Mitsubishi UFJ Trust & Banking Corp Sells 14,224 Shares of Tyson Foods, Inc. $TSN

Mitsubishi UFJ Trust & Banking Corp decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 266,673 shares of the company’s stock after selling 14,224 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Tyson Foods were worth $15,632,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. City Holding Co. bought a new stake in shares of Tyson Foods during the 4th quarter valued at about $29,000. Root Financial Partners LLC bought a new stake in Tyson Foods during the third quarter valued at approximately $28,000. ORG Partners LLC increased its holdings in Tyson Foods by 2,519.2% during the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after buying an additional 655 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Tyson Foods by 89.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock worth $37,000 after acquiring an additional 322 shares during the period. Finally, Caldwell Trust Co bought a new position in Tyson Foods in the third quarter worth approximately $38,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Up 0.9%

Shares of Tyson Foods stock opened at $64.15 on Friday. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The company has a market capitalization of $22.59 billion, a P/E ratio of 114.56, a P/E/G ratio of 1.38 and a beta of 0.44. The company has a fifty day moving average of $63.07 and a 200 day moving average of $59.65.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. During the same period in the prior year, the business earned $1.14 earnings per share. Tyson Foods’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.95 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 Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is 364.29%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TSN shares. Barclays boosted their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. BMO Capital Markets boosted their price target on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Piper Sandler raised Tyson Foods from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $61.00 to $75.00 in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $66.45.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.