Thrivent Financial For Lutherans lessened its holdings in Hormel Foods Corporation (NYSE:HRL) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,980 shares of the company’s stock after selling 530 shares during the period. Thrivent Financial For Lutherans’ holdings in Hormel Foods Corporation were worth $374,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HRL. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Hormel Foods Corporation by 0.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,766 shares of the company’s stock valued at $163,000 after purchasing an additional 19 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Hormel Foods Corporation in the 2nd quarter valued at $189,000. Ridgewood Investments LLC acquired a new stake in shares of Hormel Foods Corporation in the 2nd quarter valued at $203,000. Pacer Advisors Inc. lifted its stake in shares of Hormel Foods Corporation by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 6,054 shares of the company’s stock valued at $207,000 after purchasing an additional 464 shares during the last quarter. Finally, Hills Bank & Trust Co. acquired a new stake in shares of Hormel Foods Corporation in the 2nd quarter valued at $210,000. 38.92% of the stock is owned by institutional investors and hedge funds.

Hormel Foods Corporation (NYSE:HRL) opened at 30.74 on Friday. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 18.98 and a beta of 0.58. Hormel Foods Corporation has a 52-week low of $30.29 and a 52-week high of $38.84. The firm’s 50-day moving average is $31.45 and its 200-day moving average is $33.35.

Hormel Foods Corporation (NYSE:HRL) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Hormel Foods Corporation had a net margin of 9.38% and a return on equity of 18.90%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the business earned $0.36 EPS. The business’s revenue was down 4.1% on a year-over-year basis. Analysts forecast that Hormel Foods Corporation will post $1.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, October 20th. Hormel Foods Corporation’s dividend payout ratio (DPR) is presently 41.98%.

Several equities research analysts recently issued reports on HRL shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Hormel Foods Corporation in a research note on Friday, June 30th. BidaskClub lowered shares of Hormel Foods Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research lowered shares of Hormel Foods Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Credit Suisse Group lowered shares of Hormel Foods Corporation from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $39.00 to $33.00 in a research note on Friday, August 25th. Finally, Buckingham Research reduced their price objective on shares of Hormel Foods Corporation from $37.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, August 25th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.50.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/10/21/thrivent-financial-for-lutherans-has-374000-position-in-hormel-foods-corporation-hrl.html.

In other news, Director John L. Morrison sold 24,814 shares of Hormel Foods Corporation stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $31.81, for a total value of $789,333.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dakota A. Pippins sold 4,000 shares of Hormel Foods Corporation stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $31.60, for a total transaction of $126,400.00. Following the completion of the transaction, the director now directly owns 92,377 shares of the company’s stock, valued at approximately $2,919,113.20. The disclosure for this sale can be found here. In the last three months, insiders sold 194,518 shares of company stock valued at $6,132,366. Insiders own 3.54% of the company’s stock.

About Hormel Foods Corporation

Want to see what other hedge funds are holding HRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hormel Foods Corporation (NYSE:HRL).

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

Receive News & Ratings for Hormel Foods Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hormel Foods Corporation and related companies with MarketBeat.com's FREE daily email newsletter.