Meag Munich Ergo Kapitalanlagegesellschaft MBH Acquires 136,695 Shares of Tyson Foods, Inc. (TSN)

Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 130.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,411 shares of the company’s stock after purchasing an additional 136,695 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned about 0.07% of Tyson Foods worth $15,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in Tyson Foods by 6,356.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock valued at $155,256,000 after buying an additional 2,440,548 shares during the last quarter. FMR LLC grew its stake in Tyson Foods by 155.4% in the 2nd quarter. FMR LLC now owns 2,010,522 shares of the company’s stock valued at $125,920,000 after buying an additional 1,223,351 shares during the last quarter. Vanguard Group Inc. grew its stake in Tyson Foods by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after buying an additional 900,009 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Tyson Foods by 74.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,989,863 shares of the company’s stock valued at $124,644,000 after buying an additional 846,535 shares during the last quarter. Finally, Koch Industries Inc. grew its stake in Tyson Foods by 13,862.2% in the 2nd quarter. Koch Industries Inc. now owns 776,858 shares of the company’s stock valued at $765,000 after buying an additional 771,294 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

In related news, CFO Dennis Leatherby sold 145,100 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of C$65.97, for a total transaction of C$9,572,247.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of C$0.53, for a total transaction of C$56,849.92. Insiders own 2.65% of the company’s stock.

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Shares of Tyson Foods, Inc. (NYSE:TSN) traded up C$0.32 during midday trading on Friday, hitting C$74.14. 2,640,000 shares of the company’s stock were exchanged, compared to its average volume of 1,825,840. Tyson Foods, Inc. has a one year low of C$55.72 and a one year high of C$74.30. The company has a market capitalization of $26,636.80, a P/E ratio of 15.32 and a beta of 0.30. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.63.

TSN has been the topic of a number of research analyst reports. Mizuho reiterated a “buy” rating and issued a $76.00 target price (up from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. Fundamental Research reiterated a “buy” rating on shares of Tyson Foods in a research note on Thursday, August 17th. BidaskClub upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$69.17.

Tyson Foods Company Profile

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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