Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,796 shares of the company’s stock after selling 438 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Tyson Foods were worth $2,728,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. First Financial Corp IN acquired a new stake in shares of Tyson Foods during the 1st quarter worth approximately $35,000. Pittenger & Anderson Inc. bought a new stake in Tyson Foods in the 1st quarter valued at about $42,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Tyson Foods by 301.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares during the period. Mather Group LLC. acquired a new stake in shares of Tyson Foods in the first quarter valued at approximately $49,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Tyson Foods during the second quarter valued at approximately $54,000. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSN has been the subject of a number of analyst reports. Barclays boosted their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Bank of America decreased their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Citigroup dropped their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Stephens assumed coverage on shares of Tyson Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price objective for the company. Finally, StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Tyson Foods currently has an average rating of “Hold” and an average price target of $59.22.

Tyson Foods Stock Up 0.4 %

TSN stock opened at $60.01 on Monday. The firm has a market cap of $21.35 billion, a PE ratio of -1,000.17, a P/E/G ratio of 0.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $61.54 and a 200 day simple moving average of $59.71. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is currently -3,266.67%.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.