Hormel Foods Corp. (NYSE:HRL) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the company. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $40.57.

Several research analysts have recently weighed in on HRL shares. Vetr cut shares of Hormel Foods Corp. from a “strong-buy” rating to a “buy” rating and set a $42.00 price target on the stock. in a report on Monday, October 10th. Zacks Investment Research cut shares of Hormel Foods Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 2nd. Jefferies Group reaffirmed a “hold” rating on shares of Hormel Foods Corp. in a report on Wednesday, August 3rd. Oppenheimer Holdings Inc. started coverage on shares of Hormel Foods Corp. in a report on Friday, September 16th. They issued a “market perform” rating and a $39.00 price target on the stock. Finally, Edward Jones raised shares of Hormel Foods Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th.

In other Hormel Foods Corp. news, VP Brian Dean Johnson sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $38.00, for a total transaction of $133,000.00. Following the completion of the sale, the vice president now directly owns 26,119 shares in the company, valued at $992,522. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven G. Binder sold 12,000 shares of the company’s stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $37.98, for a total transaction of $455,760.00. Following the sale, the insider now owns 41,622 shares of the company’s stock, valued at $1,580,803.56. The disclosure for this sale can be found here. Company insiders own 3.54% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HRL. Van ECK Associates Corp raised its stake in Hormel Foods Corp. by 32.8% in the second quarter. Van ECK Associates Corp now owns 2,734 shares of the company’s stock valued at $100,000 after buying an additional 676 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in Hormel Foods Corp. by 3.8% in the second quarter. Checchi Capital Advisers LLC now owns 2,762 shares of the company’s stock valued at $101,000 after buying an additional 100 shares during the last quarter. Global X Management Co. LLC raised its stake in Hormel Foods Corp. by 192.9% in the second quarter. Global X Management Co. LLC now owns 2,794 shares of the company’s stock valued at $102,000 after buying an additional 1,840 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in Hormel Foods Corp. by 285.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,380 shares of the company’s stock valued at $124,000 after buying an additional 2,504 shares during the last quarter. Finally, Huntington National Bank raised its stake in Hormel Foods Corp. by 40.0% in the second quarter. Huntington National Bank now owns 3,500 shares of the company’s stock valued at $128,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 33.38% of the company’s stock.

Hormel Foods Corp. (NYSE:HRL) opened at 34.24 on Monday. The firm has a market capitalization of $18.11 billion, a P/E ratio of 20.88 and a beta of 0.52. Hormel Foods Corp. has a one year low of $33.70 and a one year high of $45.72. The firm’s 50-day moving average price is $36.88 and its 200 day moving average price is $36.60.

Hormel Foods Corp. (NYSE:HRL) last posted its earnings results on Tuesday, November 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.01. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Hormel Foods Corp. had a return on equity of 20.56% and a net margin of 9.35%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. On average, equities analysts anticipate that Hormel Foods Corp. will post $1.69 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 17th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.99%. This is a positive change from Hormel Foods Corp.’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, January 12th. Hormel Foods Corp.’s dividend payout ratio is presently 35.37%.

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Hormel Foods Corp. Company Profile

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