Asset Management One Co. Ltd. Increases Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Asset Management One Co. Ltd. increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 149,551 shares of the company's stock after purchasing an additional 7,193 shares during the period. Asset Management One Co. Ltd.'s holdings in Tyson Foods were worth $9,543,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Tyson Foods by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock valued at $2,051,433,000 after buying an additional 325,361 shares during the period. Geode Capital Management LLC boosted its position in Tyson Foods by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after buying an additional 178,785 shares during the period. Northern Trust Corp increased its stake in Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after purchasing an additional 118,402 shares during the period. Bank of New York Mellon Corp increased its stake in Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after purchasing an additional 427,582 shares during the period. Finally, Norges Bank acquired a new position in Tyson Foods in the fourth quarter valued at $175,086,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Performance

Shares of Tyson Foods stock traded up $0.22 on Friday, reaching $55.24. 3,256,002 shares of the stock were exchanged, compared to its average volume of 2,423,256. The company has a current ratio of 1.67, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $56.57 and a two-hundred day moving average price of $58.10. Tyson Foods, Inc. has a 1-year low of $54.01 and a 1-year high of $66.88. The firm has a market capitalization of $19.68 billion, a PE ratio of 21.49, a PEG ratio of 0.72 and a beta of 0.60.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.62%. Tyson Foods's payout ratio is currently 77.82%.

Wall Street Analyst Weigh In

A number of research firms have commented on TSN. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group began coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. Stephens dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Finally, Citigroup boosted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $63.11.

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.