Hormel Foods Corp (NYSE:HRL) VP Gary Jamison sold 570 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $36.86, for a total transaction of $21,010.20. Following the completion of the transaction, the vice president now owns 7,876 shares in the company, valued at $290,309.36. The sale was disclosed in a filing with the SEC, which is available through this link.

Gary Jamison also recently made the following trade(s):

  • On Thursday, November 30th, Gary Jamison sold 4,169 shares of Hormel Foods stock. The stock was sold at an average price of $36.48, for a total transaction of $152,085.12.

Hormel Foods Corp (NYSE:HRL) traded up $0.31 during midday trading on Friday, hitting $37.24. 1,206,310 shares of the company’s stock were exchanged, compared to its average volume of 2,924,099. The stock has a market capitalization of $19,656.32, a PE ratio of 23.57, a P/E/G ratio of 2.42 and a beta of 0.65. Hormel Foods Corp has a fifty-two week low of $29.75 and a fifty-two week high of $38.00. The company has a current ratio of 1.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Hormel Foods had a net margin of 9.24% and a return on equity of 17.87%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. sell-side analysts forecast that Hormel Foods Corp will post 1.65 earnings per share for the current year.

The business also recently declared 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 is Friday, January 12th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.01%. This is a boost from Hormel Foods’s previous quarterly dividend of $0.17. Hormel Foods’s dividend payout ratio (DPR) is currently 43.04%.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dupont Capital Management Corp purchased a new position in shares of Hormel Foods in the third quarter worth about $100,000. Acrospire Investment Management LLC acquired a new position in Hormel Foods in the second quarter valued at about $111,000. BB&T Investment Services Inc. acquired a new position in Hormel Foods in the second quarter valued at about $118,000. Bronfman E.L. Rothschild L.P. lifted its stake in Hormel Foods by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,766 shares of the company’s stock valued at $163,000 after buying an additional 19 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Hormel Foods in the second quarter valued at about $189,000. 38.33% of the stock is owned by institutional investors and hedge funds.

HRL has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Hormel Foods from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. BidaskClub raised shares of Hormel Foods from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Credit Suisse Group cut shares of Hormel Foods from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $39.00 to $33.00 in a research report on Friday, August 25th. Buckingham Research lowered their price target on shares of Hormel Foods from $37.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, August 25th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $38.00 price target (down previously from $45.00) on shares of Hormel Foods in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Hormel Foods currently has a consensus rating of “Hold” and an average price target of $35.50.

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Hormel Foods Company Profile

Insider Buying and Selling by Quarter for Hormel Foods (NYSE:HRL)

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