Nomura Holdings Inc. Purchases Shares of 9,420 Tyson Foods, Inc. (NYSE:TSN)

Nomura Holdings Inc. bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,420 shares of the company's stock, valued at approximately $541,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its holdings in Tyson Foods by 17.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after purchasing an additional 729 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Tyson Foods by 14.0% in the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after purchasing an additional 6,955 shares during the period. Empowered Funds LLC grew its position in shares of Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after buying an additional 18,059 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Tyson Foods by 14.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock worth $693,000 after acquiring an additional 1,532 shares in the last quarter. Finally, Bristlecone Advisors LLC increased its holdings in Tyson Foods by 63.1% in the fourth quarter. Bristlecone Advisors LLC now owns 28,215 shares of the company's stock valued at $1,621,000 after buying an additional 10,919 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.3%

NYSE:TSN traded up $0.14 during trading hours on Friday, reaching $55.62. 2,629,615 shares of the company were exchanged, compared to its average volume of 2,400,045. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The firm has a market cap of $19.81 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 0.74 and a beta of 0.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The stock has a 50 day simple moving average of $59.34 and a 200 day simple moving average of $59.44.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.60%. Tyson Foods's dividend payout ratio is currently 77.82%.

Wall Street Analyst Weigh In

Several research firms have commented on TSN. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. Stephens decreased 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 report on Tuesday, May 6th. Finally, Citigroup increased their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. 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.com, the stock presently has an average rating of "Hold" and an average price target of $62.63.

About Tyson Foods

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.