Albert D Mason Inc. decreased its position in shares of Hormel Foods Corp (NYSE:HRL) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,947 shares of the company’s stock after selling 1,850 shares during the quarter. Hormel Foods accounts for approximately 1.8% of Albert D Mason Inc.’s portfolio, making the stock its 7th largest holding. Albert D Mason Inc.’s holdings in Hormel Foods were worth $2,400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HRL. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Hormel Foods by 8.0% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 46,646 shares of the company’s stock valued at $1,679,000 after acquiring an additional 3,442 shares during the period. Benedict Financial Advisors Inc. grew its stake in Hormel Foods by 91.1% in the 4th quarter. Benedict Financial Advisors Inc. now owns 68,216 shares of the company’s stock valued at $2,482,000 after acquiring an additional 32,514 shares during the period. Stephens Inc. AR grew its stake in Hormel Foods by 5.4% in the 4th quarter. Stephens Inc. AR now owns 42,306 shares of the company’s stock valued at $1,540,000 after acquiring an additional 2,174 shares during the period. Public Employees Retirement Association of Colorado grew its stake in Hormel Foods by 3.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 54,453 shares of the company’s stock valued at $1,982,000 after acquiring an additional 1,715 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in Hormel Foods in the 4th quarter valued at $367,000. 38.24% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Corp (NYSE HRL) opened at $32.74 on Wednesday. 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 firm has a market capitalization of $17,140.00, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.13 and a beta of 0.49. Hormel Foods Corp has a fifty-two week low of $29.75 and a fifty-two week high of $38.00.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.41 billion. Hormel Foods had a return on equity of 17.87% and a net margin of 9.24%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. equities research analysts forecast that Hormel Foods Corp will post 1.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Tuesday, January 16th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.75 dividend on an annualized basis and a yield of 2.29%. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.17. Hormel Foods’s dividend payout ratio (DPR) is presently 47.77%.

A number of equities research analysts recently issued reports on the stock. Credit Suisse Group set a $33.00 price target on shares of Hormel Foods and gave the company a “hold” rating in a research note on Friday, November 24th. Zacks Investment Research raised shares of Hormel Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group set a $34.00 price target on shares of Hormel Foods and gave the company a “hold” rating in a research note on Sunday, October 29th. Barclays set a $40.00 price target on shares of Hormel Foods and gave the company an “overweight” rating in a research note on Friday, December 1st. Finally, Mizuho set a $34.00 price target on shares of Hormel Foods and gave the company a “hold” rating in a research note on Saturday, November 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Hormel Foods presently has an average rating of “Hold” and a consensus target price of $35.70.

In other Hormel Foods news, VP Gary Jamison sold 4,169 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 12,615 shares in the company, valued at approximately $460,195.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James P. Snee sold 7,616 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $34.16, for a total value of $260,162.56. The disclosure for this sale can be found here. Insiders sold a total of 131,001 shares of company stock worth $4,612,826 in the last 90 days. 1.48% of the stock is currently owned by insiders.

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Hormel Foods Company Profile

Hormel Foods Corporation is engaged in the production of a range of meat and food products. The Company operates through four segments: Grocery Products, which is engaged in the processing, marketing and sale of shelf-stable food products sold for the retail market and health and also consists of nutrition products, including Muscle Milk protein products.; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork, beef, chicken and turkey products for retail, foodservice and fresh product customers; Jennie-O Turkey Store (JOTS), which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; and International & Other, which includes Hormel Foods International Corporation, which manufactures, markets and sells the Company products internationally.

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

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