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.
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%.
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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.
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