Meiji Yasuda Asset Management Co Ltd. Has $2.61 Million Position in Tyson Foods, Inc. $TSN

Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 306.4% during the third quarter, Holdings Channel reports. The institutional investor owned 48,009 shares of the company’s stock after purchasing an additional 36,197 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Tyson Foods were worth $2,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its position in shares of Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares during the period. Root Financial Partners LLC bought a new position in Tyson Foods in the third quarter worth $28,000. MTM Investment Management LLC acquired a new stake in Tyson Foods during the second quarter worth $36,000. Wilmington Savings Fund Society FSB increased its holdings in Tyson Foods by 89.4% in 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. Finally, Caldwell Trust Co bought a new stake in Tyson Foods in the 3rd quarter valued at $38,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Down 1.0%

Shares of TSN stock opened at $61.44 on Monday. The company has a market capitalization of $21.63 billion, a P/E ratio of 109.71, a P/E/G ratio of 1.35 and a beta of 0.47. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $66.41. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $62.08 and a 200 day moving average price of $57.52.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. Research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Tyson Foods’s payout ratio is currently 364.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. BMO Capital Markets increased their price target on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Barclays upped their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average price target of $64.27.

Tyson Foods Profile

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.