Tyson Foods, Inc. Stock Price Could Go Up After Today’s Bullish Options Activity


 Tyson Foods, Inc. Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session Tyson Foods, Inc. (TSN) registered an unusually high (100) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious TSN increase. With 100 contracts traded and 88774 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: TSN161021C00075000 closed last at: $1.55 or 6.9% up. About 1.09 million shares traded hands. Tyson Foods, Inc. (NYSE:TSN) has risen 11.98% since March 2, 2016 and is uptrending. It has outperformed by 3.72% the S&P500.

Analysts await Tyson Foods, Inc. (NYSE:TSN) to report earnings on November, 28. They expect $1.05 earnings per share, up 26.51% or $0.22 from last year’s $0.83 per share. TSN’s profit will be $378.43 million for 17.56 P/E if the $1.05 EPS becomes a reality. After $1.21 actual earnings per share reported by Tyson Foods, Inc. for the previous quarter, Wall Street now forecasts -13.22% negative EPS growth.

Tyson Foods, Inc. (NYSE:TSN) Ratings Coverage

Out of 6 analysts covering Tyson Foods Inc. (NYSE:TSN), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Tyson Foods Inc. has been the topic of 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Credit Suisse maintained Tyson Foods, Inc. (NYSE:TSN) rating on Tuesday, November 24. Credit Suisse has “Neutral” rating and $45 price target. The firm has “Market Perform” rating given on Monday, June 6 by BMO Capital Markets. The firm earned “Buy” rating on Thursday, April 21 by Argus Research. The company was maintained on Tuesday, November 24 by RBC Capital Markets. The rating was downgraded by JP Morgan on Monday, October 26 to “Neutral”. The stock of Tyson Foods, Inc. (NYSE:TSN) has “Sector Perform” rating given on Tuesday, May 10 by RBC Capital Markets. The rating was downgraded by Zacks to “Hold” on Thursday, August 6. The rating was maintained by Jefferies with “Buy” on Wednesday, July 27. CLSA maintained the stock with “Outperform” rating in Tuesday, August 2 report. The firm has “Sector Perform” rating given on Tuesday, January 5 by RBC Capital Markets.

According to Zacks Investment Research, “Tyson Foods, Inc. is the world’s largest fully-integrated producer, processor and marketer of chicken and poultry-based food products. Tyson is a comprehensive supplier of value-added chicken products through food service, retail grocery stores, club stores and international distribution channels. Although its core business is chicken, in the United States Tyson is also the second largest maker of corn and flour tortillas under the Mexican Original brand and through its subsidiary Cobb Vantress, the top chicken breeding stock supplier.”

Insitutional Activity: The institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.16, from 0.85 in 2016Q1. The ratio is positive, as 55 funds sold all Tyson Foods, Inc. shares owned while 218 reduced positions. 63 funds bought stakes while 212 increased positions. They now own 265.50 million shares or 2.14% less from 271.31 million shares in 2016Q1.
Louisiana State Employees Retirement owns 19,700 shares or 0.07% of their US portfolio. Neuberger Berman Gru Ltd Co holds 0.01% or 117,164 shares in its portfolio. Primecap Mgmt Ca holds 1.31M shares or 0.09% of its portfolio. Mutual Of America Cap Ltd Llc has 46,761 shares for 0.07% of their US portfolio. Moreover, Voya Inv Limited Com has 0.06% invested in Tyson Foods, Inc. (NYSE:TSN) for 337,966 shares. Wells Fargo Commerce Mn holds 0.04% or 1.62M shares in its portfolio. Intact Investment Management has invested 0.04% of its portfolio in Tyson Foods, Inc. (NYSE:TSN). Canada Pension Plan Investment Board has 0.1% invested in the company for 352,652 shares. Geode Capital Management Lc has invested 0.1% of its portfolio in Tyson Foods, Inc. (NYSE:TSN). Moreover, Liberty Mutual Gp Asset Management has 0.13% invested in Tyson Foods, Inc. (NYSE:TSN) for 53,271 shares. Gabelli Funds Lc holds 116,500 shares or 0.05% of its portfolio. Cleararc Capital accumulated 7,306 shares or 0.09% of the stock. Shelton Capital Mngmt has 6,928 shares for 0.04% of their US portfolio. Los Angeles & Equity reported 100,865 shares or 0.06% of all its holdings. Tcw holds 0.01% or 22,050 shares in its portfolio.

Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 11 sales for $64.91 million net activity. Calaway Curt sold 21,200 shares worth $1.59M. Shares for $5.55M were sold by White Noel W on Monday, June 20. Shares for $4.62 million were sold by Smith Donald. 282,478 shares were sold by TYSON JOHN H, worth $20.97M on Wednesday, June 15. LEATHERBY DENNIS sold $2.99M worth of stock or 40,000 shares. VAN BEBBER DAVID L had sold 70,000 shares worth $5.25 million on Wednesday, May 4. King Donnie also sold $11.11 million worth of Tyson Foods, Inc. (NYSE:TSN) shares.

Tyson Foods, Inc. is a food company

TSN Company Profile

Tyson Foods, Inc., incorporated on January 31, 1986, is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Firm offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Firm operates through four divisions: Chicken, Beef, Pork and Prepared Foods. It operates a vertically integrated chicken production process, which consists of breeding stock, contract growers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients. Through its subsidiary, Cobb-Vantress, Inc. (Cobb), the Company is engaged in supplying poultry breeding stock across the world. It produces a range of fresh, frozen and refrigerated food products.

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