Hormel Foods Co. (NYSE:HRL) Shares Acquired by Mather Group LLC.

Mather Group LLC. raised its holdings in shares of Hormel Foods Co. (NYSE:HRL) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,219 shares of the company’s stock after buying an additional 18,899 shares during the quarter. Mather Group LLC. owned about 0.08% of Hormel Foods worth $13,416,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Hormel Foods by 97.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,900,989 shares of the company’s stock worth $93,151,000 after purchasing an additional 1,434,437 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Hormel Foods by 6.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 38,555 shares of the company’s stock worth $1,238,000 after purchasing an additional 2,328 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Hormel Foods by 10.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 54,582 shares of the company’s stock worth $1,753,000 after purchasing an additional 5,213 shares in the last quarter. Mairs & Power Inc. boosted its holdings in Hormel Foods by 2.0% during the fourth quarter. Mairs & Power Inc. now owns 5,459,039 shares of the company’s stock worth $175,290,000 after buying an additional 108,944 shares in the last quarter. Finally, Bontempo Ohly Capital Mgmt LLC increased its stake in Hormel Foods by 6.5% in the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 92,295 shares of the company’s stock valued at $2,964,000 after purchasing an additional 5,631 shares in the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Insider Buying and Selling

In other news, VP Steven J. Lykken sold 9,800 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $31.91, for a total value of $312,718.00. Following the transaction, the vice president now directly owns 30,589 shares of the company’s stock, valued at $976,094.99. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Hormel Foods news, SVP Kevin L. Myers sold 10,000 shares of the company’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 in the company, valued at $1,276,935. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven J. Lykken sold 9,800 shares of Hormel Foods stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $31.91, for a total transaction of $312,718.00. Following the sale, the vice president now directly owns 30,589 shares in the company, valued at $976,094.99. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,400 shares of company stock worth $2,288,338. Insiders own 0.69% of the company’s stock.

Hormel Foods Stock Performance

Shares of HRL stock opened at $31.26 on Tuesday. The stock’s 50-day moving average is $32.01 and its two-hundred day moving average is $32.72. Hormel Foods Co. has a fifty-two week low of $28.51 and a fifty-two week high of $37.24. The firm has a market cap of $17.14 billion, a P/E ratio of 22.33, a PEG ratio of 3.11 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 (NYSE:HRL) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.37 earnings per share (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 for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts predict that Hormel Foods Co. will post 1.58 earnings per share for the current fiscal year.

Hormel Foods Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, October 15th will be paid a $0.282 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.13 dividend on an annualized basis and a yield of 3.61%. Hormel Foods’s dividend payout ratio is 80.71%.

Analyst Upgrades and Downgrades

HRL has been the topic of a number of recent research reports. Stephens assumed coverage on Hormel Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $31.00 target price on the stock. Citigroup raised shares of Hormel Foods from a “neutral” rating to a “buy” rating and raised their price target for the company from $33.00 to $37.00 in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.17.

Hormel Foods Company Profile

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.