BKD Wealth Advisors LLC raised its position in Hormel Foods Corp (NYSE:HRL) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,064 shares of the company’s stock after buying an additional 33 shares during the period. BKD Wealth Advisors LLC’s holdings in Hormel Foods Corp were worth $717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HRL. Toth Financial boosted its position in shares of Hormel Foods Corp by 11.9% in the fourth quarter. Toth Financial now owns 31,448 shares of the company’s stock valued at $2,487,000 after buying an additional 3,343 shares during the last quarter. Curbstone Financial Management boosted its position in shares of Hormel Foods Corp by 98.5% in the fourth quarter. Curbstone Financial Management now owns 26,201 shares of the company’s stock valued at $2,072,000 after buying an additional 13,000 shares during the last quarter. Reynolds Capital Management purchased a new position in shares of Hormel Foods Corp during the fourth quarter valued at $356,000. Meristem purchased a new position in shares of Hormel Foods Corp during the fourth quarter valued at $633,000. Finally, Alpha Capital Management boosted its position in shares of Hormel Foods Corp by 67.2% in the fourth quarter. Alpha Capital Management now owns 50,409 shares of the company’s stock valued at $3,986,000 after buying an additional 20,268 shares during the last quarter.

Shares of Hormel Foods Corp (NYSE:HRL) traded up 1.96% during mid-day trading on Monday, hitting $81.99. 879,368 shares of the stock traded hands. The stock has a 50 day moving average price of $78.39 and a 200-day moving average price of $67.67. Hormel Foods Corp has a one year low of $50.13 and a one year high of $82.12. The company has a market cap of $21.66 billion and a P/E ratio of 32.28. Hormel Foods Corp shares are set to split on Wednesday, February 10th. The 2-1 split was announced on Wednesday, November 25th. The newly created shares will be issued to shareholders after the market closes on Tuesday, February 9th.

Hormel Foods Corp (NYSE:HRL) last announced its quarterly earnings results on Tuesday, November 24th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The firm earned $2.40 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the business earned $0.63 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts forecast that Hormel Foods Corp will post $2.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 16th. Stockholders of record on Tuesday, January 19th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, January 14th. This is a boost from Hormel Foods Corp’s previous quarterly dividend of $0.25.

Several research analysts have recently weighed in on HRL shares. Vetr raised shares of Hormel Foods Corp from a “hold” rating to a “buy” rating and set a $78.89 price target on the stock in a research report on Wednesday, January 20th. Jefferies Group started coverage on shares of Hormel Foods Corp in a research report on Tuesday, December 15th. They set a “buy” rating and a $85.00 price target on the stock. Buckingham Research started coverage on shares of Hormel Foods Corp in a research report on Monday, October 19th. They set a “neutral” rating and a $68.00 price target on the stock. Deutsche Bank cut shares of Hormel Foods Corp from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a research report on Monday, December 14th. Finally, Stephens raised shares of Hormel Foods Corp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $63.00 to $80.00 in a research report on Wednesday, November 25th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Hormel Foods Corp has a consensus rating of “Hold” and an average target price of $75.85.

In related news, CFO Jody H. Feragen sold 23,000 shares of Hormel Foods Corp stock in a transaction dated Friday, December 11th. The stock was sold at an average price of $76.95, for a total transaction of $1,769,850.00. Following the completion of the sale, the chief financial officer now owns 105,371 shares in the company, valued at approximately $8,108,298.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bryan D. Farnsworth sold 7,028 shares of Hormel Foods Corp stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $79.24, for a total value of $556,898.72. Following the sale, the senior vice president now owns 9,006 shares of the company’s stock, valued at approximately $713,635.44. The disclosure for this sale can be found here.

Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company has five segments: Grocery Products, which consists of the processing, marketing and sale of shelf-stable food products sold primarily in the retail market; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork and beef products for retail, foodservice and fresh product customers; Jennie-O Turkey Store, which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; Specialty Foods, which consists of the packaging and sale of private label shelf stable products, nutritional products, sugar and condiments to industrial, retail and foodservice customers, and International & Other, which includes the Hormel Foods International operating segment, which manufactures, markets and sells the Company products internationally.

12 Month Chart for NYSE:HRL

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