UBS Asset Management Americas Inc. trimmed its position in shares of Hormel Foods Co. (NYSE:HRL) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,593,663 shares of the company’s stock after selling 56,780 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Hormel Foods were worth $120,891,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Inspire Advisors LLC purchased a new stake in Hormel Foods in the 4th quarter valued at approximately $39,000. Riverbridge Partners LLC acquired a new stake in shares of Hormel Foods in the 4th quarter valued at approximately $232,000. Edgestream Partners L.P. purchased a new stake in shares of Hormel Foods during the 4th quarter worth $1,245,000. Royal London Asset Management Ltd. boosted its holdings in Hormel Foods by 0.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 103,768 shares of the company’s stock worth $4,836,000 after buying an additional 820 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Hormel Foods in the fourth quarter valued at about $269,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Argus cut Hormel Foods from a “buy” rating to a “hold” rating in a report on Wednesday, December 9th. Zacks Investment Research raised Hormel Foods from a “sell” rating to a “hold” rating and set a $50.00 price target for the company in a research note on Tuesday, February 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Hormel Foods from $44.00 to $40.00 in a research note on Tuesday, January 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $47.00.

In other news, Director Elsa A. Murano sold 6,000 shares of the firm’s stock in a transaction on Tuesday, April 6th. The stock was sold at an average price of $48.06, for a total transaction of $288,360.00. Following the sale, the director now owns 99,469 shares in the company, valued at $4,780,480.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James N. Sheehan sold 32,400 shares of Hormel Foods stock in a transaction on Friday, February 26th. The shares were sold at an average price of $46.94, for a total value of $1,520,856.00. Following the completion of the sale, the chief financial officer now directly owns 48,730 shares of the company’s stock, valued at approximately $2,287,386.20. The disclosure for this sale can be found here. Insiders sold a total of 131,678 shares of company stock valued at $6,255,814 over the last ninety days. 0.80% of the stock is owned by corporate insiders.

Hormel Foods stock opened at $47.53 on Thursday. The stock has a 50-day moving average price of $47.66 and a 200 day moving average price of $48.00. Hormel Foods Co. has a 52 week low of $43.45 and a 52 week high of $52.97. The stock has a market cap of $25.67 billion, a PE ratio of 28.46, a P/E/G ratio of 4.14 and a beta of -0.06. The company has a current ratio of 2.38, a quick ratio of 1.67 and a debt-to-equity ratio of 0.16.

Hormel Foods (NYSE:HRL) last released its quarterly earnings results on Wednesday, February 17th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Hormel Foods had a net margin of 9.45% and a return on equity of 14.55%. During the same period last year, the company earned $0.45 EPS. On average, equities analysts predict that Hormel Foods Co. will post 1.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Investors of record on Monday, April 12th will be given a dividend of $0.245 per share. The ex-dividend date is Friday, April 9th. This represents a $0.98 dividend on an annualized basis and a yield of 2.06%. Hormel Foods’s dividend payout ratio (DPR) is currently 59.04%.

Hormel Foods Company Profile

Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other.

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

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