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 on Tuesday. Stock investors bought 2,736 call options on the stock. This is an increase of 102% compared to the typical volume of 1,352 call options.

Tyson Foods Stock Performance

Shares of TSN opened at $61.24 on Wednesday. Tyson Foods has a 1 year low of $50.56 and a 1 year high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The stock’s fifty day moving average price is $58.82 and its two-hundred day moving average price is $61.83. The firm has a market cap of $21.56 billion, a PE ratio of 48.22, a PEG ratio of 1.26 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Tyson Foods will post 4.08 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. Tyson Foods’s payout ratio is 160.63%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Stephens raised their price objective on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Sanford C. Bernstein cut their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday, July 2nd. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings downgraded shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $70.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. City Holding Co. purchased a new position in Tyson Foods in the 4th quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after acquiring an additional 198 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Tyson Foods during the first quarter worth $30,000. Basecamp Wealth Advisors LLC boosted its holdings in shares of Tyson Foods by 272.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock worth $30,000 after acquiring an additional 341 shares during the period. Finally, Cedar Mountain Advisors LLC grew its position in shares of Tyson Foods by 293.5% in the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after purchasing an additional 364 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.