ING Groep NV Boosts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

ING Groep NV increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 408.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,591 shares of the company’s stock after purchasing an additional 157,925 shares during the period. ING Groep NV owned approximately 0.06% of Tyson Foods worth $11,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Catalyst Capital Advisors LLC lifted its holdings in Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after buying an additional 561 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Tyson Foods during the second quarter valued at $54,000. Northwest Investment Counselors LLC purchased a new position in Tyson Foods in the third quarter valued at $59,000. Finally, SYSTM Wealth Solutions LLC raised its position in shares of Tyson Foods by 1,566.2% in the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock worth $62,000 after acquiring an additional 1,018 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

TSN opened at $64.01 on Friday. Tyson Foods, Inc. has a twelve month low of $46.51 and a twelve month high of $66.88. The firm has a market capitalization of $22.78 billion, a PE ratio of 28.45, a PEG ratio of 0.40 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $60.09 and its 200 day moving average price is $59.69.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Citigroup cut their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Bank of America reduced their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Stephens boosted their price target on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday. Barclays upped their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.67.

Insiders Place Their Bets

In other news, insider Wes Morris sold 22,783 shares of Tyson Foods stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.05% of the company’s stock.

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.