Nomura Holdings Inc. Cuts Position in Tyson Foods, Inc. (NYSE:TSN)

Nomura Holdings Inc. decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 97.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,746 shares of the company’s stock after selling 219,972 shares during the quarter. Nomura Holdings Inc.’s holdings in Tyson Foods were worth $309,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tyson Foods by 7.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock worth $6,293,000 after acquiring an additional 7,921 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 8.2% in the fourth quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company’s stock valued at $316,465,000 after buying an additional 446,904 shares in the last quarter. Eisler Capital UK Ltd. purchased a new position in shares of Tyson Foods in the fourth quarter valued at $1,399,000. SG Americas Securities LLC increased its position in shares of Tyson Foods by 157.1% in the fourth quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock valued at $2,536,000 after buying an additional 28,833 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in shares of Tyson Foods by 11.1% in the third quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock valued at $1,074,000 after buying an additional 2,129 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of research analyst reports. Citigroup raised their price target on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price target on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. StockNews.com cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Piper Sandler lifted their price objective on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Finally, Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $60.22.

Tyson Foods Stock Up 0.3 %

Shares of NYSE:TSN opened at $56.30 on Friday. The stock’s 50-day moving average price is $58.53 and its two-hundred day moving average price is $56.01. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $62.04.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. During the same period last year, the company earned ($0.04) EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities analysts expect that Tyson Foods, Inc. will post 2.58 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio is currently -110.11%.

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.