ING Groep NV Decreases Stake in Tyson Foods, Inc. (NYSE:TSN)

ING Groep NV cut its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 46.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,228 shares of the company's stock after selling 16,608 shares during the period. ING Groep NV's holdings in Tyson Foods were worth $1,034,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TSN. Pzena Investment Management LLC acquired a new position in Tyson Foods during the third quarter worth about $274,707,000. Jacobs Levy Equity Management Inc. acquired a new stake in Tyson Foods during the third quarter worth approximately $77,574,000. Royal London Asset Management Ltd. raised its holdings in shares of Tyson Foods by 196.2% during the third quarter. Royal London Asset Management Ltd. now owns 1,904,569 shares of the company's stock valued at $96,200,000 after purchasing an additional 1,261,583 shares during the period. FMR LLC lifted its holdings in shares of Tyson Foods by 16.1% in the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company's stock worth $376,096,000 after purchasing an additional 1,034,915 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Tyson Foods during the 3rd quarter worth approximately $18,659,000. Institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TSN shares. Citigroup boosted their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the company a "neutral" rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group raised their target price on Tyson Foods from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 17th. Bank of America upgraded shares of Tyson Foods from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. Stephens restated an "overweight" rating and issued a $70.00 target price on shares of Tyson Foods in a research note on Tuesday, February 6th. Finally, Barclays raised Tyson Foods from an "underweight" rating to an "overweight" rating and boosted their price objective for the stock from $53.00 to $69.00 in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $60.22.

Tyson Foods Trading Up 0.0 %

Shares of TSN stock traded up $0.02 during trading hours on Thursday, reaching $60.32. The company's stock had a trading volume of 3,382,057 shares, compared to its average volume of 2,848,316. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $21.53 billion, a P/E ratio of -33.71, a P/E/G ratio of 0.46 and a beta of 0.74. The firm's fifty day simple moving average is $59.21 and its 200 day simple moving average is $54.65. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $62.04.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. During the same quarter in the previous year, the firm posted ($0.04) EPS. The company's revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts expect that Tyson Foods, Inc. will post 2.47 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods's payout ratio is presently -110.11%.

Tyson Foods 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.