Tyson Foods, Inc. (TSN) Shares Bought by RNC Capital Management LLC

RNC Capital Management LLC lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,925 shares of the company’s stock after acquiring an additional 6,752 shares during the quarter. RNC Capital Management LLC’s holdings in Tyson Foods were worth $6,382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its position in Tyson Foods by 1.9% in the fourth quarter. BlackRock Inc. now owns 20,737,692 shares of the company’s stock worth $1,107,393,000 after purchasing an additional 391,411 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Tyson Foods by 7,093.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,030,741 shares of the company’s stock valued at $169,000 after buying an additional 8,905,199 shares during the last quarter. LSV Asset Management increased its holdings in shares of Tyson Foods by 4.4% during the fourth quarter. LSV Asset Management now owns 6,381,744 shares of the company’s stock valued at $340,785,000 after acquiring an additional 266,687 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Tyson Foods by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 4,527,942 shares of the company’s stock valued at $241,434,000 after acquiring an additional 278,988 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Tyson Foods by 26.1% during the fourth quarter. FMR LLC now owns 3,782,197 shares of the company’s stock valued at $201,970,000 after acquiring an additional 783,862 shares in the last quarter. 70.28% of the stock is currently owned by institutional investors.

In other Tyson Foods news, EVP Scott Rouse sold 2,500 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $64.22, for a total value of $160,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad Roderick Martin sold 8,233 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $62.36, for a total value of $513,409.88. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.

A number of equities research analysts have recently commented on TSN shares. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Tuesday, April 9th. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Sunday, February 17th. Vertical Group upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Mizuho reiterated a “buy” rating and set a $82.00 target price on shares of Tyson Foods in a research report on Friday, February 8th. Finally, ValuEngine upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $71.16.

TSN stock traded up $0.02 during midday trading on Thursday, reaching $73.30. The stock had a trading volume of 2,638 shares, compared to its average volume of 2,773,950. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.34 and a current ratio of 0.85. The firm has a market capitalization of $26.66 billion, a P/E ratio of 11.89, a PEG ratio of 1.34 and a beta of 0.48. Tyson Foods, Inc. has a 52-week low of $49.77 and a 52-week high of $74.03.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Thursday, February 7th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.03. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.33 billion. Tyson Foods had a return on equity of 17.25% and a net margin of 4.86%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 EPS. On average, equities analysts forecast that Tyson Foods, Inc. will post 5.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.375 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.50 dividend on an annualized basis and a yield of 2.05%. Tyson Foods’s payout ratio is currently 24.35%.

TRADEMARK VIOLATION WARNING: “Tyson Foods, Inc. (TSN) Shares Bought by RNC Capital Management LLC” was published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.themarketsdaily.com/2019/04/18/tyson-foods-inc-tsn-shares-bought-by-rnc-capital-management-llc.html.

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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

Further Reading: What is the 52-week high/low?

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.