Meiji Yasuda Asset Management Co Ltd. Sells 2,752 Shares of Tyson Foods, Inc. (NYSE:TSN)

Meiji Yasuda Asset Management Co Ltd. cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 24.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,456 shares of the company’s stock after selling 2,752 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Tyson Foods were worth $483,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Financial Corp IN purchased a new position in Tyson Foods in the first quarter worth about $35,000. Pittenger & Anderson Inc. bought a new stake in shares of Tyson Foods in the 1st quarter valued at approximately $42,000. Lindbrook Capital LLC boosted its holdings in shares of Tyson Foods by 42.0% in the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after purchasing an additional 214 shares during the period. Mather Group LLC. purchased a new position in shares of Tyson Foods in the 1st quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Tyson Foods during the 2nd quarter valued at approximately $54,000. 67.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on TSN shares. Bank of America lowered their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Barclays boosted their target price on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets increased their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.44.

Tyson Foods Price Performance

Shares of TSN stock opened at $60.14 on Friday. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of -33.79, a P/E/G ratio of 0.43 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $66.88. The stock has a fifty day simple moving average of $62.05 and a two-hundred day simple moving average of $59.31.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. On average, analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.26%. Tyson Foods’s payout ratio is presently -110.11%.

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.