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GOOGL   2,007.50 (-4.27%)
TSLA   563.00 (-5.84%)
AMZN   2,951.95 (-1.62%)
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BABA   226.69 (-3.08%)
CGC   30.86 (-0.99%)
GE   14.17 (+4.19%)
MU   85.05 (-4.36%)
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AMD   73.96 (-5.81%)
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DIS   201.91 (+6.27%)
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PFE   34.35 (-0.12%)
QQQ   299.94 (-2.83%)
AAPL   116.36 (-4.17%)
MSFT   227.39 (-1.82%)
FB   255.31 (-3.39%)
GOOGL   2,007.50 (-4.27%)
TSLA   563.00 (-5.84%)
AMZN   2,951.95 (-1.62%)
NVDA   463.73 (-6.97%)
BABA   226.69 (-3.08%)
CGC   30.86 (-0.99%)
GE   14.17 (+4.19%)
MU   85.05 (-4.36%)
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AMD   73.96 (-5.81%)
T   29.99 (+1.25%)
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CGC   30.86 (-0.99%)
GE   14.17 (+4.19%)
MU   85.05 (-4.36%)
NIO   35.21 (-7.61%)
AMD   73.96 (-5.81%)
T   29.99 (+1.25%)
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Traders Buy Large Volume of Banco Santander Call Options (NYSE:SAN)

Tuesday, February 23, 2021 | MarketBeat

Banco Santander, S.A. (NYSE:SAN) was the recipient of unusually large options trading on Tuesday. Traders bought 12,418 call options on the stock. This represents an increase of 320% compared to the average daily volume of 2,956 call options.

SAN has been the subject of several analyst reports. Morgan Stanley restated an "overweight" rating on shares of Banco Santander in a research note on Tuesday, December 8th. Keefe, Bruyette & Woods upgraded Banco Santander from a "market perform" rating to an "outperform" rating in a research note on Tuesday, November 10th. UBS Group reiterated a "buy" rating on shares of Banco Santander in a research note on Monday, February 8th. HSBC upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Wednesday, January 20th. Finally, Zacks Investment Research upgraded Banco Santander from a "hold" rating to a "buy" rating and set a $3.50 price target for the company in a research note on Saturday, February 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. The company has a consensus rating of "Buy" and an average target price of $3.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAN. BlackRock Inc. boosted its holdings in shares of Banco Santander by 64.2% during the 4th quarter. BlackRock Inc. now owns 9,570 shares of the bank's stock valued at $30,000 after purchasing an additional 3,743 shares during the last quarter. Arjuna Capital bought a new position in shares of Banco Santander during the 3rd quarter valued at about $31,000. WealthStone Inc. boosted its holdings in shares of Banco Santander by 36.8% during the 3rd quarter. WealthStone Inc. now owns 17,088 shares of the bank's stock valued at $32,000 after purchasing an additional 4,594 shares during the last quarter. Regentatlantic Capital LLC bought a new position in shares of Banco Santander during the 4th quarter valued at about $32,000. Finally, National Asset Management Inc. bought a new position in shares of Banco Santander during the 3rd quarter valued at about $34,000. 1.43% of the stock is owned by institutional investors and hedge funds.

Shares of SAN traded up $0.07 during midday trading on Tuesday, hitting $3.60. 277,692 shares of the company traded hands, compared to its average volume of 7,836,875. The firm has a 50 day moving average of $3.30 and a 200-day moving average of $2.64. Banco Santander has a 52 week low of $1.78 and a 52 week high of $3.89. The stock has a market cap of $62.43 billion, a price-to-earnings ratio of -8.31 and a beta of 1.36. The company has a debt-to-equity ratio of 4.70, a quick ratio of 0.41 and a current ratio of 0.41.

Banco Santander Company Profile

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, used vehicle finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; various cards; debt capital market services; and insurance products.

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7 Food Stocks That Are Leading Through Innovation

It might be easy to dismiss food stocks with so many restaurants still struggling to recover from the global pandemic. But food stocks are a broad category that includes not only the way food is consumed but the way it’s made. In 2020, sustainability and a focus on climate change continue to be important trends in this sector.

Another trend to look at is the ability of companies to deliver food to consumers. It’s not surprising that some of the biggest winners in the pandemic are the restaurants that already had a strong digital presence. Consumers' ability to have a contactless experience from start to finish has been a catalyst for some stocks.

Not surprisingly, those are also the trends that create an opportunity for investors looking to dabble in food stocks. As you look to resetting your portfolio for 2021, it may be time to take a bite out of some of these stocks.

With that in mind, we’ve put together this special presentation that identifies seven food stocks that you should consider adding to your portfolio. In addition to gaining exposure to this sector, some of these stocks present the opportunity for industry-beating gains.

View the "7 Food Stocks That Are Leading Through Innovation".

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