Tyson Foods, Inc. (NYSE:TSN) Stake Raised by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 15.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,973 shares of the company’s stock after purchasing an additional 2,349 shares during the period. Orion Portfolio Solutions LLC’s holdings in Tyson Foods were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. EP Wealth Advisors LLC purchased a new position in shares of Tyson Foods in the third quarter worth approximately $427,000. Kovitz Investment Group Partners LLC boosted its stake in Tyson Foods by 12.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 132,217 shares of the company’s stock worth $7,739,000 after purchasing an additional 14,493 shares during the period. Worldquant Millennium Advisors LLC grew its position in Tyson Foods by 2.3% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 515,985 shares of the company’s stock worth $30,732,000 after purchasing an additional 11,575 shares in the last quarter. Two Sigma Advisers LP raised its stake in Tyson Foods by 20.0% during the 3rd quarter. Two Sigma Advisers LP now owns 978,300 shares of the company’s stock valued at $58,268,000 after purchasing an additional 163,000 shares during the period. Finally, State Street Corp lifted its holdings in shares of Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after purchasing an additional 859,351 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Insider Activity at Tyson Foods

In other news, insider Wes Morris sold 22,783 shares of Tyson Foods 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 sale, the insider now directly owns 15,937 shares in the company, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. This trade represents a 35.28 % 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. Company insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price target 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. Bank of America cut their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Barclays boosted their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Citigroup cut their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Stephens boosted their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Trading Down 1.2 %

Shares of Tyson Foods stock opened at $60.48 on Monday. Tyson Foods, Inc. has a 1 year low of $50.97 and a 1 year high of $66.88. The company’s fifty day simple moving average is $61.09 and its 200-day simple moving average is $60.22. The company has a market cap of $21.52 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 0.91 and a beta of 0.79. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

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.