Meiji Yasuda Asset Management Co Ltd. Sells 2,752 Shares of Tyson Foods, Inc. (NYSE:TSN)

Meiji Yasuda Asset Management Co Ltd. decreased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 24.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,456 shares of the company’s stock after selling 2,752 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Tyson Foods were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. Price T Rowe Associates Inc. MD lifted its holdings in shares of Tyson Foods by 0.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after buying an additional 128,274 shares during the period. Pzena Investment Management LLC lifted its holdings in Tyson Foods by 18.4% in the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after acquiring an additional 1,939,508 shares during the period. Wellington Management Group LLP boosted its position in Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after purchasing an additional 606,518 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Tyson Foods by 153.2% during the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after purchasing an additional 2,920,479 shares during the period. Finally, Royal London Asset Management Ltd. increased its position in shares of Tyson Foods by 76.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after purchasing an additional 1,465,139 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tyson Foods Price Performance

TSN stock opened at $60.14 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The company’s fifty day moving average price is $62.05 and its 200-day moving average price is $59.31. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $66.88. The company has a market capitalization of $21.40 billion, a PE ratio of -33.79, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78.

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

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.26%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -110.11%.

Tyson Foods 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.