First Citizens Bank & Trust Co. bought a new stake in shares of Hormel Foods Corp (NYSE:HRL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,980 shares of the company’s stock, valued at approximately $218,000.

Other large investors also recently bought and sold shares of the company. Dupont Capital Management Corp bought a new position in shares of Hormel Foods during the third quarter valued at approximately $100,000. Acrospire Investment Management LLC bought a new position in shares of Hormel Foods during the second quarter valued at approximately $111,000. BB&T Investment Services Inc. bought a new position in shares of Hormel Foods during the second quarter valued at approximately $118,000. Keel Point LLC grew its holdings in shares of Hormel Foods by 2.5% during the second quarter. Keel Point LLC now owns 5,999 shares of the company’s stock valued at $205,000 after purchasing an additional 145 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC bought a new position in shares of Hormel Foods during the second quarter valued at approximately $223,000. 38.11% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $38.00 target price on shares of Hormel Foods in a report on Monday, November 6th. Mizuho reaffirmed a “hold” rating and set a $33.00 target price on shares of Hormel Foods in a report on Wednesday, October 4th. Jefferies Group set a $34.00 target price on Hormel Foods and gave the company a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research raised Hormel Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Credit Suisse Group set a $33.00 price objective on Hormel Foods and gave the stock a “hold” rating in a report on Friday, November 24th. One equities 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. The stock presently has an average rating of “Hold” and an average price target of $35.70.

Hormel Foods Corp (HRL) opened at $34.55 on Tuesday. Hormel Foods Corp has a fifty-two week low of $29.75 and a fifty-two week high of $38.00. The stock has a market capitalization of $18,300.00, a P/E ratio of 22.01, a P/E/G ratio of 2.22 and a beta of 0.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.91 and a quick ratio of 1.04.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 16th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.17%. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, January 12th. Hormel Foods’s dividend payout ratio is 47.77%.

In other Hormel Foods news, Director Elsa A. Murano sold 7,129 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $36.00, for a total value of $256,644.00. Following the completion of the sale, the director now directly owns 90,991 shares in the company, valued at $3,275,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gary Jamison sold 4,169 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $36.48, for a total value of $152,085.12. Following the completion of the sale, the vice president now owns 12,615 shares of the company’s stock, valued at $460,195.20. The disclosure for this sale can be found here. Insiders sold 131,001 shares of company stock valued at $4,612,826 over the last 90 days. 1.48% of the stock is currently owned by insiders.

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Hormel Foods Company Profile

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

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