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

Tyson Foods, Inc. (NYSE:TSN) was the target of unusually large options trading on Tuesday. Stock traders purchased 5,034 put options on the stock. This is an increase of approximately 100% compared to the typical volume of 2,518 put options.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSN. Stephens boosted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Barclays boosted their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Citigroup decreased their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Price Performance

NYSE TSN traded down $0.56 on Tuesday, reaching $63.22. 201,695 shares of the stock traded hands, compared to its average volume of 2,470,823. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $22.50 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 0.96 and a beta of 0.78. The firm’s fifty day simple moving average is $60.17 and its 200 day simple moving average is $59.90. Tyson Foods has a 12 month low of $46.51 and a 12 month high of $66.88.

Insider Transactions at Tyson Foods

In related news, Director Noel W. White sold 171,057 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the sale, the director now owns 36,179 shares of the company’s stock, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock valued at $26,450,955 in the last 90 days. 2.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Catalyst Capital Advisors LLC boosted its position in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after purchasing an additional 210 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods in the third quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Tyson Foods by 301.6% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of Tyson Foods in the 2nd quarter valued at approximately $54,000. Finally, Northwest Investment Counselors LLC acquired a new position in Tyson Foods in the 3rd quarter worth approximately $59,000. 67.00% of the stock is owned by institutional investors and hedge funds.

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.