Tyson Foods, Inc. $TSN Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,732 shares of the company’s stock after buying an additional 326 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Tyson Foods were worth $557,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TSN. Bessemer Group Inc. increased its holdings in shares of Tyson Foods by 11.3% during the first quarter. Bessemer Group Inc. now owns 6,399 shares of the company’s stock valued at $408,000 after purchasing an additional 651 shares during the period. Tabor Asset Management LP bought a new position in Tyson Foods in the 1st quarter valued at about $2,180,000. VELA Investment Management LLC increased its stake in Tyson Foods by 45.6% during the 1st quarter. VELA Investment Management LLC now owns 17,678 shares of the company’s stock valued at $1,128,000 after buying an additional 5,537 shares during the period. World Investment Advisors increased its stake in Tyson Foods by 54.2% during the 1st quarter. World Investment Advisors now owns 14,861 shares of the company’s stock valued at $948,000 after buying an additional 5,226 shares during the period. Finally, Summit Global Investments raised its position in shares of Tyson Foods by 212.8% during the 1st quarter. Summit Global Investments now owns 230,921 shares of the company’s stock worth $14,735,000 after buying an additional 157,092 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

TSN opened at $55.41 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. The firm has a market cap of $19.71 billion, a PE ratio of 25.18, a P/E/G ratio of 0.76 and a beta of 0.59. The business has a fifty day simple moving average of $55.45 and a 200-day simple moving average of $57.42. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $65.95.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.72 by $0.19. The business had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.Tyson Foods’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. Tyson Foods has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods announced that its Board of Directors has approved a stock buyback plan on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is 90.91%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TSN shares. BMO Capital Markets dropped their target price on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a report on Monday, July 28th. Sanford C. Bernstein cut Tyson Foods from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. began coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective on the stock. The Goldman Sachs Group began coverage on Tyson Foods in a research note on Monday, June 23rd. They set a “buy” rating and a $67.00 target price for the company. Finally, JP Morgan Cazenove lowered their target price on Tyson Foods from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.25.

Tyson Foods 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.