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

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 297,236 shares of the company’s stock after purchasing an additional 50,495 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Tyson Foods were worth $17,073,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co increased its position in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares during the last quarter. Brooklyn Investment Group increased its holdings in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods during the third quarter worth $36,000. SRS Capital Advisors Inc. lifted its stake in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after acquiring an additional 229 shares during the last quarter. Finally, TCTC Holdings LLC grew its position in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after acquiring an additional 387 shares during the period. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of research analyst reports. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a report on Tuesday, February 4th. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Stephens increased their price target on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $61.10.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $62.36 on Friday. The company has a 50-day simple moving average of $59.11 and a two-hundred day simple moving average of $59.63. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The stock has a market capitalization of $22.21 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

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

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given 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 is Friday, May 30th. Tyson Foods’s payout ratio is currently 67.57%.

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.