Investors Buy Large Volume of Tyson Foods Call Options (TSN)
Shares of Tyson Foods (NYSE:TSN) saw unusually large options trading activity on Monday. Stock investors bought 8,146 call options on the stock, Analyst Ratings Network reports. This represents an increase of approximately 463% compared to the average daily volume of 1,448 call options.
A number of research firms have recently commented on TSN. Analysts at Zacks reiterated a “neutral” rating on shares of Tyson Foods in a research note on Thursday. They now have a $40.00 price target on the stock. Separately, analysts at Miller Tabak upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, July 29th. Finally, analysts at BMO Capital Markets raised their price target on shares of Tyson Foods from $43.00 to $50.00 in a research note on Tuesday, July 29th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.88.
Tyson Foods (NYSE:TSN) traded up 0.51% during mid-day trading on Monday, hitting $37.24. The stock had a trading volume of 6,145,634 shares. Tyson Foods has a 52 week low of $27.33 and a 52 week high of $44.24. The stock has a 50-day moving average of $38.0 and a 200-day moving average of $39.28. The company has a market cap of $13.034 billion and a price-to-earnings ratio of 13.48.
Tyson Foods (NYSE:TSN) last released its earnings data on Monday, July 28th. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.78 by $0.03. The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.47 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts expect that Tyson Foods will post $2.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, November 26th.
Tyson Foods, Inc is a food production company. The Company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.