Mitsubishi UFJ Trust & Banking Corp Has $15.25 Million Stake in Tyson Foods, Inc. $TSN

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 280,897 shares of the company’s stock after selling 21,183 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Tyson Foods were worth $15,253,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Empowered Funds LLC lifted its stake in Tyson Foods by 15.6% in the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after acquiring an additional 3,788 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Tyson Foods by 40.8% in the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock valued at $1,543,000 after purchasing an additional 7,011 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Tyson Foods by 84.0% in the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after purchasing an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Tyson Foods by 100.3% during the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock worth $414,000 after purchasing an additional 3,702 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Tyson Foods by 2.2% in the second quarter. Fifth Third Bancorp now owns 10,556 shares of the company’s stock valued at $591,000 after purchasing an additional 232 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TSN. Piper Sandler boosted their price target on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Bank of America decreased their price target on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Finally, BMO Capital Markets set a $67.00 price objective on Tyson Foods and gave the company an “outperform” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.60.

Tyson Foods Stock Performance

TSN opened at $65.78 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $65.85. The business has a 50 day moving average of $58.36 and a 200-day moving average of $55.70. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 1.43 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. During the same period in the previous year, the firm earned $0.92 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, February 27th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio is 153.38%.

Insider Activity

In related news, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the sale, the chief financial officer owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. The trade was a 17.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the transaction, the chairman owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. This trade represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.11% of the company’s stock.

Tyson Foods Profile

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.