Hormel Foods Corp (NYSE:HRL) Director Robert Nakasone sold 3,184 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $37.50, for a total value of $119,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Robert Nakasone also recently made the following trade(s):

  • On Tuesday, November 28th, Robert Nakasone sold 16,000 shares of Hormel Foods stock. The stock was sold at an average price of $34.40, for a total value of $550,400.00.

Shares of Hormel Foods Corp (HRL) traded down $0.58 during trading hours on Tuesday, hitting $37.10. The company had a trading volume of 2,423,683 shares, compared to its average volume of 2,410,280. 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 Corp has a twelve month low of $29.75 and a twelve month high of $38.00. The stock has a market capitalization of $19,890.00, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.37 and a beta of 0.65.

Hormel Foods (NYSE:HRL) last posted its earnings results on Tuesday, November 21st. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.41 billion. Hormel Foods had a net margin of 9.24% and a return on equity of 17.87%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. sell-side analysts anticipate that Hormel Foods Corp will post 1.67 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Tuesday, January 16th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.02%. This is an increase from Hormel Foods’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, January 12th. Hormel Foods’s dividend payout ratio is presently 43.31%.

Several brokerages recently issued reports on HRL. BidaskClub upgraded Hormel Foods from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Credit Suisse Group set a $33.00 price objective on Hormel Foods and gave the stock a “hold” rating in a report on Friday, November 24th. Zacks Investment Research upgraded Hormel Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group set a $34.00 price objective on Hormel Foods and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, Barclays cut their price objective on Hormel Foods from $38.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Hormel Foods currently has a consensus rating of “Hold” and an average target price of $35.50.

Institutional investors have recently bought and sold shares of the business. Dupont Capital Management Corp acquired a new position in Hormel Foods during the third quarter worth $100,000. Acrospire Investment Management LLC acquired a new position in Hormel Foods during the second quarter worth $111,000. BB&T Investment Services Inc. acquired a new position in Hormel Foods during the second quarter worth $118,000. Bronfman E.L. Rothschild L.P. increased its position in Hormel Foods by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,766 shares of the company’s stock worth $163,000 after buying an additional 19 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new position in Hormel Foods during the second quarter worth $189,000. 38.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Hormel Foods

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

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