2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP reduced its position in shares of Hormel Foods Co. ( NYSE:HRL – Free Report ) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 12,406 shares of the company’s stock after selling 897 shares during the period. DoubleLine ETF Adviser LP’s holdings in Hormel Foods were worth $378,000 at the end of the most recent quarter. A number of other institutional investors have also modified their holdings of the company.
D.A. Davidson & CO.
raised its holdings in Hormel Foods by 4.4% in the 4th quarter. D.
A. Davidson & CO. now owns 9,663 shares of the company’s stock valued at $310,000 after acquiring an additional 403 shares during the last quarter.
Corient Private Wealth LLC increased its stake in Hormel Foods by 63.7% in the fourth quarter. Corient Private Wealth LLC now owns 39,456 shares of the company’s stock valued at $1,267,000 after purchasing an additional 15,356 shares during the last quarter.
Franklin Resources Inc. lifted its position in Hormel Foods by 2.0% during the fourth quarter.
Franklin Resources Inc. now owns 106,440 shares of the company’s stock worth $3,418,000 after buying an additional 2,079 shares during the period. Commerce Bank boosted its stake in Hormel Foods by 28.
9% in the 4th quarter. Commerce Bank now owns 33,196 shares of the company’s stock worth $1,066,000 after buying an additional 7,434 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in Hormel Foods by 36.
5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 66,552 shares of the company’s stock valued at $2,135,000 after buying an additional 17,809 shares during the period. Institutional investors and hedge funds own 40.
99% of the company’s stock. Insider Activity In other news, EVP Deanna T. Brady sold 51,600 shares of the company’s stock in a transaction on Friday, September 13th.
The shares were sold at an average price of $31.95, for a total value of $1,648,620.00.
Following the completion of the transaction, the executive vice president now directly owns 72,421 shares in the company, valued at $2,313,850.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
In other Hormel Foods news, EVP Deanna T. Brady sold 51,600 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $31.
95, for a total value of $1,648,620.00. Following the transaction, the executive vice president now owns 72,421 shares in the company, valued at approximately $2,313,850.
95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, SVP Kevin L.
Myers sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $32.70, for a total value of $327,000.
00. Following the sale, the senior vice president now owns 39,050 shares of the company’s stock, valued at $1,276,935. The disclosure for this sale can be found here .
Insiders own 0.69% of the company’s stock. Analysts Set New Price Targets View Our Latest Stock Report on Hormel Foods Hormel Foods Price Performance HRL opened at $31.
57 on Friday. The company has a 50 day moving average of $32.04 and a two-hundred day moving average of $32.
87. Hormel Foods Co. has a 52-week low of $28.
51 and a 52-week high of $38.95. The company has a quick ratio of 1.
03, a current ratio of 2.29 and a debt-to-equity ratio of 0.36.
The company has a market cap of $17.31 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.
11 and a beta of 0.25. Hormel Foods ( NYSE:HRL – Get Free Report ) last released its quarterly earnings data on Wednesday, September 4th.
The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.
01. Hormel Foods had a return on equity of 11.03% and a net margin of 6.
52%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.
95 billion. During the same period last year, the company posted $0.40 earnings per share.
The firm’s revenue was down 2.2% compared to the same quarter last year. On average, analysts expect that Hormel Foods Co.
will post 1.58 earnings per share for the current year. Hormel Foods Cuts Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th.
Shareholders of record on Tuesday, October 15th will be given a $0.282 dividend. This represents a $1.
13 annualized dividend and a yield of 3.57%. The ex-dividend date is Tuesday, October 15th.
Hormel Foods’s dividend payout ratio (DPR) is 80.71%. Hormel Foods Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Hormel Foods Investing In Preferred Stock vs.
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