Hormel Foods Co. (NYSE:HRL) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of Hormel Foods Co. (NYSE:HRL) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 291,595 shares of the company’s stock after buying an additional 37,006 shares during the period. Sei Investments Co. owned 0.05% of Hormel Foods worth $9,147,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HRL. Crews Bank & Trust bought a new position in Hormel Foods during the 4th quarter worth $25,000. Brooklyn Investment Group bought a new position in shares of Hormel Foods during the third quarter worth about $32,000. Fairway Wealth LLC acquired a new stake in shares of Hormel Foods in the 4th quarter worth about $44,000. Capital Advisors Ltd. LLC lifted its position in Hormel Foods by 86.9% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company’s stock valued at $47,000 after purchasing an additional 690 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Hormel Foods by 91.8% during the 4th quarter. Lindbrook Capital LLC now owns 1,523 shares of the company’s stock valued at $48,000 after purchasing an additional 729 shares during the period. Institutional investors own 40.99% of the company’s stock.

Hormel Foods Price Performance

Shares of NYSE:HRL opened at $30.36 on Monday. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.73 and a beta of 0.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.32 and a quick ratio of 1.19. Hormel Foods Co. has a 12 month low of $27.59 and a 12 month high of $36.86. The stock’s 50 day moving average price is $29.52 and its 200 day moving average price is $30.67.

Hormel Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 14th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, April 14th. This represents a $1.16 annualized dividend and a yield of 3.82%. Hormel Foods’s dividend payout ratio is currently 84.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HRL shares. Stephens reaffirmed an “equal weight” rating and set a $31.00 price target on shares of Hormel Foods in a report on Tuesday, February 18th. Barclays raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.80.

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.