Mitsubishi UFJ Trust & Banking Corp Increases Position in Tyson Foods, Inc. (NYSE:TSN)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 297,236 shares of the company's stock after buying an additional 50,495 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Tyson Foods worth $17,073,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Riverview Trust Co increased its stake in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after buying an additional 445 shares during the period. Brooklyn Investment Group grew its holdings in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after acquiring an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Tyson Foods in the 3rd quarter valued at approximately $36,000. SRS Capital Advisors Inc. raised its holdings in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after purchasing an additional 229 shares in the last quarter. Finally, TCTC Holdings LLC lifted its position in shares of Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after purchasing an additional 387 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of TSN stock traded down $0.24 during midday trading on Wednesday, hitting $62.87. The company had a trading volume of 276,955 shares, compared to its average volume of 2,298,616. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company's 50 day simple moving average is $59.41 and its 200 day simple moving average is $59.61. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88.

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Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSN. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. Finally, Barclays dropped their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.