Meiji Yasuda Life Insurance Co Invests $615,000 in Tyson Foods, Inc. $TSN

Meiji Yasuda Life Insurance Co bought a new stake in Tyson Foods, Inc. (NYSE:TSN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,321 shares of the company’s stock, valued at approximately $615,000.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Tyson Foods by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock worth $2,042,085,000 after buying an additional 543,513 shares during the last quarter. State Street Corp increased its position in shares of Tyson Foods by 3.2% in the second quarter. State Street Corp now owns 13,990,394 shares of the company’s stock worth $782,623,000 after acquiring an additional 439,623 shares in the last quarter. Pzena Investment Management LLC raised its position in Tyson Foods by 0.9% in the third quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock valued at $750,943,000 after purchasing an additional 120,826 shares during the period. Davis Selected Advisers grew its stake in shares of Tyson Foods by 91.4% in the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after buying an additional 4,276,884 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Tyson Foods by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock valued at $411,571,000 after buying an additional 122,055 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 1.0%

NYSE TSN opened at $61.44 on Monday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 109.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47. The company’s fifty day moving average price is $62.08 and its two-hundred day moving average price is $57.52.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). The company had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.Tyson Foods’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS. As a group, research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s payout ratio is currently 364.29%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TSN shares. Argus upgraded Tyson Foods to a “hold” rating in a report on Friday, February 6th. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a research report on Tuesday, February 3rd. Barclays raised their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets boosted their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $64.27.

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.