Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Tyson Foods Inc. (NYSE:TSN) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 338,096 shares of the company’s stock, valued at approximately $22,514,000. Tyson Foods comprises about 2.0% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings, making the stock its 8th largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned about 0.09% of Tyson Foods as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. Chicago Equity Partners LLC boosted its stake in Tyson Foods by 5.1% in the second quarter. Chicago Equity Partners LLC now owns 466,135 shares of the company’s stock valued at $31,133,000 after buying an additional 22,485 shares in the last quarter. Concert Wealth Management Inc. boosted its stake in Tyson Foods by 30.2% in the second quarter. Concert Wealth Management Inc. now owns 8,011 shares of the company’s stock valued at $535,000 after buying an additional 1,860 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in Tyson Foods by 30.3% in the second quarter. First Citizens Bank & Trust Co. now owns 89,250 shares of the company’s stock valued at $5,961,000 after buying an additional 20,731 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Tyson Foods by 9.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 12,203 shares of the company’s stock valued at $815,000 after buying an additional 1,032 shares in the last quarter. Finally, LMR Partners LLP boosted its stake in Tyson Foods by 62.6% in the second quarter. LMR Partners LLP now owns 39,944 shares of the company’s stock valued at $2,668,000 after buying an additional 15,384 shares in the last quarter. 74.12% of the stock is owned by hedge funds and other institutional investors.

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

Tyson Foods Inc. (NYSE:TSN) traded up 0.01% on Tuesday, reaching $71.56. The company had a trading volume of 1,691,368 shares. Tyson Foods Inc. has a 52-week low of $42.89 and a 52-week high of $77.05. The stock’s 50-day moving average price is $74.07 and its 200 day moving average price is $69.33. The firm has a market capitalization of $27.34 billion, a price-to-earnings ratio of 17.40 and a beta of 0.26.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.32 billion. During the same quarter in the prior year, the company posted $0.80 EPS. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods Inc. will post $4.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Tuesday, November 29th. Tyson Foods’s dividend payout ratio is presently 14.53%.

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut Tyson Foods from a “buy” rating to a “sell” rating in a report on Wednesday, October 12th. Vetr raised Tyson Foods from a “strong sell” rating to a “sell” rating and set a $68.87 price target for the company in a report on Tuesday, October 11th. BMO Capital Markets raised Tyson Foods from a “market perform” rating to an “outperform” rating and increased their price target for the company from $70.50 to $84.00 in a report on Tuesday, October 11th. Pivotal Research cut Tyson Foods from a “buy” rating to a “sell” rating and cut their target price for the stock from $100.00 to $40.00 in a research note on Friday, October 7th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $75.00 target price (up previously from $72.00) on shares of Tyson Foods in a research note on Thursday, August 11th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $68.42.

In other news, Chairman John H. Tyson sold 282,478 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $74.22, for a total transaction of $20,965,517.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Noel W. White sold 74,934 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $75.44, for a total value of $5,653,020.96. The disclosure for this sale can be found here. Insiders own 2.69% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.

5 Day Chart for NYSE:TSN

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