Hormel Foods Corp (NYSE:HRL) Holdings Reduced by Cliftonlarsonallen Wealth Advisors LLC

Cliftonlarsonallen Wealth Advisors LLC lowered its holdings in shares of Hormel Foods Corp (NYSE:HRL) by 56.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,934 shares of the company’s stock after selling 20,353 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Hormel Foods were worth $580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HRL. Resources Investment Advisors Inc. bought a new position in shares of Hormel Foods in the fourth quarter valued at approximately $218,000. Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Hormel Foods by 8.0% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 46,745 shares of the company’s stock valued at $1,701,000 after purchasing an additional 3,445 shares in the last quarter. TIAA FSB lifted its holdings in shares of Hormel Foods by 53.9% in the fourth quarter. TIAA FSB now owns 49,201 shares of the company’s stock valued at $1,790,000 after purchasing an additional 17,238 shares in the last quarter. PGGM Investments lifted its holdings in shares of Hormel Foods by 128.2% in the fourth quarter. PGGM Investments now owns 796,700 shares of the company’s stock valued at $28,992,000 after purchasing an additional 447,535 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Hormel Foods in the fourth quarter valued at approximately $474,000. 38.31% of the stock is owned by institutional investors and hedge funds.

In other Hormel Foods news, Director Elsa A. Murano sold 7,129 shares of Hormel Foods stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $36.00, for a total transaction of $256,644.00. Following the completion of the sale, the director now owns 90,991 shares of the company’s stock, valued at $3,275,676. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman James P. Snee sold 7,616 shares of Hormel Foods stock in a transaction dated Monday, November 27th. The stock was 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. In the last ninety days, insiders have sold 131,001 shares of company stock valued at $4,612,826. Corporate insiders own 3.54% of the company’s stock.

Hormel Foods Corp (NYSE:HRL) opened at $34.04 on Thursday. Hormel Foods Corp has a 52-week low of $29.75 and a 52-week high of $38.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.91. The company has a market capitalization of $17,518.67, a PE ratio of 20.94, a P/E/G ratio of 2.07 and a beta of 0.49.

Hormel Foods (NYSE:HRL) last posted its earnings results on Tuesday, November 21st. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. equities research analysts predict that Hormel Foods Corp will post 1.71 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Tuesday, January 16th will be paid a dividend of $0.1875 per share. The ex-dividend date is Friday, January 12th. This represents a $0.75 annualized dividend and a yield of 2.20%. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.17. Hormel Foods’s payout ratio is 47.47%.

A number of analysts recently commented on the company. Jefferies Group upgraded Hormel Foods from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Wednesday. Zacks Investment Research upgraded Hormel Foods from a “strong sell” rating to a “hold” rating in a report on Monday, February 5th. Piper Jaffray Companies started coverage on Hormel Foods in a report on Thursday, January 4th. They set an “overweight” rating and a $42.00 price target on the stock. Barclays set a $40.00 target price on Hormel Foods and gave the stock an “overweight” rating in a research report on Friday, December 1st. Finally, Mizuho set a $34.00 target price on Hormel Foods and gave the stock a “hold” rating in a research report on Saturday, November 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $35.30.

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About Hormel Foods

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.

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

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