned by company insiders.

A number of equities research analysts have commented on the company. Mizuho set a $92.00 price target on Tyson Foods and gave the company a “buy” rating in a research report on Friday, February 9th. Jefferies Group restated a “buy” rating on shares of Tyson Foods in a research report on Thursday, February 8th. Piper Jaffray Companies set a $92.00 target price on Tyson Foods and gave the company a “buy” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Monday, February 12th. Finally, Credit Suisse Group set a $78.00 target price on Tyson Foods and gave the company a “hold” rating in a research report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Tyson Foods has an average rating of “Buy” and an average target price of $76.31.

Shares of Tyson Foods, Inc. (NYSE:TSN) opened at $76.01 on Monday. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $27,950.24, a P/E ratio of 10.00, a P/E/G ratio of 1.03 and a beta of 0.17. Tyson Foods, Inc. has a 52-week low of $57.20 and a 52-week high of $84.65.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.81 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.30. The company had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.88 billion. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. Tyson Foods’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the business posted $1.59 earnings per share. research analysts anticipate that Tyson Foods, Inc. will post 6.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Thursday, May 31st. Tyson Foods’s payout ratio is 15.79%.

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Tyson Foods Company Profile

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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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