Tyson Foods, Inc. $TSN Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 129,916 shares of the company’s stock after selling 8,914 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Tyson Foods were worth $8,319,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TSN. Empowered Funds LLC grew its position in shares of Tyson Foods by 15.6% in the first quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after purchasing an additional 3,788 shares during the period. Woodline Partners LP lifted its position in Tyson Foods by 40.8% during the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock worth $1,543,000 after buying an additional 7,011 shares during the period. Focus Partners Wealth lifted its position in Tyson Foods by 84.0% during the first quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after buying an additional 5,749 shares during the period. Sivia Capital Partners LLC boosted its stake in Tyson Foods by 100.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock worth $414,000 after buying an additional 3,702 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Tyson Foods by 129.2% in the 2nd quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock worth $4,807,000 after buying an additional 48,451 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TSN shares. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Sanford C. Bernstein decreased their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Bank of America cut their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $69.56.

Tyson Foods Trading Up 0.0%

Shares of Tyson Foods stock traded up $0.01 during trading hours on Friday, hitting $57.72. The company’s stock had a trading volume of 2,925,827 shares, compared to its average volume of 3,086,486. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48. The business has a fifty day moving average of $60.96 and a 200 day moving average of $61.80. The company has a market capitalization of $20.32 billion, a PE ratio of 45.45, a P/E/G ratio of 1.20 and a beta of 0.40. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that Tyson Foods, Inc. will post 4.09 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 160.63%.

Tyson Foods Company 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.