Hormel Foods Corp. (NYSE:HRL) is scheduled to post its Q416 quarterly earnings results on Tuesday, November 22nd. Analysts expect Hormel Foods Corp. to post earnings of $0.44 per share and revenue of $2.62 billion for the quarter.

Earnings History for Hormel Foods Corp. (NYSE:HRL)

Hormel Foods Corp. (NYSE:HRL) opened at 35.94 on Friday. Hormel Foods Corp. has a 12 month low of $33.70 and a 12 month high of $45.72. The company has a market cap of $19.02 billion, a P/E ratio of 23.34 and a beta of 0.52. The stock has a 50 day moving average of $37.38 and a 200-day moving average of $36.85.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 24th were given a dividend of $0.145 per share. The ex-dividend date of this dividend was Thursday, October 20th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.61%. Hormel Foods Corp.’s payout ratio is presently 37.79%.

A number of research analysts recently issued reports on the stock. Vetr downgraded shares of Hormel Foods Corp. from a “strong-buy” rating to a “buy” rating and set a $42.00 target price on the stock. in a research report on Wednesday, September 28th. Zacks Investment Research downgraded shares of Hormel Foods Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Oppenheimer Holdings Inc. assumed coverage on shares of Hormel Foods Corp. in a research report on Friday, September 16th. They set a “market perform” rating and a $39.00 target price on the stock. Edward Jones upgraded shares of Hormel Foods Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a $43.00 target price on shares of Hormel Foods Corp. in a research report on Tuesday, September 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.78.

In other news, insider Steven G. Binder sold 12,000 shares of the company’s stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $37.98, for a total value of $455,760.00. Following the completion of the sale, the insider now owns 41,622 shares in the company, valued at approximately $1,580,803.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brian Dean Johnson sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $38.00, for a total transaction of $133,000.00. Following the completion of the sale, the vice president now owns 26,119 shares of the company’s stock, valued at approximately $992,522. The disclosure for this sale can be found here. 3.54% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of HRL. Van ECK Associates Corp raised its position in Hormel Foods Corp. by 32.8% in the second quarter. Van ECK Associates Corp now owns 2,734 shares of the company’s stock valued at $100,000 after buying an additional 676 shares during the last quarter. Pacer Advisors Inc. raised its position in Hormel Foods Corp. by 1.9% in the second quarter. Pacer Advisors Inc. now owns 5,478 shares of the company’s stock valued at $200,000 after buying an additional 103 shares during the last quarter. Lombard Odier Asset Management Europe Ltd bought a new position in Hormel Foods Corp. during the third quarter valued at $220,000. Veritable L.P. raised its position in Hormel Foods Corp. by 3.6% in the second quarter. Veritable L.P. now owns 8,478 shares of the company’s stock valued at $310,000 after buying an additional 296 shares during the last quarter. Finally, Accuvest Global Advisors bought a new position in Hormel Foods Corp. during the second quarter valued at $324,000. Hedge funds and other institutional investors own 34.42% of the company’s stock.

About Hormel Foods Corp.

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