Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 93,708 shares of the company’s stock after buying an additional 694 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Tyson Foods were worth $5,383,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its stake in shares of Tyson Foods by 20.6% during the third quarter. Cerity Partners LLC now owns 19,449 shares of the company’s stock valued at $1,158,000 after purchasing an additional 3,320 shares during the period. Public Sector Pension Investment Board increased its stake in Tyson Foods by 13.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 12,435 shares of the company’s stock worth $741,000 after buying an additional 1,500 shares during the period. Martingale Asset Management L P lifted its holdings in Tyson Foods by 175.1% in the 3rd quarter. Martingale Asset Management L P now owns 11,039 shares of the company’s stock worth $657,000 after buying an additional 7,026 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Tyson Foods in the 3rd quarter valued at about $355,000. Finally, Hilltop Holdings Inc. grew its stake in shares of Tyson Foods by 16.4% during the third quarter. Hilltop Holdings Inc. now owns 6,224 shares of the company’s stock valued at $371,000 after acquiring an additional 876 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 1.2 %

Shares of NYSE TSN opened at $63.07 on Wednesday. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock’s 50 day simple moving average is $59.41 and its 200 day simple moving average is $59.61.

Tyson Foods (NYSE:TSN) last announced 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 net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.17%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analysts Set New Price Targets

A number of brokerages recently commented on TSN. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. UBS Group initiated coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target for the company. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. Finally, Stephens increased their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.