Hormel Foods (NYSE:HRL) received a $40.00 price objective from equities researchers at Barclays in a research note issued on Friday. The firm currently has an “overweight” rating on the stock. Barclays’ target price would indicate a potential upside of 9.74% from the stock’s previous close.

HRL has been the topic of a number of other reports. Credit Suisse Group dropped coverage on Hormel Foods in a report on Saturday, August 26th. They issued an “outperform” rating on the stock. Morgan Stanley started coverage on Hormel Foods in a research note on Friday, November 3rd. They issued an “underweight” rating and a $26.00 price objective on the stock. KeyCorp started coverage on Hormel Foods in a research note on Tuesday, October 31st. They issued a “hold” rating on the stock. Mizuho set a $34.00 price objective on Hormel Foods and gave the company a “hold” rating in a research note on Saturday, November 25th. Finally, Zacks Investment Research lowered Hormel Foods from a “hold” rating to a “sell” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Hormel Foods currently has an average rating of “Hold” and an average target price of $35.50.

Shares of Hormel Foods (NYSE HRL) traded up $0.46 during trading on Friday, hitting $36.45. The company had a trading volume of 4,573,200 shares, compared to its average volume of 2,401,910. The company has a current ratio of 1.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. Hormel Foods has a twelve month low of $29.75 and a twelve month high of $37.97. The firm has a market capitalization of $19,240.00, a PE ratio of 21.89, a PEG ratio of 2.24 and a beta of 0.59.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Hormel Foods had a return on equity of 17.87% and a net margin of 9.24%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. research analysts predict that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

In other Hormel Foods news, insider Steven G. Binder sold 15,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $31.23, for a total transaction of $468,450.00. Following the completion of the sale, the insider now directly owns 26,838 shares in the company, valued at approximately $838,150.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Donald H. Kremin sold 100,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $31.66, for a total value of $3,166,000.00. Following the sale, the insider now owns 887 shares of the company’s stock, valued at $28,082.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 232,430 shares of company stock worth $7,549,746. Company insiders own 3.54% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System raised its holdings in shares of Hormel Foods by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the company’s stock worth $570,000 after purchasing an additional 100 shares during the period. Russell Investments Group Ltd. raised its stake in Hormel Foods by 18.4% in the second quarter. Russell Investments Group Ltd. now owns 162,808 shares of the company’s stock worth $5,553,000 after buying an additional 25,319 shares in the last quarter. ING Groep NV grew its holdings in Hormel Foods by 0.4% in the second quarter. ING Groep NV now owns 13,807 shares of the company’s stock worth $471,000 after purchasing an additional 53 shares during the period. Shell Asset Management Co. grew its holdings in shares of Hormel Foods by 4.1% during the second quarter. Shell Asset Management Co. now owns 40,249 shares of the company’s stock valued at $1,373,000 after buying an additional 1,582 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of Hormel Foods by 26.4% during the second quarter. Strs Ohio now owns 38,858 shares of the company’s stock valued at $1,325,000 after buying an additional 8,112 shares during the last quarter. Institutional investors and hedge funds own 38.33% of the company’s stock.

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