Meiji Yasuda Asset Management Co Ltd. Has $1.26 Million Holdings in Tyson Foods, Inc. (TSN)
Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 17.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,948 shares of the company’s stock after acquiring an additional 2,660 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Tyson Foods were worth $1,264,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Tyson Foods by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock worth $1,564,398,000 after acquiring an additional 900,009 shares in the last quarter. BlackRock Inc. raised its position in shares of Tyson Foods by 0.7% during the 2nd quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock worth $1,201,973,000 after acquiring an additional 136,071 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Tyson Foods by 12.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after acquiring an additional 980,069 shares in the last quarter. LSV Asset Management raised its position in shares of Tyson Foods by 3.3% during the 2nd quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock worth $336,508,000 after acquiring an additional 171,600 shares in the last quarter. Finally, Iridian Asset Management LLC CT raised its position in shares of Tyson Foods by 64.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after acquiring an additional 1,893,438 shares in the last quarter. 73.44% of the stock is currently owned by institutional investors and hedge funds.
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Tyson Foods, Inc. (TSN) traded up $0.10 during midday trading on Wednesday, hitting $79.06. The stock had a trading volume of 2,087,800 shares, compared to its average volume of 2,652,943. Tyson Foods, Inc. has a 12 month low of $55.94 and a 12 month high of $79.66. The firm has a market capitalization of $29,035.01, a PE ratio of 14.87 and a beta of 0.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. analysts forecast that Tyson Foods, Inc. will post 5.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.52%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. Tyson Foods’s payout ratio is 18.79%.
TSN has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $77.00 target price (up previously from $70.00) on shares of Tyson Foods in a research report on Friday, October 6th. Morgan Stanley initiated coverage on Tyson Foods in a research report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 target price on the stock. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 target price on the stock in a research report on Wednesday, October 4th. Argus raised Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Wednesday, November 15th. Finally, BidaskClub lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $73.71.
In related news, insider Scott Rouse sold 1,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen R. Stouffer sold 7,754 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $79.55, for a total value of $616,830.70. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.
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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