Hormel Foods Co. (NYSE:HRL) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH cut its stake in Hormel Foods Co. (NYSE:HRL - Free Report) by 91.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,202 shares of the company's stock after selling 13,207 shares during the period. Siemens Fonds Invest GmbH's holdings in Hormel Foods were worth $38,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new stake in Hormel Foods in the fourth quarter worth $25,000. Fairway Wealth LLC acquired a new stake in Hormel Foods in the fourth quarter worth $44,000. Capital Advisors Ltd. LLC increased its holdings in shares of Hormel Foods by 86.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company's stock valued at $47,000 after purchasing an additional 690 shares during the period. Headlands Technologies LLC bought a new stake in shares of Hormel Foods during the fourth quarter valued at about $48,000. Finally, Lindbrook Capital LLC raised its stake in shares of Hormel Foods by 91.8% during the fourth quarter. Lindbrook Capital LLC now owns 1,523 shares of the company's stock valued at $48,000 after purchasing an additional 729 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on HRL. Stephens restated an "equal weight" rating and set a $31.00 price objective on shares of Hormel Foods in a research note on Tuesday, February 18th. Barclays upgraded shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Finally, Bank of America upgraded shares of Hormel Foods from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $29.00 to $35.00 in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hormel Foods presently has a consensus rating of "Hold" and an average price target of $32.33.

Insider Buying and Selling

In related news, Director Elsa A. Murano sold 4,500 shares of Hormel Foods stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $30.40, for a total transaction of $136,800.00. Following the transaction, the director now directly owns 95,488 shares of the company's stock, valued at $2,902,835.20. The trade was a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by corporate insiders.

Hormel Foods Price Performance

NYSE:HRL opened at $30.53 on Monday. The business's 50-day moving average price is $29.90 and its 200 day moving average price is $30.30. The firm has a market cap of $16.79 billion, a P/E ratio of 20.91, a PEG ratio of 2.73 and a beta of 0.34. Hormel Foods Co. has a 52-week low of $27.59 and a 52-week high of $36.86. 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 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 issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Monday, April 14th. Hormel Foods's payout ratio is currently 84.67%.

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.

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