Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Increased by State Street Corp

State Street Corp raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,304,869 shares of the company’s stock after buying an additional 859,351 shares during the period. State Street Corp’s holdings in Tyson Foods were worth $792,438,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TSN. Crossmark Global Holdings Inc. boosted its stake in shares of Tyson Foods by 0.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after acquiring an additional 172 shares in the last quarter. Signaturefd LLC boosted its position in shares of Tyson Foods by 6.9% in the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after purchasing an additional 175 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Tyson Foods by 1.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after purchasing an additional 189 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after buying an additional 189 shares during the period. Finally, Empirical Finance LLC lifted its stake in Tyson Foods by 2.1% during the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Insider Activity

In other Tyson Foods news, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the transaction, the chairman now owns 3,003,374 shares in the company, valued at $191,525,159.98. This trade represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. This represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is owned by corporate insiders.

Tyson Foods Price Performance

NYSE TSN opened at $62.64 on Friday. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $22.29 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. Tyson Foods, Inc. has a 12-month low of $49.92 and a 12-month high of $66.88. The company has a 50 day moving average price of $60.82 and a two-hundred day moving average price of $60.13.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Stephens lifted their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. 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 report on Tuesday, October 15th. Citigroup lowered their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Barclays increased their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $60.67.

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.