Meiji Yasuda Life Insurance Co Purchases New Stake in Tyson Foods, Inc. $TSN

Meiji Yasuda Life Insurance Co acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,321 shares of the company’s stock, valued at approximately $615,000.

A number of other hedge funds have also recently added to or reduced their stakes in TSN. Harbor Capital Advisors Inc. increased its stake in 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 last quarter. Root Financial Partners LLC bought a new position in shares of Tyson Foods in the 3rd quarter worth about $28,000. MTM Investment Management LLC acquired a new position in shares of Tyson Foods in the 2nd quarter valued at about $36,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of 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 shares of Tyson Foods during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 1.0%

NYSE:TSN opened at $61.44 on Monday. The stock has a market cap of $21.63 billion, a price-to-earnings ratio of 109.71, a PEG ratio of 1.35 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41. The business has a fifty day moving average of $62.08 and a 200-day moving average of $57.52.

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

Tyson Foods Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSN. Sanford C. Bernstein reiterated a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 3rd. Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. Piper Sandler increased their price target on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Finally, BMO Capital Markets upped their price objective on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.27.

About Tyson Foods

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.