SBI Okasan Asset Management Co.Ltd. Purchases Shares of 10,400 Tyson Foods, Inc. $TSN

SBI Okasan Asset Management Co.Ltd. purchased a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,400 shares of the company’s stock, valued at approximately $609,000.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Tyson Foods by 73.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after acquiring an additional 795,710 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Tyson Foods by 306.4% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock valued at $2,607,000 after acquiring an additional 36,197 shares in the last quarter. AIA Group Ltd raised its holdings in Tyson Foods by 78.8% in the 3rd quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock valued at $2,780,000 after acquiring an additional 22,571 shares in the last quarter. Arnhold LLC acquired a new position in Tyson Foods in the 3rd quarter valued at approximately $3,166,000. Finally, National Pension Service raised its holdings in Tyson Foods by 35.1% in the 3rd quarter. National Pension Service now owns 210,307 shares of the company’s stock valued at $11,420,000 after acquiring an additional 54,678 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TSN has been the subject of several recent research reports. Mizuho began coverage on Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target for the company. Piper Sandler reissued an “overweight” rating and issued a $80.00 target price on shares of Tyson Foods in a report on Monday, May 4th. Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. Weiss Ratings raised Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Finally, Wall Street Zen raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target of $68.27.

Tyson Foods Stock Down 1.3%

Shares of TSN opened at $61.20 on Friday. The firm has a market capitalization of $21.55 billion, a price-to-earnings ratio of 48.19, a PEG ratio of 1.27 and a beta of 0.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The business’s fifty day moving average price is $64.55 and its two-hundred day moving average price is $61.57. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. On average, analysts predict that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 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.