Hillsdale Investment Management Inc. Purchases 12,700 Shares of Tyson Foods, Inc. (NYSE:TSN)

Hillsdale Investment Management Inc. increased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5,080.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,950 shares of the company's stock after purchasing an additional 12,700 shares during the quarter. Hillsdale Investment Management Inc.'s holdings in Tyson Foods were worth $744,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Tyson Foods by 65.2% during the fourth quarter. American Century Companies Inc. now owns 126,789 shares of the company's stock valued at $7,283,000 after purchasing an additional 50,055 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in Tyson Foods by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 27,093 shares of the company's stock worth $1,556,000 after buying an additional 8,559 shares during the period. Quantbot Technologies LP lifted its stake in Tyson Foods by 566.9% during the fourth quarter. Quantbot Technologies LP now owns 82,008 shares of the company's stock valued at $4,711,000 after buying an additional 69,711 shares in the last quarter. Sciencast Management LP boosted its holdings in shares of Tyson Foods by 189.9% in the fourth quarter. Sciencast Management LP now owns 52,980 shares of the company's stock worth $3,043,000 after buying an additional 34,705 shares during the period. Finally, Summit Global Investments increased its position in shares of Tyson Foods by 41.1% in the fourth quarter. Summit Global Investments now owns 73,829 shares of the company's stock worth $4,241,000 after acquiring an additional 21,489 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

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Tyson Foods Stock Up 2.7 %

TSN traded up $1.63 during midday trading on Wednesday, hitting $61.58. 1,790,812 shares of the company's stock traded hands, compared to its average volume of 2,151,160. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company has a market cap of $21.94 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The stock's fifty day simple moving average is $58.85 and its 200-day simple moving average is $59.63.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. During the same period in the prior year, the company posted $0.69 earnings per share. Tyson Foods's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.25%. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

Analyst Upgrades and Downgrades

TSN has been the subject of several research analyst reports. Citigroup reduced their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. UBS Group began coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target on the stock. Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Stephens raised their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $61.10.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.