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

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) saw some unusual options trading activity on Monday. Stock traders bought 3,760 call options on the company. This represents an increase of 74% compared to the typical volume of 2,162 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TSN shares. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. Citigroup cut their price objective on shares of Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Bank of America cut their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. Piper Sandler lowered shares of Tyson Foods from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. Finally, Barclays raised their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $59.00.

Institutional Trading of Tyson Foods

Several large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings 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 boosted its holdings in Tyson Foods by 0.8% in the first quarter. Ridgewood Investments LLC now owns 25,741 shares of the company's stock valued at $1,512,000 after acquiring an additional 199 shares in the last quarter. Unison Advisors LLC boosted its holdings in shares of Tyson Foods by 0.8% during the 2nd 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 in the last quarter. Caprock Group LLC boosted its holdings in shares of Tyson Foods by 2.5% during the 2nd quarter. Caprock Group LLC now owns 9,556 shares of the company's stock valued at $546,000 after buying an additional 235 shares in the last quarter. Finally, WealthTrust Asset Management LLC boosted its holdings in shares of Tyson Foods by 1.2% during the 2nd quarter. WealthTrust Asset Management LLC now owns 20,363 shares of the company's stock valued at $1,164,000 after buying an additional 242 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of TSN stock traded up $1.02 during trading hours on Monday, hitting $59.85. 1,574,762 shares of the company's stock were exchanged, compared to its average volume of 2,484,384. The company has a market capitalization of $21.37 billion, a PE ratio of -33.05, a PEG ratio of 0.34 and a beta of 0.78. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $66.88. The business's 50 day simple moving average is $61.72 and its 200-day simple moving average is $59.64. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the previous year, the firm earned $0.15 earnings per share. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Tyson Foods will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods's dividend payout ratio (DPR) is currently -110.11%.

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.