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

SBI Okasan Asset Management Co.Ltd. acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 10,400 shares of the company’s stock, valued at approximately $609,000.

A number of other hedge funds have also recently bought and sold shares of TSN. JPMorgan Chase & Co. boosted its position in shares of Tyson Foods by 73.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after purchasing an additional 795,710 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of 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 worth $2,607,000 after purchasing an additional 36,197 shares during the last quarter. AIA Group Ltd boosted its position in shares of Tyson Foods by 78.8% in the 3rd quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock worth $2,780,000 after purchasing an additional 22,571 shares during the last quarter. Arnhold LLC bought a new position in shares of Tyson Foods in the 3rd quarter worth $3,166,000. Finally, National Pension Service boosted its position in shares of Tyson Foods by 35.1% in the 3rd quarter. National Pension Service now owns 210,307 shares of the company’s stock worth $11,420,000 after purchasing an additional 54,678 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSN has been the topic of several recent research reports. Barclays raised their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Wall Street Zen upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. reduced their price target 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. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $68.27.

Tyson Foods Stock Performance

TSN stock opened at $61.20 on Friday. The business’s 50-day moving average price is $64.55 and its two-hundred day moving average price is $61.57. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm has a market cap of $21.55 billion, a PE ratio of 48.19, a P/E/G ratio of 1.27 and a beta of 0.40. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, research analysts forecast that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. Tyson Foods’s dividend payout ratio (DPR) is currently 160.63%.

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.