Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 2.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,406 shares of the company’s stock after selling 230 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Tyson Foods were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after acquiring an additional 859,351 shares during the period. Barclays PLC increased its holdings in shares of Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after purchasing an additional 427,582 shares in the last quarter. Raymond James Financial Inc. bought a new position in Tyson Foods in the 4th quarter valued at about $22,059,000. Finally, JPMorgan Chase & Co. increased its stake in Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after buying an additional 352,863 shares during the period. Institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TSN shares. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays decreased their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group started coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Finally, Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Trading Up 1.3 %

NYSE:TSN opened at $62.39 on Friday. The stock has a fifty day simple moving average of $58.98 and a 200 day simple moving average of $59.65. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $22.22 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same period last year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is currently 67.57%.

Tyson Foods Company 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.