Mitsubishi UFJ Trust & Banking Corp Sells 21,183 Shares of Tyson Foods, Inc. $TSN

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 280,897 shares of the company’s stock after selling 21,183 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Tyson Foods worth $15,253,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its position in Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after purchasing an additional 228 shares during the period. Root Financial Partners LLC acquired a new position in Tyson Foods during the 3rd quarter valued at about $28,000. NewSquare Capital LLC boosted its stake in shares of Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares during the last quarter. First Command Advisory Services Inc. grew its position in shares of Tyson Foods by 389.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after buying an additional 460 shares during the period. Finally, MTM Investment Management LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Tyson Foods Trading Up 3.2%

TSN opened at $65.78 on Wednesday. The firm’s fifty day moving average is $58.36 and its two-hundred day moving average is $55.70. The firm has a market cap of $23.22 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 1.43 and a beta of 0.48. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $65.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.55.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 10th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.30. The business had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.08 billion. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

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

Insider Transactions at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 100,301 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 31,833 shares in the company, valued at approximately $1,820,529.27. The trade was a 17.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Company 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.