In today’s session Tyson Foods, Inc. (TSN) registered an unusually high (2,783) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious TSN increase. With 2,783 contracts traded and 56704 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: TSN170120C00075000 closed last at: $1.7 or 2.9% down. About 509,307 shares traded hands. Tyson Foods, Inc. (NYSE:TSN) has declined 1.78% since April 11, 2016 and is downtrending. It has underperformed by 7.92% 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 $367.56M for 15.85 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 7 analysts covering Tyson Foods Inc. (NYSE:TSN), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. $82 is the highest target while $40 is the lowest. The $64.50 average target is -3.05% below today’s ($66.53) stock price. Tyson Foods Inc. has been the topic of 21 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Jefferies initiated the shares of TSN in a report on Wednesday, December 16 with “Buy” rating. The company was initiated on Thursday, April 21 by Argus Research. The rating was maintained by Credit Suisse on Tuesday, November 24 with “Neutral”. As per Monday, October 26, the company rating was downgraded by JP Morgan. The stock of Tyson Foods, Inc. (NYSE:TSN) earned “Outperform” rating by BMO Capital Markets on Tuesday, October 11. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, November 24. The stock of Tyson Foods, Inc. (NYSE:TSN) earned “Buy” rating by Jefferies on Wednesday, July 27. CLSA maintained the stock with “Outperform” rating in Tuesday, August 2 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, February 8 report. The company was downgraded on Thursday, August 6 by Zacks.
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 Q2 2016. 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.
Bnp Paribas Investment last reported 0.16% of its portfolio in the stock. Janus Management Lc accumulated 0.22% or 3.90M shares. The Illinois-based Leonetti Limited Liability has invested 3.12% in Tyson Foods, Inc. (NYSE:TSN). Exane Derivatives accumulated 195,093 shares or 0% of the stock. Moreover, Icon Advisers Communications has 0.09% invested in Tyson Foods, Inc. (NYSE:TSN) for 20,000 shares. Indexiq Advisors Ltd Co has invested 0.12% of its portfolio in Tyson Foods, Inc. (NYSE:TSN). Winslow Evans & Crocker accumulated 0% or 576 shares. Lumbard And Kellner Lc has invested 1.96% of its portfolio in Tyson Foods, Inc. (NYSE:TSN). Tuttle Tactical Mgmt Limited Company has 0.17% invested in the company for 2,824 shares. Old Mutual Customised Solutions (Proprietary), a South Africa-based fund reported 2,700 shares. Hightower Advisors Ltd Liability Co owns 14,639 shares or 0.01% of their US portfolio. Lsv Asset has 0.92% invested in the company for 6.73 million shares. Robeco Institutional Asset Management Bv has invested 0.23% of its portfolio in Tyson Foods, Inc. (NYSE:TSN). Sequoia Finance Advsrs Limited Company owns 49,065 shares or 0.92% of their US portfolio. Van Eck Assoc last reported 788,980 shares in the company.
Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 10 insider sales for $59.66 million net activity. $4.62 million worth of shares were sold by Smith Donald on Wednesday, August 17. On Monday, June 20 Calaway Curt sold $1.59 million worth of the stock or 21,200 shares. 4,500 Tyson Foods, Inc. (NYSE:TSN) shares with value of $337,166 were sold by Thurber Robert C.. King Donnie sold $11.11 million worth of stock. $3.99 million worth of shares were sold by LEATHERBY DENNIS on Monday, June 20. 74,500 Tyson Foods, Inc. (NYSE:TSN) shares with value of $5.55M were sold by White Noel W. $20.97M worth of Tyson Foods, Inc. (NYSE:TSN) was sold by TYSON JOHN H on Wednesday, June 15.
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 news for Tyson Foods, Inc. (NYSE:TSN) were recently published by: Finance.Yahoo.com, which released: “Lawsuit for Investors in Tyson Foods, Inc. (NYSE:TSN) shares announced by …” on October 31, 2016. Prnewswire.com‘s article titled: “Shareholder Class Action Filed Against Tyson Foods, Inc. – TSN” and published on October 21, 2016 is yet another important article.
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