Vanguard Personalized Indexing Management LLC Has $959,000 Holdings in Hormel Foods Co. (NYSE:HRL)

Vanguard Personalized Indexing Management LLC raised its position in shares of Hormel Foods Co. (NYSE:HRL) by 1.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 31,499 shares of the company’s stock after purchasing an additional 384 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Hormel Foods were worth $959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HRL. EverSource Wealth Advisors LLC grew its position in shares of Hormel Foods by 688.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 647 shares during the period. CVA Family Office LLC acquired a new stake in Hormel Foods in the first quarter worth $31,000. International Assets Investment Management LLC bought a new stake in Hormel Foods in the second quarter valued at $34,000. Central Valley Advisors LLC acquired a new position in shares of Hormel Foods during the second quarter valued at about $37,000. Finally, Register Financial Advisors LLC bought a new position in shares of Hormel Foods during the 1st quarter worth about $42,000. Institutional investors and hedge funds own 40.99% of the company’s stock.

Hormel Foods Price Performance

HRL opened at $31.48 on Tuesday. The firm’s fifty day moving average price is $32.06 and its two-hundred day moving average price is $32.90. The company has a market capitalization of $17.26 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 3.10 and a beta of 0.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.29 and a quick ratio of 1.03. Hormel Foods Co. has a 1 year low of $28.51 and a 1 year high of $39.25.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Hormel Foods had a net margin of 6.52% and a return on equity of 11.03%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the business posted $0.40 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, analysts anticipate that Hormel Foods Co. will post 1.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Kevin L. Myers sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $32.70, for a total transaction of $327,000.00. Following the completion of the sale, the senior vice president now directly owns 39,050 shares of the company’s stock, valued at approximately $1,276,935. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Kevin L. Myers sold 10,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $32.70, for a total transaction of $327,000.00. Following the completion of the transaction, the senior vice president now owns 39,050 shares in the company, valued at $1,276,935. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Deanna T. Brady sold 51,600 shares of Hormel Foods stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $31.95, for a total transaction of $1,648,620.00. Following the completion of the sale, the executive vice president now directly owns 72,421 shares in the company, valued at approximately $2,313,850.95. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HRL. Citigroup raised Hormel Foods from a “neutral” rating to a “buy” rating and boosted their target price for the company from $33.00 to $37.00 in a research report on Tuesday, August 13th. Stephens reissued an “equal weight” rating and issued a $32.00 price target on shares of Hormel Foods in a research report on Friday, May 31st. Finally, JPMorgan Chase & Co. upgraded shares of Hormel Foods from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $28.00 to $29.00 in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Hormel Foods currently has a consensus rating of “Hold” and an average target price of $32.33.

About Hormel Foods

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.