Resona Asset Management Co. Ltd. Reduces Holdings in Tyson Foods, Inc. $TSN

Resona Asset Management Co. Ltd. reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.4% during the first quarter, HoldingsChannel reports. The firm owned 129,916 shares of the company’s stock after selling 8,914 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Tyson Foods were worth $8,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. City Holding Co. purchased a new stake in Tyson Foods during the 4th quarter worth $29,000. Cary Street Partners Investment Advisory LLC boosted its position in Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Tyson Foods during the first quarter valued at about $30,000. Activest Wealth Management grew its stake in shares of Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after acquiring an additional 538 shares in the last quarter. Finally, ORG Partners LLC increased its position in shares of Tyson Foods by 2,519.2% during the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after acquiring an additional 655 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of analyst reports. Stephens increased their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Mizuho began coverage on Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price objective on the stock. 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. Weiss Ratings downgraded shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average target price of $69.56.

Tyson Foods Stock Up 0.0%

Shares of TSN stock traded up $0.01 during trading hours on Friday, hitting $57.72. 2,925,827 shares of the company were exchanged, compared to its average volume of 3,086,486. The stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 45.45, a P/E/G ratio of 1.20 and a beta of 0.40. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. The business’s 50-day simple moving average is $60.96 and its two-hundred day simple moving average is $61.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same period in the previous year, the company earned $0.92 earnings per share. Tyson Foods’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts predict that Tyson Foods, Inc. will post 4.09 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is 160.63%.

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.