Nomura Holdings Inc. Takes $541,000 Position in Tyson Foods, Inc. (NYSE:TSN)

Nomura Holdings Inc. purchased a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,420 shares of the company's stock, valued at approximately $541,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew 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 worth $2,051,433,000 after purchasing an additional 325,361 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after acquiring an additional 178,785 shares in the last quarter. Northern Trust Corp boosted its position in shares of Tyson Foods by 2.6% during the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after acquiring an additional 118,402 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after acquiring an additional 427,582 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Tyson Foods during the 4th quarter valued at about $175,086,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSN has been the topic of several recent research reports. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Citigroup lifted their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Finally, Stephens reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $62.63.

Tyson Foods Price Performance

TSN traded up $0.29 during trading on Tuesday, hitting $55.84. The company's stock had a trading volume of 2,141,176 shares, compared to its average volume of 2,399,010. The firm's 50 day moving average price is $59.14 and its two-hundred day moving average price is $59.40. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock has a market capitalization of $19.89 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. During the same quarter in the previous year, the company posted $0.62 EPS. The business's revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.58%. Tyson Foods's dividend payout ratio (DPR) is currently 77.82%.

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.