RNC Capital Management LLC cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,045 shares of the company’s stock after selling 2,215 shares during the period. RNC Capital Management LLC’s holdings in Tyson Foods were worth $9,408,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Stevens First Principles Investment Advisors purchased a new position in Tyson Foods during the third quarter valued at approximately $141,000. Sun Life Financial INC grew its position in Tyson Foods by 21,000.0% during the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after purchasing an additional 2,100 shares in the last quarter. Horan Capital Advisors LLC. purchased a new position in Tyson Foods during the third quarter valued at approximately $155,000. Cadence Bank NA purchased a new position in Tyson Foods during the third quarter valued at approximately $200,000. Finally, Newman Dignan & Sheerar Inc. purchased a new position in Tyson Foods during the third quarter valued at approximately $203,000. 71.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at $78.67 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.55 and a quick ratio of 0.75. Tyson Foods, Inc. has a one year low of $57.20 and a one year high of $84.65. The firm has a market cap of $29,380.67, a price-to-earnings ratio of 16.42 and a beta of 0.36.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.05. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. During the same period in the previous year, the company earned $0.96 earnings per share. Tyson Foods’s revenue for the quarter was up 10.8% on a year-over-year basis. research analysts anticipate that Tyson Foods, Inc. will post 5.82 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. Tyson Foods’s payout ratio is presently 25.05%.
In other news, General Counsel Bebber David L. Van sold 164,348 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total value of $13,683,614.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Rouse sold 1,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total transaction of $77,260.00. The disclosure for this sale can be found here. Insiders sold 397,342 shares of company stock valued at $32,702,254 over the last 90 days. 1.55% of the stock is owned by corporate insiders.
Several analysts have commented on TSN shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $77.00 target price (up from $70.00) on shares of Tyson Foods in a research report on Friday, October 6th. Morgan Stanley started coverage on shares of Tyson Foods in a research report on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 target price for the company. Piper Jaffray Companies started coverage on shares of Tyson Foods in a research report on Thursday, January 4th. They issued an “overweight” rating and a $94.00 target price for the company. Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 target price for the company in a research report on Wednesday, October 4th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $75.25.
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Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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