Mitsubishi UFJ Trust & Banking Corp Has $17.07 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,236 shares of the company’s stock after buying an additional 50,495 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Tyson Foods worth $17,073,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TSN. EntryPoint Capital LLC bought a new stake in shares of Tyson Foods during the fourth quarter valued at approximately $348,000. CoreFirst Bank & Trust bought a new position in Tyson Foods in the 4th quarter valued at $115,000. Vanguard Group Inc. raised its position in shares of Tyson Foods by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock worth $2,051,433,000 after acquiring an additional 325,361 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Tyson Foods by 2.1% during the fourth quarter. LPL Financial LLC now owns 208,966 shares of the company’s stock valued at $12,003,000 after acquiring an additional 4,266 shares during the period. Finally, Fox Run Management L.L.C. boosted its holdings in Tyson Foods by 55.3% in the fourth quarter. Fox Run Management L.L.C. now owns 24,936 shares of the company’s stock valued at $1,432,000 after acquiring an additional 8,877 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.0 %

NYSE TSN opened at $62.36 on Friday. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The firm 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. The stock’s 50-day moving average is $59.11 and its 200-day moving average is $59.63.

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

Tyson Foods Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is 67.57%.

Analyst Ratings Changes

A number of research firms have issued reports on TSN. Piper Sandler upgraded shares of 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. Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.