Resona Asset Management Co. Ltd. Has $8.96 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Resona Asset Management Co. Ltd. grew its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,691 shares of the company's stock after buying an additional 6,091 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Tyson Foods were worth $8,958,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TSN. Davis Selected Advisers increased its position in Tyson Foods by 51.9% during the 1st quarter. Davis Selected Advisers now owns 4,679,582 shares of the company's stock worth $298,604,000 after buying an additional 1,598,896 shares during the period. Pacer Advisors Inc. increased its position in Tyson Foods by 4,207.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company's stock worth $104,344,000 after buying an additional 1,597,272 shares during the period. Pzena Investment Management LLC increased its position in Tyson Foods by 10.6% during the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after buying an additional 1,271,750 shares during the period. Nuveen LLC bought a new position in Tyson Foods during the 1st quarter worth $41,582,000. Finally, GAMMA Investing LLC increased its position in Tyson Foods by 5,809.7% during the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock worth $29,459,000 after buying an additional 453,853 shares during the period. Institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TSN. JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Sanford C. Bernstein cut Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $74.00 to $59.00 in a research report on Wednesday, July 23rd. JP Morgan Cazenove decreased their price target on Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, July 7th. Finally, The Goldman Sachs Group began coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.33.

Tyson Foods Stock Performance

NYSE:TSN opened at $56.31 on Friday. The stock's 50-day simple moving average is $54.97 and its 200 day simple moving average is $57.56. The firm has a market capitalization of $20.03 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 0.79 and a beta of 0.59. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a twelve month low of $51.85 and a twelve month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%. The business had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. During the same period last year, the firm posted $0.87 earnings per share. Tyson Foods's revenue was up 4.0% compared to the same quarter last year. On average, analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods announced that its Board of Directors has approved a share buyback plan on Thursday, August 7th that permits the company to buyback 43,000,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's dividend payout ratio (DPR) is presently 90.91%.

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.

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