Tyson Foods, Inc. (NYSE:TSN) Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC lowered its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 526,259 shares of the company's stock after selling 47,585 shares during the period. RNC Capital Management LLC owned approximately 0.15% of Tyson Foods worth $30,228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at $1,284,000. Czech National Bank raised its stake in shares of Tyson Foods by 6.8% during the 3rd quarter. Czech National Bank now owns 58,224 shares of the company's stock valued at $3,468,000 after buying an additional 3,717 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Tyson Foods by 24.8% in the third quarter. GAMMA Investing LLC now owns 6,596 shares of the company's stock valued at $393,000 after acquiring an additional 1,311 shares during the period. Mather Group LLC. grew its position in Tyson Foods by 46.5% during the third quarter. Mather Group LLC. now owns 2,300 shares of the company's stock valued at $137,000 after buying an additional 730 shares during the period. Finally, CWM LLC increased its holdings in Tyson Foods by 11.5% in the third quarter. CWM LLC now owns 6,115 shares of the company's stock valued at $364,000 after buying an additional 630 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSN shares. Bank of America lowered their price target on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. UBS Group began coverage on Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective on the stock. BMO Capital Markets increased their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. Stephens upped their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Finally, HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and a consensus price target of $61.10.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the transaction, the director now directly owns 36,179 shares in the company, valued at $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Wes Morris sold 22,783 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the sale, the insider now owns 15,937 shares of the company's stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 over the last three months. Insiders own 2.03% of the company's stock.

Tyson Foods Trading Down 0.9 %

TSN stock traded down $0.50 during midday trading on Monday, hitting $57.45. 896,412 shares of the company's stock were exchanged, compared to its average volume of 2,363,503. The company has a current ratio of 2.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $20.46 billion, a PE ratio of 19.42, a P/E/G ratio of 0.72 and a beta of 0.80. The business has a 50-day simple moving average of $58.14 and a two-hundred day simple moving average of $60.24. Tyson Foods, Inc. has a 1-year low of $51.16 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last released 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. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. During the same period in the previous year, the firm posted $0.69 EPS. Tyson Foods's revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

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.