AMG National Trust Bank lifted its holdings in shares of Hormel Foods Corp (NYSE:HRL) by 12.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 469,601 shares of the company’s stock after acquiring an additional 52,000 shares during the period. Hormel Foods accounts for approximately 1.1% of AMG National Trust Bank’s investment portfolio, making the stock its 19th biggest holding. AMG National Trust Bank’s holdings in Hormel Foods were worth $17,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dupont Capital Management Corp acquired a new stake in shares of Hormel Foods during the 3rd quarter worth about $100,000. Steward Partners Investment Advisory LLC raised its position in shares of Hormel Foods by 3,200.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,300 shares of the company’s stock worth $120,000 after acquiring an additional 3,200 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Hormel Foods during the 4th quarter worth about $218,000. Resources Investment Advisors Inc. acquired a new stake in shares of Hormel Foods during the 4th quarter worth about $218,000. Finally, Hills Bank & Trust Co. acquired a new stake in shares of Hormel Foods during the 4th quarter worth about $224,000. 38.31% of the stock is currently owned by institutional investors and hedge funds.

In other Hormel Foods news, Director Robert Nakasone sold 3,184 shares of Hormel Foods stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $37.50, for a total value of $119,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman James P. Snee sold 7,616 shares of Hormel Foods stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $34.16, for a total value of $260,162.56. The disclosure for this sale can be found here. Insiders sold a total of 131,001 shares of company stock worth $4,612,826 over the last quarter. Company insiders own 3.54% of the company’s stock.

A number of research firms recently issued reports on HRL. BMO Capital Markets restated a “buy” rating and set a $38.00 price target on shares of Hormel Foods in a research note on Monday, November 6th. Jefferies Group set a $34.00 price target on Hormel Foods and gave the stock a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research upgraded Hormel Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Credit Suisse Group set a $33.00 price target on Hormel Foods and gave the stock a “hold” rating in a research note on Friday, November 24th. Finally, Piper Jaffray Companies began coverage on Hormel Foods in a research note on Thursday, January 4th. They set an “overweight” rating and a $42.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Hormel Foods currently has an average rating of “Hold” and an average target price of $35.30.

Hormel Foods Corp (NYSE:HRL) opened at $34.04 on Thursday. The stock has a market capitalization of $17,518.67, a P/E ratio of 20.94, a P/E/G ratio of 2.07 and a beta of 0.49. 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 Corp has a 12 month low of $29.75 and a 12 month high of $38.00.

Hormel Foods (NYSE:HRL) last announced its earnings results on Tuesday, November 21st. The company reported $0.41 earnings per share 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 company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $0.45 EPS. The company’s revenue was down 5.1% on a year-over-year basis. analysts expect that Hormel Foods Corp will post 1.71 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Tuesday, January 16th will be paid a $0.1875 dividend. This is an increase from Hormel Foods’s previous quarterly dividend of $0.17. This represents a $0.75 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, January 12th. Hormel Foods’s dividend payout ratio (DPR) is 47.47%.

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Hormel Foods Profile

Hormel Foods Corporation is engaged in the production of a range of meat and food products. The Company operates through four segments: Grocery Products, which is engaged in the processing, marketing and sale of shelf-stable food products sold for the retail market and health and also consists of nutrition products, including Muscle Milk protein products.; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork, beef, chicken and turkey products for retail, foodservice and fresh product customers; Jennie-O Turkey Store (JOTS), which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; and International & Other, which includes Hormel Foods International Corporation, which manufactures, markets and sells the Company products internationally.

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

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