Daiwa Securities Group Inc. Has $2.16 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Daiwa Securities Group Inc. lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 37.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,584 shares of the company’s stock after selling 22,332 shares during the period. Daiwa Securities Group Inc.’s holdings in Tyson Foods were worth $2,159,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co boosted its position in Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares during the period. Brooklyn Investment Group boosted its position in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods during the third quarter worth approximately $36,000. SRS Capital Advisors Inc. boosted its position in Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after purchasing an additional 229 shares during the period. Finally, ST Germain D J Co. Inc. bought a new stake in Tyson Foods during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.2 %

TSN opened at $59.87 on Friday. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The stock’s fifty day simple moving average is $58.04 and its 200 day simple moving average is $59.91. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market cap of $21.33 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given 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 dividend yield of 3.34%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSN. Stephens increased their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. UBS Group began coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods 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.