Hormel Foods Corp (NYSE:HRL) saw unusually large options trading on Friday. Investors bought 1,132 put options on the stock. This represents an increase of approximately 939% compared to the average volume of 109 put options.

Several analysts have recently commented on the company. Barclays set a $40.00 target price on Hormel Foods and gave the stock an “overweight” rating in a report on Friday, December 1st. Jefferies Group set a $34.00 target price on Hormel Foods and gave the stock a “hold” rating in a report on Thursday, November 30th. Piper Jaffray Companies assumed coverage on Hormel Foods in a report on Thursday. They set an “overweight” rating and a $42.00 target price on the stock. Zacks Investment Research cut Hormel Foods from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Mizuho set a $34.00 target price on Hormel Foods and gave the stock a “hold” rating in a report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Hormel Foods presently has an average rating of “Hold” and a consensus price target of $35.70.

Hormel Foods (NYSE:HRL) opened at $36.35 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.91. Hormel Foods has a one year low of $29.75 and a one year high of $38.00. The stock has a market capitalization of $19,250.00, a price-to-earnings ratio of 23.15, a PEG ratio of 2.34 and a beta of 0.65.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. analysts forecast that Hormel Foods will post 1.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Tuesday, January 16th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, January 12th. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.17. Hormel Foods’s dividend payout ratio is 43.31%.

In other news, insider Steven G. Binder sold 50,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $34.18, for a total transaction of $1,709,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John L. Morrison sold 24,814 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $31.81, for a total value of $789,333.34. The disclosure for this sale can be found here. Insiders have sold 155,815 shares of company stock worth $5,402,159 in the last 90 days. Company insiders own 3.54% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HRL. Dupont Capital Management Corp acquired a new position in shares of Hormel Foods during the third quarter valued at $100,000. Acrospire Investment Management LLC acquired a new position in shares of Hormel Foods during the second quarter valued at $111,000. BB&T Investment Services Inc. acquired a new position in shares of Hormel Foods during the second quarter valued at $118,000. Bronfman E.L. Rothschild L.P. lifted its stake in Hormel Foods by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,766 shares of the company’s stock valued at $163,000 after buying an additional 19 shares during the period. Finally, Keel Point LLC lifted its stake in Hormel Foods by 2.5% in the second quarter. Keel Point LLC now owns 5,999 shares of the company’s stock valued at $205,000 after buying an additional 145 shares during the period. 38.22% of the stock is currently owned by institutional investors and hedge funds.

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Hormel Foods Company Profile

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