Hormel Foods Corp (NYSE:HRL) Director Terrell K. Crews sold 7,987 shares of Hormel Foods stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $36.50, for a total value of $291,525.50. Following the sale, the director now directly owns 100,569 shares in the company, valued at approximately $3,670,768.50. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Hormel Foods Corp (NYSE:HRL) traded up $0.31 on Friday, hitting $36.77. The stock had a trading volume of 3,320,000 shares, compared to its average volume of 3,040,000. Hormel Foods Corp has a 12 month low of $29.75 and a 12 month high of $37.97. The company has a quick ratio of 1.04, a current ratio of 1.91 and a debt-to-equity ratio of 0.05. The company has a market cap of $19,580.00, a P/E ratio of 23.07, a PEG ratio of 2.35 and a beta of 0.59.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. Hormel Foods had a return on equity of 17.87% and a net margin of 9.24%. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. research analysts expect that Hormel Foods Corp will post 1.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Tuesday, January 16th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, January 12th. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.17. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.04%. Hormel Foods’s payout ratio is 43.31%.

Several analysts have weighed in on HRL shares. BidaskClub downgraded Hormel Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Hormel Foods from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Credit Suisse Group downgraded Hormel Foods from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $39.00 to $33.00 in a research note on Friday, August 25th. Buckingham Research dropped their price objective on Hormel Foods from $37.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, August 25th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $38.00 price objective (down previously from $45.00) on shares of Hormel Foods in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Hormel Foods currently has an average rating of “Hold” and an average target price of $35.50.

Several institutional investors have recently made changes to their positions in the company. Smith Shellnut Wilson LLC ADV raised its position in shares of Hormel Foods by 88.3% during the third quarter. Smith Shellnut Wilson LLC ADV now owns 11,985 shares of the company’s stock worth $385,000 after purchasing an additional 5,621 shares during the period. Americafirst Capital Management LLC acquired a new stake in shares of Hormel Foods during the third quarter worth $649,000. Belpointe Asset Management LLC acquired a new stake in shares of Hormel Foods during the third quarter worth $383,000. IFM Investors Pty Ltd acquired a new stake in shares of Hormel Foods during the third quarter worth $271,000. Finally, Independent Advisor Alliance raised its position in shares of Hormel Foods by 12.4% during the third quarter. Independent Advisor Alliance now owns 20,737 shares of the company’s stock worth $648,000 after purchasing an additional 2,281 shares during the period. 38.33% of the stock is currently owned by institutional investors.

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