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

Tyson Foods, Inc. (NYSE:TSN) saw unusually large options trading activity on Tuesday. Stock investors purchased 2,736 call options on the stock. This represents an increase of 102% compared to the average volume of 1,352 call options.

Hedge Funds Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in Tyson Foods by 10.3% during the 4th quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock worth $98,000 after acquiring an additional 157 shares during the period. Groupama Asset Managment increased its holdings in shares of Tyson Foods by 1.3% in the first quarter. Groupama Asset Managment now owns 12,562 shares of the company’s stock valued at $805,000 after purchasing an additional 159 shares during the period. IFM Investors Pty Ltd raised its stake in shares of Tyson Foods by 0.4% in the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock worth $2,376,000 after purchasing an additional 159 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of Tyson Foods by 4.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock worth $231,000 after purchasing an additional 166 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TSN. Bank of America reduced their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Weiss Ratings lowered shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. reduced their price objective on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Piper Sandler restated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $70.88.

Tyson Foods Stock Up 3.7%

Shares of Tyson Foods stock traded up $2.25 on Tuesday, reaching $62.96. The stock had a trading volume of 509,650 shares, compared to its average volume of 3,075,730. Tyson Foods has a 1 year low of $50.56 and a 1 year high of $69.48. The company has a 50 day moving average price of $58.92 and a 200 day moving average price of $61.80. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $22.17 billion, a P/E ratio of 49.55, a P/E/G ratio of 1.19 and a beta of 0.40.

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

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. Tyson Foods’s dividend payout ratio is presently 160.63%.

Tyson Foods Company Profile

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.