Hormel Foods Corporation (NYSE:HRL) saw unusually large options trading on Wednesday. Traders acquired 4,195 call options on the company. This is an increase of approximately 896% compared to the typical volume of 421 call options.

A number of research firms have recently weighed in on HRL. BMO Capital Markets reissued a “buy” rating and set a $38.00 target price on shares of Hormel Foods Corporation in a report on Monday, November 6th. Mizuho reissued a “hold” rating and set a $33.00 target price on shares of Hormel Foods Corporation in a report on Wednesday, October 4th. Barclays PLC dropped their price target on Hormel Foods Corporation from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Friday, August 25th. Zacks Investment Research raised Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Finally, BidaskClub raised Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Hormel Foods Corporation has an average rating of “Hold” and an average price target of $34.90.

Hormel Foods Corporation (NYSE HRL) opened at $34.41 on Friday. The company has a market capitalization of $18,160.00, a PE ratio of 21.69, a P/E/G ratio of 2.22 and a beta of 0.59. Hormel Foods Corporation has a 52 week low of $29.75 and a 52 week high of $37.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.91 and a quick ratio of 1.37.

Hormel Foods Corporation (NYSE:HRL) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.41 billion. Hormel Foods Corporation had a return on equity of 17.87% and a net margin of 9.24%. Hormel Foods Corporation’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. equities analysts expect that Hormel Foods Corporation will post 1.65 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 16th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Friday, January 12th. This is an increase from Hormel Foods Corporation’s previous quarterly dividend of $0.17. Hormel Foods Corporation’s payout ratio is 43.31%.

In other news, insider Donald H. Kremin sold 100,000 shares of Hormel Foods Corporation stock in a transaction on Monday, September 11th. The stock was sold at an average price of $31.66, for a total transaction of $3,166,000.00. Following the completion of the sale, the insider now owns 887 shares of the company’s stock, valued at $28,082.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Morrison sold 24,814 shares of Hormel Foods Corporation stock in a transaction on Friday, October 13th. The stock was sold at an average price of $31.81, for a total value of $789,333.34. The disclosure for this sale can be found here. Insiders have sold 194,518 shares of company stock valued at $6,132,366 in the last three months. Insiders own 3.54% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. grew its position in Hormel Foods Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,766 shares of the company’s stock valued at $163,000 after acquiring an additional 19 shares during the last quarter. ING Groep NV grew its position in Hormel Foods Corporation by 0.4% in the second quarter. ING Groep NV now owns 13,807 shares of the company’s stock valued at $471,000 after acquiring an additional 53 shares during the last quarter. FineMark National Bank & Trust grew its position in Hormel Foods Corporation by 0.8% in the second quarter. FineMark National Bank & Trust now owns 10,506 shares of the company’s stock valued at $358,000 after acquiring an additional 80 shares during the last quarter. Cadence Capital Management LLC grew its position in Hormel Foods Corporation by 1.0% in the second quarter. Cadence Capital Management LLC now owns 9,922 shares of the company’s stock valued at $338,000 after acquiring an additional 98 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Hormel Foods Corporation by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the company’s stock valued at $570,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 38.17% of the company’s stock.

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Hormel Foods Corporation Company Profile

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