Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Position in Tyson Foods, Inc. $TSN

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 609,977 shares of the company’s stock after buying an additional 14,858 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Tyson Foods were worth $35,403,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. City Holding Co. purchased a new stake in shares of Tyson Foods during the 4th quarter valued at approximately $29,000. Root Financial Partners LLC purchased a new stake in shares of Tyson Foods during the 3rd quarter valued at approximately $28,000. Activest Wealth Management raised its position in shares of Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after buying an additional 538 shares during the period. ORG Partners LLC raised its position in shares of Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after buying an additional 655 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Tyson Foods by 89.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after buying an additional 322 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

TSN has been the topic of several analyst reports. Stephens lifted their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Piper Sandler reissued an “overweight” rating and issued a $80.00 target price on shares of Tyson Foods in a research report on Monday, May 4th. JPMorgan Chase & Co. cut their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Wall Street Zen raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Argus raised Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.27.

Tyson Foods Stock Up 0.7%

Shares of NYSE TSN opened at $68.44 on Friday. The firm has a market cap of $24.09 billion, a price-to-earnings ratio of 53.89, a PEG ratio of 1.40 and a beta of 0.40. The company has a quick ratio of 0.66, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The business’s 50 day moving average is $63.35 and its two-hundred day moving average is $60.08.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. Research analysts predict that Tyson Foods, Inc. will post 4.1 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.0%. Tyson Foods’s payout ratio is 160.63%.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.