Bokf Na lowered its stake in shares of Hormel Foods Corp (NYSE:HRL) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,467 shares of the company’s stock after selling 6,387 shares during the quarter. Bokf Na’s holdings in Hormel Foods were worth $2,538,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc raised its stake in Hormel Foods by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 32,167,606 shares of the company’s stock valued at $1,267,403,000 after acquiring an additional 410,107 shares in the last quarter. BlackRock Inc. raised its stake in Hormel Foods by 17.5% during the 4th quarter. BlackRock Inc. now owns 23,511,652 shares of the company’s stock valued at $1,003,476,000 after acquiring an additional 3,502,530 shares in the last quarter. Capital International Investors raised its stake in Hormel Foods by 115.0% during the 3rd quarter. Capital International Investors now owns 18,956,177 shares of the company’s stock valued at $746,873,000 after acquiring an additional 10,137,498 shares in the last quarter. Capital Research Global Investors raised its stake in Hormel Foods by 24.2% during the 3rd quarter. Capital Research Global Investors now owns 8,971,281 shares of the company’s stock valued at $353,468,000 after acquiring an additional 1,745,144 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Hormel Foods by 6,440.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,355,366 shares of the company’s stock valued at $102,000 after acquiring an additional 4,288,779 shares in the last quarter. Institutional investors and hedge funds own 43.14% of the company’s stock.

HRL has been the topic of several recent analyst reports. Credit Suisse Group set a $39.00 target price on Hormel Foods and gave the company a “hold” rating in a research note on Wednesday, November 21st. Zacks Investment Research raised Hormel Foods from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Thursday, February 28th. Stephens initiated coverage on Hormel Foods in a research note on Monday, March 4th. They set an “equal weight” rating on the stock. Barclays set a $40.00 target price on Hormel Foods and gave the company a “hold” rating in a research note on Wednesday, November 21st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $44.00 target price on shares of Hormel Foods in a research note on Thursday, February 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Hormel Foods presently has an average rating of “Hold” and an average price target of $41.33.

HRL opened at $42.70 on Friday. Hormel Foods Corp has a one year low of $32.42 and a one year high of $46.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 1.46. The firm has a market capitalization of $22.92 billion, a PE ratio of 22.59, a PEG ratio of 2.79 and a beta of 0.18.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, February 21st. The company reported $0.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.44. Hormel Foods had a return on equity of 17.58% and a net margin of 9.93%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the business earned $0.56 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts forecast that Hormel Foods Corp will post 1.83 EPS for the current year.

In other news, Director Elsa A. Murano sold 5,808 shares of the business’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $42.00, for a total value of $243,936.00. Following the sale, the director now owns 98,565 shares of the company’s stock, valued at approximately $4,139,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glenn S. Forbes sold 4,695 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $43.00, for a total value of $201,885.00. Following the completion of the sale, the director now directly owns 49,481 shares in the company, valued at approximately $2,127,683. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by insiders.

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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, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.

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

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