Tyson Foods Sees Unusually Large Options Volume (NYSE:TSN)

Tyson Foods, Inc. (NYSE:TSN) saw some unusual options trading on Tuesday. Investors bought 5,034 put options on the company. This represents an increase of approximately 100% compared to the typical volume of 2,518 put options.

Wall Street Analyst Weigh In

TSN has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Barclays boosted their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Citigroup lowered their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average target price of $60.67.

Tyson Foods Trading Up 0.0 %

Tyson Foods stock opened at $63.81 on Wednesday. The business has a 50 day moving average price of $60.21 and a two-hundred day moving average price of $59.93. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods has a 12 month low of $46.51 and a 12 month high of $66.88. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78.

Insider Activity

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. The trade was a 35.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the sale, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 414,814 shares of company stock worth $26,450,955. Insiders own 2.05% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC boosted its holdings in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after purchasing an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods in the 3rd quarter valued at $36,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares during the period. Hantz Financial Services Inc. acquired a new position in Tyson Foods during the second quarter worth $54,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Tyson Foods during the third quarter valued at $59,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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.