Tyson Foods Target of Unusually Large Options Trading (NYSE:TSN)

Tyson Foods, Inc. (NYSE:TSN) was the recipient of some unusual options trading on Tuesday. Stock investors bought 5,034 put options on the company. This represents an increase of approximately 100% compared to the typical daily volume of 2,518 put options.

Insider Activity at Tyson Foods

In related news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the transaction, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 over the last quarter. Insiders own 2.05% of the company’s stock.

Institutional Trading of Tyson Foods

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

Tyson Foods Stock Up 1.0 %

Shares of NYSE:TSN opened at $64.44 on Thursday. Tyson Foods has a 52-week low of $46.51 and a 52-week high of $66.88. The stock has a market cap of $22.93 billion, a P/E ratio of 28.64, a PEG ratio of 0.96 and a beta of 0.78. The business has a fifty day moving average of $60.26 and a two-hundred day moving average of $59.96. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TSN shares. Bank of America cut their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Citigroup reduced their price target on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Stephens upped their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler lifted their price target on shares of Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.67.

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.