B. Metzler seel. Sohn & Co. AG Cuts Position in Hormel Foods Co. (NYSE:HRL)

B. Metzler seel. Sohn & Co. AG reduced its position in shares of Hormel Foods Co. (NYSE:HRL) by 90.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,789 shares of the company’s stock after selling 61,881 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Hormel Foods were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Crews Bank & Trust acquired a new position in Hormel Foods in the 4th quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in shares of Hormel Foods in the fourth quarter valued at approximately $44,000. Capital Advisors Ltd. LLC increased its stake 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 period. 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 in the last quarter. Finally, McIlrath & Eck LLC grew its stake in shares of Hormel Foods by 47.5% in the third quarter. McIlrath & Eck LLC now owns 1,981 shares of the company’s stock worth $63,000 after acquiring an additional 638 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Hormel Foods Stock Down 2.2 %

Hormel Foods stock opened at $30.76 on Friday. The stock has a market cap of $16.92 billion, a PE ratio of 21.07, a P/E/G ratio of 2.73 and a beta of 0.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.32 and a quick ratio of 1.19. The stock’s fifty day moving average is $29.55 and its two-hundred day moving average is $30.64. Hormel Foods Co. has a 1-year low of $27.59 and a 1-year high of $36.86.

Hormel Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Monday, April 14th. Hormel Foods’s dividend payout ratio (DPR) is presently 84.67%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HRL. Stephens reiterated an “equal weight” rating and issued a $31.00 price objective on shares of Hormel Foods in a research note on Tuesday, February 18th. Barclays upgraded Hormel Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hormel Foods currently has a consensus rating of “Hold” and a consensus price target of $31.80.

Insider Buying and Selling

In other Hormel Foods news, Director Elsa A. Murano sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $30.40, for a total transaction of $136,800.00. Following the sale, the director now owns 95,488 shares of the company’s stock, valued at approximately $2,902,835.20. This trade represents a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

Hormel Foods 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.