RNC Capital Management LLC Decreases Holdings in Tyson Foods, Inc. (NYSE:TSN)

RNC Capital Management LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 526,259 shares of the company’s stock after selling 47,585 shares during the period. RNC Capital Management LLC’s holdings in Tyson Foods were worth $30,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. Bleakley Financial Group LLC raised its stake in Tyson Foods by 11.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,962 shares of the company’s stock worth $285,000 after acquiring an additional 503 shares during the period. Tectonic Advisors LLC boosted its holdings in Tyson Foods by 6.5% during the fourth quarter. Tectonic Advisors LLC now owns 16,131 shares of the company’s stock worth $927,000 after buying an additional 981 shares in the last quarter. Money Concepts Capital Corp boosted its holdings in Tyson Foods by 6.9% during the fourth quarter. Money Concepts Capital Corp now owns 16,084 shares of the company’s stock worth $924,000 after buying an additional 1,041 shares in the last quarter. Lion Street Advisors LLC lifted its position in shares of Tyson Foods by 53.5% in the 4th quarter. Lion Street Advisors LLC now owns 13,701 shares of the company’s stock valued at $787,000 after acquiring an additional 4,775 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Tyson Foods by 40.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,270 shares of the company’s stock valued at $1,580,000 after acquiring an additional 7,908 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the sale, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 414,814 shares of company stock worth $26,450,955 in the last quarter. 2.03% of the stock is currently owned by corporate insiders.

Tyson Foods Trading Up 0.6 %

Shares of Tyson Foods stock opened at $57.41 on Friday. The firm’s 50-day moving average price is $58.41 and its two-hundred day moving average price is $60.26. Tyson Foods, Inc. has a 12-month low of $51.16 and a 12-month high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $20.43 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 0.85 and a beta of 0.80.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. On average, analysts forecast that Tyson Foods, Inc. will post 3.52 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.48%. Tyson Foods’s dividend payout ratio (DPR) is presently 88.89%.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of research analyst reports. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research note on Tuesday. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday. Barclays decreased their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Stephens lifted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Company Profile

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.