Resona Asset Management Co. Ltd. Buys Shares of 134,600 Tyson Foods, Inc. (NYSE:TSN)

Resona Asset Management Co. Ltd. acquired a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 134,600 shares of the company's stock, valued at approximately $7,737,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Tyson Foods by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock valued at $109,000 after acquiring an additional 173 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock worth $643,000 after purchasing an additional 184 shares during the period. Naples Global Advisors LLC increased its stake in shares of Tyson Foods by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock worth $1,137,000 after purchasing an additional 202 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Tyson Foods by 1.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company's stock worth $1,131,000 after buying an additional 210 shares in the last quarter. Finally, Unison Advisors LLC raised its holdings in Tyson Foods by 0.8% during the fourth quarter. Unison Advisors LLC now owns 25,977 shares of the company's stock valued at $1,492,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Up 0.6 %

NYSE:TSN traded up $0.36 during midday trading on Friday, hitting $60.49. 2,121,808 shares of the company traded hands, compared to its average volume of 2,322,549. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm's fifty day moving average is $60.06 and its 200-day moving average is $59.58. The firm has a market capitalization of $21.55 billion, a P/E ratio of 20.43, a P/E/G ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

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

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. Tyson Foods's payout ratio is 67.57%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays cut their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Stephens increased their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group began coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Finally, Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.