Tyson Foods, Inc. $TSN Shares Bought by Nomura Asset Management Co. Ltd.

by · The Cerbat Gem

Nomura Asset Management Co. Ltd. increased its position in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) by 7.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,075 shares of the company’s stock after buying an additional 7,445 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Tyson Foods were worth $5,710,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in Tyson Foods by 70.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company’s stock worth $3,195,000 after purchasing an additional 23,625 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Tyson Foods by 66.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company’s stock valued at $18,604,000 after purchasing an additional 132,947 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in Tyson Foods by 128.9% during the second quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock worth $3,051,000 after buying an additional 30,713 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Tyson Foods by 3.4% during the second quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock worth $766,865,000 after buying an additional 444,648 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Tyson Foods by 7.9% during the second quarter. Public Employees Retirement System of Ohio now owns 93,491 shares of the company’s stock worth $5,230,000 after buying an additional 6,875 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TSN shares. Santander started coverage on Tyson Foods in a report on Thursday, September 25th. They set a “neutral” rating on the stock. Bank of America reduced their target price on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 target price on the stock. BMO Capital Markets raised their price target on shares of Tyson Foods from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, November 11th. Finally, Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average price target of $60.75.

Get Our Latest Research Report on TSN

Tyson Foods Trading Up 1.8%

NYSE TSN opened at $53.64 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. The firm has a market cap of $19.08 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 0.85 and a beta of 0.56. The firm has a 50 day simple moving average of $53.12 and a 200-day simple moving average of $54.67. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $64.72.

Tyson Foods (NYSE:TSN – Get Free Report) last released its earnings results on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. During the same period in the prior year, the business earned $0.92 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Tyson Foods has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, February 27th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio (DPR) is 153.38%.

Tyson Foods declared that its Board of Directors has approved a share repurchase program on Thursday, August 7th that permits the company to buyback 43,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Tyson Foods Profile

(Free Report)

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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