Hills Bank & Trust Co. purchased a new position in shares of Hormel Foods Corp (NYSE:HRL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,167 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds also recently bought and sold shares of HRL. Fairpointe Capital LLC acquired a new stake in shares of Hormel Foods during the second quarter worth approximately $113,723,000. Capital International Investors boosted its holdings in shares of Hormel Foods by 28.4% during the third quarter. Capital International Investors now owns 10,634,975 shares of the company’s stock worth $341,808,000 after purchasing an additional 2,350,000 shares during the period. Valueinvest Asset Management S.A. raised its position in Hormel Foods by 29.2% during the third quarter. Valueinvest Asset Management S.A. now owns 6,915,500 shares of the company’s stock valued at $222,264,000 after acquiring an additional 1,563,700 shares in the last quarter. Principal Financial Group Inc. raised its position in Hormel Foods by 264.7% during the third quarter. Principal Financial Group Inc. now owns 1,505,505 shares of the company’s stock valued at $48,387,000 after acquiring an additional 1,092,714 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Hormel Foods by 44.2% during the third quarter. American Century Companies Inc. now owns 3,051,908 shares of the company’s stock valued at $98,088,000 after acquiring an additional 936,053 shares in the last quarter. Institutional investors and hedge funds own 38.11% of the company’s stock.

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

Shares of Hormel Foods Corp (HRL) traded up $0.21 on Tuesday, reaching $34.55. 3,186,500 shares of the company traded hands, compared to its average volume of 3,257,756. Hormel Foods Corp has a 52-week low of $29.75 and a 52-week high of $38.00. The company has a market capitalization of $18,470.00, a price-to-earnings ratio of 22.01, a PEG ratio of 2.22 and a beta of 0.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.91.

Hormel Foods (NYSE:HRL) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Hormel Foods had a net margin of 9.24% and a return on equity of 17.87%. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. research analysts expect that Hormel Foods Corp will post 1.67 EPS for the current year.

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

In other news, Director Elsa A. Murano sold 7,129 shares of Hormel Foods stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $36.00, for a total value of $256,644.00. Following the transaction, the director now owns 90,991 shares of the company’s stock, valued at $3,275,676. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Nakasone sold 3,184 shares of Hormel Foods stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $37.50, for a total transaction of $119,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 131,001 shares of company stock worth $4,612,826. Insiders own 1.48% of the company’s stock.

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About Hormel Foods

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

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