Mirae Asset Global Investments Co. Ltd. Boosts Position in Tyson Foods, Inc. (NYSE:TSN)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 40.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,270 shares of the company's stock after acquiring an additional 7,908 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Tyson Foods were worth $1,580,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after buying an additional 352,863 shares in the last quarter. Sound Income Strategies LLC grew its stake in Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after buying an additional 6,955 shares in the last quarter. Mizuho Securities USA LLC grew its stake in Tyson Foods by 517.7% during the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock worth $8,114,000 after buying an additional 114,179 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Tyson Foods during the fourth quarter worth about $775,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Tyson Foods during the third quarter worth about $1,036,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyson Foods

In other news, Chairman John H. Tyson sold 185,394 shares of Tyson Foods stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the sale, the director now owns 36,179 shares in the company, valued at $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 381,531 shares of company stock worth $24,341,833. Corporate insiders own 2.03% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSN. Stephens increased their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. BMO Capital Markets increased their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a "market perform" rating in a report on Wednesday, November 13th. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, 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 report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $61.10.

Tyson Foods Trading Down 0.8 %

Tyson Foods stock traded down $0.47 during mid-day trading on Friday, hitting $57.10. 3,151,524 shares of the stock were exchanged, compared to its average volume of 2,428,615. The company has a quick ratio of 0.95, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12 month low of $52.01 and a 12 month high of $66.88. The firm's fifty day simple moving average is $57.66 and its two-hundred day simple moving average is $60.17. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 0.72 and a beta of 0.80.

Tyson Foods (NYSE:TSN - Get Free Report) last posted 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 business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter last year, the firm posted $0.69 EPS. Tyson Foods's revenue 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

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.