Investors Purchase High Volume of Tyson Foods Put Options (NYSE:TSN)

Tyson Foods, Inc. (NYSE:TSN - Get Free Report) was the recipient of unusually large options trading on Monday. Traders acquired 7,293 put options on the stock. This represents an increase of 133% compared to the typical volume of 3,130 put options.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSN. Citigroup lifted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target for the company. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens increased their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Finally, Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $61.78.

Institutional Trading of Tyson Foods

Large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Tyson Foods during the 4th quarter worth about $175,086,000. Pzena Investment Management LLC grew its holdings in shares of Tyson Foods by 10.6% in the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock valued at $846,379,000 after buying an additional 1,271,750 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Tyson Foods by 83.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after buying an additional 551,530 shares in the last quarter. GAMMA Investing LLC raised its stake in Tyson Foods by 5,809.7% during the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock worth $29,459,000 after buying an additional 453,853 shares during the period. Finally, Barclays PLC lifted its holdings in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after acquiring an additional 446,648 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

NYSE:TSN traded down $5.55 during trading hours on Monday, reaching $55.24. The company had a trading volume of 4,522,313 shares, compared to its average volume of 2,505,759. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $60.85 and a two-hundred day moving average of $59.78. Tyson Foods has a one year low of $53.61 and a one year high of $66.88. The firm has a market capitalization of $19.68 billion, a PE ratio of 18.64, a PEG ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company's revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. Analysts forecast that Tyson Foods will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.62%. Tyson Foods's dividend payout ratio is 67.57%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.