Hillsdale Investment Management Inc. Has $744,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

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

A number of other hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Tyson Foods by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after buying an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tyson Foods by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after buying an additional 184 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Tyson Foods by 0.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after buying an additional 189 shares in the last quarter. Naples Global Advisors LLC raised its holdings in shares of Tyson Foods by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock worth $1,137,000 after buying an additional 202 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Tyson Foods by 1.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company’s stock worth $1,131,000 after buying an additional 210 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Up 0.1 %

NYSE TSN opened at $60.46 on Monday. The stock has a fifty day moving average of $58.55 and a 200-day moving average of $59.69. The stock has a market capitalization of $21.53 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. UBS Group assumed coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. Citigroup decreased their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Stephens increased their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Profile

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.