Canada Pension Plan Investment Board cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 43.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 572,224 shares of the company’s stock after selling 441,200 shares during the period. Canada Pension Plan Investment Board owned about 0.16% of Tyson Foods worth $35,838,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC boosted its position in Tyson Foods by 11.7% in the first quarter. ProShare Advisors LLC now owns 58,431 shares of the company’s stock worth $3,606,000 after buying an additional 6,143 shares in the last quarter. IFC Holdings Incorporated FL boosted its position in Tyson Foods by 6.8% in the first quarter. IFC Holdings Incorporated FL now owns 4,757 shares of the company’s stock worth $295,000 after buying an additional 303 shares in the last quarter. Nationwide Fund Advisors boosted its position in Tyson Foods by 170.5% in the first quarter. Nationwide Fund Advisors now owns 222,306 shares of the company’s stock worth $13,719,000 after buying an additional 140,123 shares in the last quarter. Retirement Systems of Alabama boosted its position in Tyson Foods by 0.7% in the first quarter. Retirement Systems of Alabama now owns 138,705 shares of the company’s stock worth $8,559,000 after buying an additional 988 shares in the last quarter. Finally, Hexavest Inc. acquired a new position in Tyson Foods during the first quarter worth about $62,890,000. 71.97% of the stock is owned by institutional investors and hedge funds.

Shares of Tyson Foods, Inc. (NYSE TSN) opened at 65.55 on Friday. The stock has a 50 day moving average price of $62.32 and a 200-day moving average price of $62.16. Tyson Foods, Inc. has a 52 week low of $55.72 and a 52 week high of $77.05. The company has a market capitalization of $24.05 billion, a PE ratio of 13.82 and a beta of 0.26.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.10. The business had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. Equities research analysts expect that Tyson Foods, Inc. will post $5.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a yield of 1.37%. Tyson Foods’s payout ratio is currently 18.95%.

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Several analysts have weighed in on TSN shares. Credit Suisse Group set a $70.00 price objective on Tyson Foods and gave the stock a “neutral” rating in a report on Tuesday. Pivotal Research reissued a “sell” rating and set a $40.00 price objective on shares of Tyson Foods in a report on Tuesday. Royal Bank Of Canada boosted their price objective on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a report on Tuesday. Mizuho reissued a “buy” rating and set a $76.00 price objective (up from $71.00) on shares of Tyson Foods in a report on Wednesday. Finally, BMO Capital Markets reissued an “outperform” rating and set a $78.00 price objective (up from $75.00) on shares of Tyson Foods in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Tyson Foods has a consensus rating of “Buy” and a consensus price target of $69.79.

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

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