Teachers Advisors LLC lifted its stake in shares of Hormel Foods Corporation (NYSE:HRL) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 444,523 shares of the company’s stock after acquiring an additional 48,532 shares during the period. Teachers Advisors LLC owned 0.08% of Hormel Foods Corporation worth $15,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Hormel Foods Corporation by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 30,268,756 shares of the company’s stock worth $1,048,207,000 after acquiring an additional 1,608,528 shares during the period. State Street Corp increased its position in shares of Hormel Foods Corporation by 93.3% during the 1st quarter. State Street Corp now owns 30,094,045 shares of the company’s stock worth $1,042,171,000 after purchasing an additional 14,529,149 shares during the last quarter. BlackRock Inc. increased its position in shares of Hormel Foods Corporation by 1,105.9% during the 1st quarter. BlackRock Inc. now owns 18,991,436 shares of the company’s stock worth $657,673,000 after purchasing an additional 17,416,591 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Hormel Foods Corporation by 3.3% during the 2nd quarter. APG Asset Management N.V. now owns 5,165,938 shares of the company’s stock worth $176,210,000 after purchasing an additional 162,900 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Hormel Foods Corporation by 7.0% during the 1st quarter. Geode Capital Management LLC now owns 2,874,523 shares of the company’s stock worth $99,413,000 after purchasing an additional 187,886 shares during the last quarter. Institutional investors and hedge funds own 38.95% of the company’s stock.

Hormel Foods Corporation (NYSE HRL) opened at 31.33 on Thursday. The firm has a 50-day moving average price of $32.60 and a 200 day moving average price of $33.86. The firm has a market capitalization of $16.54 billion, a P/E ratio of 19.34 and a beta of 0.58. Hormel Foods Corporation has a 52-week low of $30.50 and a 52-week high of $38.84.

Hormel Foods Corporation (NYSE:HRL) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Hormel Foods Corporation had a return on equity of 18.90% and a net margin of 9.38%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 earnings per share. Analysts forecast that Hormel Foods Corporation will post $1.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd will be issued a $0.17 dividend. The ex-dividend date is Friday, October 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.17%. Hormel Foods Corporation’s dividend payout ratio (DPR) is 41.98%.

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In other news, VP James N. Sheehan sold 35,704 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $30.87, for a total value of $1,102,182.48. Following the transaction, the vice president now directly owns 60,000 shares in the company, valued at approximately $1,852,200. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven G. Binder sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $32.00, for a total value of $480,000.00. Following the completion of the transaction, the insider now owns 26,838 shares in the company, valued at $858,816. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,843 shares of company stock worth $5,715,409. Company insiders own 3.54% of the company’s stock.

A number of analysts recently issued reports on the company. Mizuho assumed coverage on Hormel Foods Corporation in a research report on Wednesday, June 7th. They set a “neutral” rating and a $35.00 price objective for the company. Jefferies Group LLC reissued a “hold” rating and set a $34.00 price objective on shares of Hormel Foods Corporation in a research report on Monday, June 12th. Stephens reissued an “overweight” rating and set a $50.00 price objective on shares of Hormel Foods Corporation in a research report on Friday, June 16th. Zacks Investment Research raised Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, BidaskClub raised Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Hormel Foods Corporation currently has a consensus rating of “Hold” and a consensus price target of $38.30.

Hormel Foods Corporation Company Profile

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Institutional Ownership by Quarter for Hormel Foods Corporation (NYSE:HRL)

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