Daiwa Securities Group Inc. Acquires 3,677 Shares of Tyson Foods, Inc. (NYSE:TSN)

Daiwa Securities Group Inc. increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,033 shares of the company’s stock after buying an additional 3,677 shares during the period. Daiwa Securities Group Inc.’s holdings in Tyson Foods were worth $2,459,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TSN. First Financial Corp IN bought a new stake in shares of Tyson Foods during the 1st quarter valued at $35,000. Pittenger & Anderson Inc. acquired a new stake in shares of Tyson Foods during the first quarter worth $42,000. Lindbrook Capital LLC increased its holdings in Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after purchasing an additional 214 shares during the last quarter. Mather Group LLC. acquired a new position in Tyson Foods in the first quarter valued at about $49,000. Finally, Hantz Financial Services Inc. bought a new position in Tyson Foods during the second quarter worth about $54,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Bank of America cut their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Barclays boosted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets boosted their target price on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.44.

Tyson Foods Stock Down 0.5 %

NYSE:TSN opened at $61.40 on Friday. The stock has a 50-day simple moving average of $61.56 and a 200 day simple moving average of $59.05. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. The company has a market cap of $21.92 billion, a PE ratio of -34.49, a PEG ratio of 0.43 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. The company had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. On average, sell-side analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

About Tyson Foods

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.