Stock Traders Purchase High Volume of Hillshire Brands Put Options (HSH)
Hillshire Brands (NYSE:HSH) was the target of unusually large options trading on Wednesday. Investors purchased 4,174 put options on the stock, Analyst Ratings Net reports. This represents an increase of approximately 899% compared to the typical daily volume of 418 put options.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of Hillshire Brands from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 10th. Separately, analysts at Wells Fargo & Co. downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 10th. Finally, analysts at Sanford C. Bernstein downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Friday, May 30th. They now have a $6.10 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, Hillshire Brands currently has an average rating of “Hold” and an average target price of $35.18.
Shares of Hillshire Brands (NYSE:HSH) traded up 0.05% during mid-day trading on Wednesday, hitting $62.96. 8,081,008 shares of the company’s stock traded hands. Hillshire Brands has a one year low of $30.35 and a one year high of $62.98. The stock’s 50-day moving average is $62.79 and its 200-day moving average is $48.12. The company has a market cap of $7.839 billion and a price-to-earnings ratio of 36.63.
Hillshire Brands (NYSE:HSH) last released its earnings data on Wednesday, August 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $994.10 million. Analysts expect that Hillshire Brands will post $1.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 7th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, August 29th.
The Hillshire Brands Company is a manufacturer and marketer of food products. The Company’s portfolio includes brands, such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells and Gallo Salame.