Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Decreased by RNC Capital Management LLC

RNC Capital Management LLC cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 526,259 shares of the company’s stock after selling 47,585 shares during the period. RNC Capital Management LLC owned about 0.15% of Tyson Foods worth $30,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group lifted its stake in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after buying an additional 210 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods in the 3rd quarter valued at $36,000. ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods in the 4th quarter worth about $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after purchasing an additional 561 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $57.41 on Friday. The firm has a market cap of $20.43 billion, a PE ratio of 25.51, a PEG ratio of 0.85 and a beta of 0.80. Tyson Foods, Inc. has a 12 month low of $51.16 and a 12 month high of $66.88. The stock has a 50 day moving average of $58.41 and a 200 day moving average of $60.26. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

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

Tyson Foods Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stephens upped their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday. Barclays decreased their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. BMO Capital Markets raised their price target on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Finally, UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.10.

Insider Activity at Tyson Foods

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wes Morris sold 22,783 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total value of $1,428,721.93. Following the transaction, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. This represents a 58.84 % decrease in their position. 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 90 days. Corporate insiders own 2.03% of the company’s stock.

Tyson Foods 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.