4,598 Shares in Hormel Foods Co. (NYSE:HRL) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of Hormel Foods Co. (NYSE:HRL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,598 shares of the company’s stock, valued at approximately $143,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new position in Hormel Foods during the 4th quarter worth $25,000. Fairway Wealth LLC acquired a new position in Hormel Foods during the 4th quarter worth $44,000. Capital Advisors Ltd. LLC lifted its holdings in Hormel Foods by 86.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company’s stock worth $47,000 after buying an additional 690 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Hormel Foods by 91.8% during the 4th quarter. Lindbrook Capital LLC now owns 1,523 shares of the company’s stock worth $48,000 after buying an additional 729 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Hormel Foods during the 4th quarter worth about $48,000. 40.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HRL has been the subject of a number of recent analyst reports. Bank of America raised Hormel Foods from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $29.00 to $35.00 in a report on Tuesday, April 15th. Barclays raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Stephens reaffirmed an “equal weight” rating and set a $31.00 price target on shares of Hormel Foods in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hormel Foods currently has a consensus rating of “Hold” and a consensus target price of $32.33.

Hormel Foods Stock Up 1.2%

Shares of NYSE HRL opened at $30.53 on Monday. The stock has a market cap of $16.79 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.73 and a beta of 0.34. The company has a quick ratio of 1.19, a current ratio of 2.32 and a debt-to-equity ratio of 0.36. Hormel Foods Co. has a 52-week low of $27.59 and a 52-week high of $36.86. The business has a 50-day moving average price of $29.90 and a 200 day moving average price of $30.30.

Hormel Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 14th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.80%. Hormel Foods’s dividend payout ratio (DPR) is presently 84.67%.

Insider Activity at Hormel Foods

In related news, Director Elsa A. Murano sold 4,500 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $30.40, for a total value of $136,800.00. Following the completion of the sale, the director now directly owns 95,488 shares of the company’s stock, valued at $2,902,835.20. This represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.72% of the company’s stock.

Hormel Foods Company Profile

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.