Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,402 shares of the company’s stock after purchasing an additional 606 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Tyson Foods were worth $2,665,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Crossmark Global Holdings Inc. grew its position in shares of Tyson Foods by 0.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after buying an additional 172 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Tyson Foods by 6.9% during the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after purchasing an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Tyson Foods by 1.7% during the 4th 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. PNC Financial Services Group Inc. lifted its holdings in shares of Tyson Foods by 0.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after purchasing an additional 189 shares during the last quarter. Finally, Empirical Finance LLC boosted its position in Tyson Foods by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after purchasing an additional 206 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the transaction, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the sale, the insider now owns 15,937 shares in the company, valued at $999,409.27. This represents a 58.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 414,814 shares of company stock worth $26,450,955. Corporate insiders own 2.03% of the company’s stock.

Tyson Foods Stock Performance

TSN opened at $57.97 on Monday. The business has a 50 day moving average price of $58.14 and a two-hundred day moving average price of $60.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 0.95. The company has a market capitalization of $20.65 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. Tyson Foods, Inc. has a 1-year low of $51.16 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Research analysts predict that Tyson Foods, Inc. will post 3.8 EPS 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. Investors 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 3.45%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is presently 67.57%.

Wall Street Analysts Forecast Growth

TSN has been the topic of several analyst reports. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Barclays decreased their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Bank of America cut their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Tyson Foods 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.