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

Mitsubishi UFJ Trust & Banking Corp lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 266,673 shares of the company’s stock after selling 14,224 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of Tyson Foods worth $15,632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of Tyson Foods in the third quarter valued at $28,000. City Holding Co. purchased a new stake in Tyson Foods during the 4th quarter worth about $29,000. Wilmington Savings Fund Society FSB lifted its holdings in Tyson Foods by 89.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock worth $37,000 after purchasing an additional 322 shares in the last quarter. Caldwell Trust Co bought a new position in Tyson Foods in the 3rd quarter worth about $38,000. Finally, ORG Partners LLC grew its holdings in Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after buying an additional 655 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

NYSE TSN opened at $64.15 on Friday. The firm has a market cap of $22.59 billion, a price-to-earnings ratio of 114.56, a PEG ratio of 1.38 and a beta of 0.44. The company has a 50-day simple moving average of $63.07 and a two-hundred day simple moving average of $59.65. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $66.41.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The company had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. On average, equities analysts forecast that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio is presently 364.29%.

Analyst Ratings Changes

A number of research firms recently weighed in on TSN. Mizuho initiated coverage on shares of Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. BMO Capital Markets upped their price target 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. Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. reduced their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company 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 company’s stock. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $66.45.

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.