Investors Buy High Volume of Tyson Foods Call Options (NYSE:TSN)

Tyson Foods, Inc. (NYSE:TSN) was the target of some unusual options trading on Tuesday. Traders acquired 2,736 call options on the stock. This is an increase of 102% compared to the average volume of 1,352 call options.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new stake in shares of Tyson Foods during the first quarter valued at approximately $30,000. Basecamp Wealth Advisors LLC lifted its position in Tyson Foods by 272.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 341 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in Tyson Foods by 293.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after purchasing an additional 364 shares during the last quarter. City Holding Co. purchased a new stake in Tyson Foods during the 4th quarter valued at $29,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after purchasing an additional 198 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TSN shares. Stephens increased their target price on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Sanford C. Bernstein lowered their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research report on Thursday, July 2nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.88.

Tyson Foods Stock Down 1.0%

TSN stock traded down $0.61 on Thursday, reaching $60.43. 840,996 shares of the company traded hands, compared to its average volume of 3,088,793. The firm has a fifty day simple moving average of $58.71 and a 200-day simple moving average of $61.86. The company has a market cap of $21.28 billion, a P/E ratio of 47.56, a price-to-earnings-growth ratio of 1.27 and a beta of 0.40. Tyson Foods has a one year low of $50.56 and a one year high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts anticipate that Tyson Foods will post 4.08 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is 160.63%.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.