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

Tyson Foods, Inc. (NYSE:TSN) was the recipient of unusually large options trading on Tuesday. Investors bought 5,034 put options on the company. This represents an increase of 100% compared to the typical volume of 2,518 put options.

Insiders Place Their Bets

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the transaction, the general counsel now directly owns 19,260 shares in the company, valued at $1,248,048. The trade was a 35.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the sale, the insider now directly owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tyson Foods

Several hedge funds have recently modified their holdings of the business. Synovus Financial Corp lifted its stake in shares of Tyson Foods by 12.9% in the third quarter. Synovus Financial Corp now owns 6,286 shares of the company’s stock valued at $374,000 after buying an additional 720 shares during the period. Tidal Investments LLC raised its holdings in Tyson Foods by 37.5% in the 3rd quarter. Tidal Investments LLC now owns 47,059 shares of the company’s stock valued at $2,803,000 after acquiring an additional 12,830 shares in the last quarter. Arvest Bank Trust Division acquired a new stake in shares of Tyson Foods during the 3rd quarter worth approximately $270,000. Sanctuary Advisors LLC increased its position in shares of Tyson Foods by 47.0% during the third quarter. Sanctuary Advisors LLC now owns 31,118 shares of the company’s stock valued at $1,984,000 after purchasing an additional 9,947 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Tyson Foods in the third quarter valued at $1,241,000. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on TSN shares. Stephens lifted their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. increased their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets boosted their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Barclays increased their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, Piper Sandler boosted their target price on Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $60.67.

Tyson Foods Stock Performance

NYSE:TSN traded down $0.56 during mid-day trading on Tuesday, hitting $63.22. 201,695 shares of the company’s stock traded hands, compared to its average volume of 2,470,823. The firm has a market capitalization of $22.50 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The firm has a 50 day moving average of $60.17 and a two-hundred day moving average of $59.90. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods has a 12 month low of $46.51 and a 12 month high of $66.88.

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.