RNC Capital Management LLC Sells 202,159 Shares of Tyson Foods, Inc. (NYSE:TSN)

RNC Capital Management LLC lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 30.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 459,935 shares of the company’s stock after selling 202,159 shares during the period. RNC Capital Management LLC owned 0.13% of Tyson Foods worth $24,722,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after purchasing an additional 2,239,235 shares during the last quarter. State Street Corp increased its stake in shares of Tyson Foods by 1.8% in the 1st quarter. State Street Corp now owns 14,557,461 shares of the company’s stock valued at $1,304,785,000 after purchasing an additional 264,159 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Tyson Foods by 2.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock valued at $491,224,000 after purchasing an additional 200,586 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Tyson Foods by 97.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company’s stock valued at $561,869,000 after purchasing an additional 4,669,457 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Tyson Foods by 16.1% in the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after purchasing an additional 1,034,915 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.05% of the stock is owned by company insiders.

Tyson Foods Stock Up 1.1 %

Shares of TSN opened at $58.81 on Thursday. The company has a market capitalization of $20.96 billion, a PE ratio of -23.81, a PEG ratio of 0.46 and a beta of 0.76. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average price is $54.61 and its two-hundred day moving average price is $51.62. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $63.28.

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

Tyson Foods Announces Dividend

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 3.33%. The ex-dividend date is Friday, May 31st. Tyson Foods’s dividend payout ratio is -79.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. Piper Sandler boosted their price objective on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Barclays boosted their price objective on Tyson Foods from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 6th. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Citigroup assumed coverage on Tyson Foods in a research report on Thursday, February 1st. They set a “neutral” rating and a $56.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $57.60.

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.