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

RNC Capital Management LLC decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 30.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 459,935 shares of the company’s stock after selling 202,159 shares during the period. RNC Capital Management LLC’s holdings in Tyson Foods were worth $24,722,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Check Capital Management Inc. CA purchased a new position in shares of Tyson Foods during the 3rd quarter valued at $204,000. Rafferty Asset Management LLC lifted its stake in shares of Tyson Foods by 11.1% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock valued at $1,074,000 after buying an additional 2,129 shares in the last quarter. Markel Group Inc. lifted its stake in Tyson Foods by 28.3% in the 3rd quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock worth $29,158,000 after purchasing an additional 127,500 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in Tyson Foods in the 3rd quarter worth $5,421,000. Finally, ING Groep NV lifted its stake in Tyson Foods by 262.1% in the 3rd quarter. ING Groep NV now owns 35,836 shares of the company’s stock worth $1,809,000 after purchasing an additional 25,938 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TSN shares. Piper Sandler boosted their price target on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Barclays boosted their price target on shares of Tyson Foods from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 6th. BMO Capital Markets boosted their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. Stephens reiterated an “overweight” rating and issued a $70.00 price target on shares of Tyson Foods in a research note on Tuesday, February 6th. Finally, Citigroup began coverage on shares of Tyson Foods in a research report on Thursday, February 1st. They set a “neutral” rating and a $56.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $57.60.

Insider Transactions at Tyson Foods

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

Tyson Foods Price Performance

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

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.33%. Tyson Foods’s payout ratio is presently -79.35%.

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.