Mitsubishi UFJ Asset Management Co. Ltd. Purchases 57,953 Shares of Tyson Foods, Inc. (NYSE:TSN)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 463,018 shares of the company’s stock after purchasing an additional 57,953 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.13% of Tyson Foods worth $26,938,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Cerity Partners LLC raised its holdings in shares of Tyson Foods by 20.6% in the third quarter. Cerity Partners LLC now owns 19,449 shares of the company’s stock worth $1,158,000 after buying an additional 3,320 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tyson Foods by 4.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,547 shares of the company’s stock worth $7,239,000 after purchasing an additional 5,658 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Tyson Foods by 13.7% during the third quarter. Public Sector Pension Investment Board now owns 12,435 shares of the company’s stock worth $741,000 after purchasing an additional 1,500 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Tyson Foods by 175.1% during the third quarter. Martingale Asset Management L P now owns 11,039 shares of the company’s stock valued at $657,000 after purchasing an additional 7,026 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Tyson Foods by 3,833.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 215,478 shares of the company’s stock worth $12,834,000 after purchasing an additional 210,000 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

NYSE:TSN opened at $62.36 on Monday. The company has a market cap of $22.21 billion, a P/E ratio of 21.07, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company’s 50-day moving average price is $59.11 and its 200-day moving average price is $59.59. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSN. Stephens upped their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Barclays cut their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. UBS Group initiated coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Company 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.