Mirae Asset Global Investments Co. Ltd. Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 30.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,893 shares of the company’s stock after buying an additional 25,606 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Tyson Foods were worth $5,907,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Wetherby Asset Management Inc. boosted its position in shares of Tyson Foods by 5.1% during the first quarter. Wetherby Asset Management Inc. now owns 4,031 shares of the company’s stock valued at $361,000 after buying an additional 196 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Allworth Financial LP boosted its position in Tyson Foods by 26.1% in the fourth quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock worth $64,000 after purchasing an additional 245 shares during the last quarter. Caprock Group LLC boosted its position in Tyson Foods by 2.7% in the third quarter. Caprock Group LLC now owns 9,305 shares of the company’s stock worth $470,000 after purchasing an additional 248 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its position in Tyson Foods by 3.7% in the third quarter. Arete Wealth Advisors LLC now owns 6,999 shares of the company’s stock worth $353,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 2.6 %

TSN stock opened at $57.78 on Monday. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $63.28. The business has a fifty day moving average price of $55.71 and a 200-day moving average price of $52.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. Tyson Foods’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 2.35 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is -79.35%.

Insider Transactions at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the sale, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TSN. StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Citigroup upped their price target on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Barclays upped their price target on Tyson Foods from $50.00 to $53.00 and gave the company an “underweight” rating in a research report on Tuesday, February 6th. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price target for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their price target on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $58.20.

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.