Daiwa Securities Group Inc. Has $2.16 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Daiwa Securities Group Inc. reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,584 shares of the company's stock after selling 22,332 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Tyson Foods were worth $2,159,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after acquiring an additional 352,863 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after purchasing an additional 729 shares during the period. Sound Income Strategies LLC boosted its holdings in Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after purchasing an additional 6,955 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after buying an additional 18,059 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in shares of Tyson Foods by 517.7% during the 3rd 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 during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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Tyson Foods Trading Down 0.3 %

TSN stock traded down $0.15 during midday trading on Tuesday, reaching $60.44. 2,602,801 shares of the company's stock traded hands, compared to its average volume of 2,150,220. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The business has a 50-day moving average price of $58.12 and a two-hundred day moving average price of $59.81. The company has a market capitalization of $21.53 billion, a P/E ratio of 20.42, a PEG ratio of 0.74 and a beta of 0.72.

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

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. UBS Group began coverage on Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Piper Sandler raised shares of 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. Citigroup cut their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Barclays decreased their price target on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Finally, HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average target price of $61.10.

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.