Stock Traders Purchase Large Volume of Call Options on Tyson Foods (NYSE:TSN)

Tyson Foods, Inc. (NYSE:TSN) was the recipient of unusually large options trading activity on Monday. Stock investors acquired 3,760 call options on the company. This represents an increase of approximately 74% compared to the typical volume of 2,162 call options.

Analysts Set New Price Targets

Several brokerages have commented on TSN. Piper Sandler cut shares of Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $57.00 to $50.00 in a research note on Wednesday, September 25th. Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Bank of America decreased their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Trading Up 0.0 %

Shares of NYSE TSN opened at $59.86 on Wednesday. Tyson Foods has a twelve month low of $44.94 and a twelve month high of $66.88. The firm has a market cap of $21.37 billion, a PE ratio of -33.63, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78. The business has a fifty day simple moving average of $61.63 and a two-hundred day simple moving average of $59.66. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. Analysts expect that Tyson Foods will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in Tyson Foods by 13.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after acquiring an additional 198 shares in the last quarter. Ridgewood Investments LLC increased its position in Tyson Foods by 0.8% during the 1st quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock valued at $1,512,000 after buying an additional 199 shares in the last quarter. Unison Advisors LLC raised its stake in Tyson Foods by 0.8% in the second quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock valued at $1,460,000 after buying an additional 214 shares during the last quarter. Caprock Group LLC boosted its holdings in Tyson Foods by 2.5% in the second quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock worth $546,000 after acquiring an additional 235 shares in the last quarter. Finally, WealthTrust Asset Management LLC grew its stake in shares of Tyson Foods by 1.2% during the second quarter. WealthTrust Asset Management LLC now owns 20,363 shares of the company’s stock worth $1,164,000 after acquiring an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

About Tyson Foods

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.