Aggressive’ Bearish Options Activity Seen in Tyson Foods, Inc.

 Aggressive' Bearish Options Activity Seen in Tyson Foods, Inc.

In today’s session Tyson Foods, Inc. (TSN) recorded an unusually high (290) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious TSN decrease. With 290 contracts traded and 1784 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: TSN161021P00071500 closed last at: $1.45 or 3.6% up. About 1.39M shares traded hands. Tyson Foods, Inc. (NYSE:TSN) has risen 6.49% since March 14, 2016 and is uptrending. It has outperformed by 0.87% the S&P500.

Analysts await Tyson Foods, Inc. (NYSE:TSN) to report earnings on November, 28. They expect $1.05 EPS, up 26.51% or $0.22 from last year’s $0.83 per share. TSN’s profit will be $383.41 million for 17.04 P/E if the $1.05 EPS becomes a reality. After $1.21 actual EPS 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 7 analysts covering Tyson Foods Inc. (NYSE:TSN), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. Tyson Foods Inc. has been the topic of 21 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 9. Jefferies initiated Tyson Foods, Inc. (NYSE:TSN) on Wednesday, December 16 with “Buy” rating. The firm has “Hold” rating by Zacks given on Thursday, August 6. The rating was maintained by CLSA with “Outperform” on Tuesday, August 2. As per Monday, October 10, the company rating was upgraded by CLSA. The stock of Tyson Foods, Inc. (NYSE:TSN) has “Sector Perform” rating given on Tuesday, May 10 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $53 target price in Tuesday, November 24 report. The firm has “Neutral” rating given on Monday, October 26 by JP Morgan. The rating was initiated by Argus Research on Thursday, April 21 with “Buy”. On Friday, October 7 the stock rating was downgraded by Pivotal Research to “Sell”.

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 increased, 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.
Tocqueville Asset Mgmt Lp has 27,394 shares for 0.02% of their US portfolio. Aperio has 144,236 shares for 0.08% of their US portfolio. The Massachusetts-based Numeric Limited Liability Corp has invested 1.63% in Tyson Foods, Inc. (NYSE:TSN). The Virginia-based Rdl Financial Inc has invested 1.71% in Tyson Foods, Inc. (NYSE:TSN). Assetmark Inc accumulated 15,605 shares or 0.02% of the stock. Quantitative Inv Management Limited Company last reported 0.25% of its portfolio in the stock. Proshare Advsr Lc holds 50,993 shares or 0.04% of its portfolio. The Wisconsin-based Innovations has invested 0.76% in Tyson Foods, Inc. (NYSE:TSN). Andra Ap holds 0.12% of its portfolio in Tyson Foods, Inc. (NYSE:TSN) for 73,100 shares. Old Second Comml Bank Of Aurora, a Illinois-based fund reported 24,159 shares. Meiji Yasuda Asset Mgmt Company Limited owns 13,128 shares or 0.13% of their US portfolio. Johnson Grp Inc Inc last reported 0.34% of its portfolio in the stock. Zacks Mngmt last reported 0.37% of its portfolio in the stock. Moreover, North Star Inv Management has 0.01% invested in Tyson Foods, Inc. (NYSE:TSN) for 690 shares. Ftb Advisors has 84,336 shares for 0.76% of their US portfolio.

Insider Transactions: Since May 4, 2016, the stock had 0 buys, and 11 insider sales for $64.91 million net activity. $2.86M worth of Tyson Foods, Inc. (NYSE:TSN) shares were sold by Smith Donald. 40,000 shares were sold by LEATHERBY DENNIS, worth $2.99M. $1.59 million worth of Tyson Foods, Inc. (NYSE:TSN) was sold by Calaway Curt on Monday, June 20. $5.25 million worth of Tyson Foods, Inc. (NYSE:TSN) shares were sold by VAN BEBBER DAVID L. White Noel W also sold $5.55 million worth of Tyson Foods, Inc. (NYSE:TSN) shares. The insider Thurber Robert C. sold $337,166. $11.11 million worth of shares were sold by King Donnie on Monday, June 20.

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.

More notable recent Tyson Foods, Inc. (NYSE:TSN) news were published by: Nytimes.com which released: “Tyson Foods, a Meat Leader, Invests in Protein Alternatives” on October 10, 2016, also Fool.com with their article: “Why Tyson Foods, Inc. Stock Plunged Today” published on October 07, 2016, Usnews.com published: “Tyson Foods, Inc. Is Recalling Thousands of Pounds of Chicken Nuggets (TSN)” on September 27, 2016. More interesting news about Tyson Foods, Inc. (NYSE:TSN) were released by: Investorplace.com and their article: “3 Big Stock Charts: Mylan NV (MYL), Tyson Foods, Inc. (TSN) and United States …” published on October 11, 2016 as well as Businesswire.com‘s news article titled: “INVESTOR ALERT: Goldberg Law PC Announces an Investigation of Tyson Foods, Inc …” with publication date: October 07, 2016.

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