2,601 Shares in Hormel Foods Co. (NYSE:HRL) Acquired by YANKCOM Partnership

YANKCOM Partnership acquired a new position in shares of Hormel Foods Co. (NYSE:HRL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,601 shares of the company’s stock, valued at approximately $82,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Greenleaf Trust boosted its stake in shares of Hormel Foods by 4.4% in the 4th quarter. Greenleaf Trust now owns 8,029 shares of the company’s stock valued at $252,000 after purchasing an additional 336 shares during the last quarter. Empower Advisory Group LLC boosted its stake in shares of Hormel Foods by 3.7% in the 3rd quarter. Empower Advisory Group LLC now owns 9,649 shares of the company’s stock valued at $306,000 after purchasing an additional 342 shares during the last quarter. CFS Investment Advisory Services LLC boosted its stake in shares of Hormel Foods by 2.8% in the 4th quarter. CFS Investment Advisory Services LLC now owns 13,445 shares of the company’s stock valued at $422,000 after purchasing an additional 360 shares during the last quarter. New Century Financial Group LLC boosted its stake in shares of Hormel Foods by 6.2% in the 4th quarter. New Century Financial Group LLC now owns 6,738 shares of the company’s stock valued at $211,000 after purchasing an additional 392 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of Hormel Foods by 4.8% in the 3rd quarter. MML Investors Services LLC now owns 9,108 shares of the company’s stock valued at $289,000 after purchasing an additional 416 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on HRL. Citigroup cut their target price on shares of Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Barclays raised shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, BNP Paribas began coverage on shares of Hormel Foods in a research note on Monday, October 21st. They set an “underperform” rating and a $28.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hormel Foods has a consensus rating of “Hold” and a consensus price target of $31.17.

Hormel Foods Stock Down 0.3 %

Hormel Foods stock opened at $29.19 on Friday. Hormel Foods Co. has a 1-year low of $28.51 and a 1-year high of $36.86. The firm has a market capitalization of $16.02 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.82 and a beta of 0.26. The firm’s fifty day moving average price is $31.23 and its two-hundred day moving average price is $31.41. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Hormel Foods (NYSE:HRL) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Hormel Foods had a net margin of 6.75% and a return on equity of 10.95%. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the business posted $0.42 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts predict that Hormel Foods Co. will post 1.66 earnings per share for the current fiscal year.

Hormel Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, January 13th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.97%. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, January 13th. Hormel Foods’s dividend payout ratio (DPR) is 79.45%.

Insider Buying and Selling at Hormel Foods

In other news, VP Steven J. Lykken bought 4,904 shares of the stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $32.47 per share, for a total transaction of $159,232.88. Following the completion of the acquisition, the vice president now directly owns 7,100 shares in the company, valued at approximately $230,537. This trade represents a 223.32 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Hormel Foods Company Profile

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.