Norinchukin Bank The Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Norinchukin Bank The increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,490 shares of the company’s stock after buying an additional 382 shares during the quarter. Norinchukin Bank The’s holdings in Tyson Foods were worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quent Capital LLC grew its stake in Tyson Foods by 18.6% during the 1st quarter. Quent Capital LLC now owns 1,071 shares of the company’s stock worth $63,000 after buying an additional 168 shares during the last quarter. Texas Permanent School Fund grew its stake in Tyson Foods by 0.4% during the 4th quarter. Texas Permanent School Fund now owns 41,149 shares of the company’s stock worth $2,562,000 after buying an additional 170 shares during the last quarter. AlphaMark Advisors LLC grew its stake in Tyson Foods by 1.8% during the 1st quarter. AlphaMark Advisors LLC now owns 10,114 shares of the company’s stock worth $600,000 after buying an additional 183 shares during the last quarter. AdvisorNet Financial Inc grew its stake in Tyson Foods by 43.2% during the 1st quarter. AdvisorNet Financial Inc now owns 610 shares of the company’s stock worth $36,000 after buying an additional 184 shares during the last quarter. Finally, Horrell Capital Management Inc. grew its stake in Tyson Foods by 0.6% during the 1st quarter. Horrell Capital Management Inc. now owns 31,853 shares of the company’s stock valued at $1,890,000 after purchasing an additional 187 shares during the last quarter. 63.68% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

NYSE:TSN opened at $52.16 on Wednesday. Tyson Foods, Inc. has a 12 month low of $47.11 and a 12 month high of $76.23. The stock has a 50 day moving average of $53.45 and a two-hundred day moving average of $55.08. The company has a current ratio of 1.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.47. The firm has a market cap of $18.54 billion, a P/E ratio of 56.69 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The company had revenue of $13.14 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a net margin of 0.64% and a return on equity of 4.77%. Tyson Foods’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.94 earnings per share. On average, analysts expect that Tyson Foods, Inc. will post 1.32 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.48 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.68%. Tyson Foods’s dividend payout ratio (DPR) is presently 208.70%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TSN. StockNews.com began coverage on Tyson Foods in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Barclays reduced their price target on Tyson Foods from $52.00 to $50.00 in a report on Thursday, June 1st. Bank of America reduced their price target on Tyson Foods from $56.00 to $48.00 in a report on Tuesday, May 9th. Piper Sandler reduced their price target on Tyson Foods from $62.00 to $49.00 in a report on Tuesday, May 9th. Finally, BMO Capital Markets upped their price target on Tyson Foods from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $55.75.

Tyson Foods Company 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 live market 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.