Nomura Asset Management Co. Ltd. Grows Stake in Tyson Foods, Inc. (TSN)
Nomura Asset Management Co. Ltd. lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,936 shares of the company’s stock after acquiring an additional 3,253 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Tyson Foods were worth $8,189,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. BerganKDV Wealth Management LLC acquired a new stake in shares of Tyson Foods in the second quarter worth $103,000. Trust Department MB Financial Bank N A acquired a new stake in shares of Tyson Foods in the second quarter worth $106,000. Verity Asset Management Inc. acquired a new stake in shares of Tyson Foods in the first quarter worth $209,000. TLP Group LLC increased its stake in shares of Tyson Foods by 33.6% in the first quarter. TLP Group LLC now owns 3,074 shares of the company’s stock worth $225,000 after acquiring an additional 773 shares during the period. Finally, Northwest Wealth Management LLC acquired a new stake in shares of Tyson Foods in the second quarter worth $216,000. Hedge funds and other institutional investors own 71.79% of the company’s stock.
TSN stock opened at $60.18 on Friday. The firm has a market cap of $21.85 billion, a P/E ratio of 9.93, a PEG ratio of 0.93 and a beta of 0.05. The company has a current ratio of 1.48, a quick ratio of 0.69 and a debt-to-equity ratio of 0.71. Tyson Foods, Inc. has a one year low of $56.79 and a one year high of $84.65.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.99%. Tyson Foods’s dividend payout ratio is presently 22.60%.
TSN has been the topic of a number of research reports. Royal Bank of Canada cut their price objective on shares of Tyson Foods to $83.00 and set a “reduce” rating on the stock in a research note on Tuesday, April 17th. Zacks Investment Research lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Tuesday, July 31st. Mizuho set a $87.00 price objective on shares of Tyson Foods and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Sanford C. Bernstein initiated coverage on shares of Tyson Foods in a research note on Thursday, May 10th. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. Tyson Foods presently has a consensus rating of “Hold” and an average target price of $71.11.
In other Tyson Foods news, CEO Thomas P. Hayes sold 20,202 shares of the stock in a transaction on Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,390,907.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sally Grimes sold 19,258 shares of the stock in a transaction on Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,325,913.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,610 shares of company stock worth $2,727,593. 2.65% of the stock is owned by company insiders.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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