Meag Munich Ergo Kapitalanlagegesellschaft MBH Boosts Position in Tyson Foods, Inc. (TSN)
Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 130.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Financial Counselors Inc. grew its position in Tyson Foods by 0.3% in the 2nd quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock valued at $301,000 after purchasing an additional 15 shares during the period. CrestPoint Capital Management LLC boosted its holdings in Tyson Foods by 0.5% during the 2nd quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock worth $1,321,000 after acquiring an additional 100 shares during the last quarter. Montecito Bank & Trust boosted its holdings in Tyson Foods by 3.7% during the 2nd quarter. Montecito Bank & Trust now owns 4,160 shares of the company’s stock worth $260,000 after acquiring an additional 147 shares during the last quarter. Lumbard & Kellner LLC boosted its holdings in Tyson Foods by 0.4% during the 2nd quarter. Lumbard & Kellner LLC now owns 39,875 shares of the company’s stock worth $2,497,000 after acquiring an additional 150 shares during the last quarter. Finally, Quantum Capital Management boosted its holdings in Tyson Foods by 4.3% during the 2nd quarter. Quantum Capital Management now owns 3,863 shares of the company’s stock worth $242,000 after acquiring an additional 161 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $77.00 target price (up from $70.00) on shares of Tyson Foods in a research note on Friday, October 6th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 target price on the stock in a research note on Wednesday, October 4th. Morgan Stanley assumed coverage on Tyson Foods in a research note on Friday, November 3rd. They set an “equal weight” rating and a $76.00 target price on the stock. BidaskClub cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Tyson Foods currently has a consensus rating of “Buy” and a consensus price target of C$69.17.
In other news, CFO Dennis Leatherby sold 145,100 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$65.97, for a total transaction of C$9,572,247.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mikel A. Durham acquired 2,809 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of C$65.77 per share, with a total value of C$184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is currently owned by insiders.
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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. The stock had a trading volume of 2,640,000 shares, compared to its average volume of 1,825,840. Tyson Foods, Inc. has a 52 week low of C$55.72 and a 52 week high of C$74.30. The company has a quick ratio of 0.79, a current ratio of 1.63 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $26,636.80, a price-to-earnings ratio of 15.32 and a beta of 0.30.
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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