Hormel Foods Corp (NYSE:HRL) Director Susan K. Nestegard sold 4,517 shares of the stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $45.52, for a total transaction of $205,613.84. Following the sale, the director now owns 84,903 shares of the company’s stock, valued at approximately $3,864,784.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

HRL opened at $44.34 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.80 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $23.96 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 2.94 and a beta of 0.13. Hormel Foods Corp has a 1-year low of $31.71 and a 1-year high of $46.26.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Tuesday, November 20th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Hormel Foods had a net margin of 10.60% and a return on equity of 18.01%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. As a group, equities research analysts forecast that Hormel Foods Corp will post 1.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Monday, January 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, January 11th. This is a boost from Hormel Foods’s previous quarterly dividend of $0.19. Hormel Foods’s dividend payout ratio (DPR) is presently 39.68%.

A number of brokerages recently issued reports on HRL. Jefferies Financial Group cut shares of Hormel Foods from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research report on Tuesday, November 27th. Credit Suisse Group set a $39.00 target price on shares of Hormel Foods and gave the stock a “hold” rating in a research report on Wednesday, November 21st. Barclays set a $40.00 target price on shares of Hormel Foods and gave the stock a “hold” rating in a research report on Wednesday, November 21st. Zacks Investment Research reiterated a “sell” rating on shares of Hormel Foods in a research report on Tuesday, November 13th. Finally, Vertical Group cut shares of Hormel Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $40.56.

A number of institutional investors and hedge funds have recently bought and sold shares of HRL. Sapphire Star Partners LP acquired a new stake in Hormel Foods in the 3rd quarter valued at about $102,000. Piedmont Investment Advisors LLC bought a new position in shares of Hormel Foods in the 2nd quarter valued at about $118,000. Fort L.P. bought a new position in shares of Hormel Foods in the 2nd quarter valued at about $125,000. Dupont Capital Management Corp bought a new position in shares of Hormel Foods in the 2nd quarter valued at about $135,000. Finally, Moody National Bank Trust Division bought a new position in shares of Hormel Foods in the 3rd quarter valued at about $142,000. Hedge funds and other institutional investors own 42.28% of the company’s stock.

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Hormel Foods Company Profile

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products, such as canned luncheon meats, peanut butter, chilies, shelf-stable microwaveable meals, hash, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.

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Insider Buying and Selling by Quarter for Hormel Foods (NYSE:HRL)

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