Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,464 Shares of Hormel Foods Co. (NYSE:HRL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Hormel Foods Co. (NYSE:HRL) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,797 shares of the company’s stock after selling 1,464 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hormel Foods were worth $1,939,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Crews Bank & Trust bought a new stake in shares of Hormel Foods in the fourth quarter valued at about $25,000. Brooklyn Investment Group acquired a new stake in Hormel Foods in the 3rd quarter valued at approximately $32,000. Fairway Wealth LLC bought a new stake in Hormel Foods in the 4th quarter valued at approximately $44,000. Capital Advisors Ltd. LLC boosted its position 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 acquiring an additional 690 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in shares of 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 acquiring an additional 729 shares in the last quarter. 40.99% of the stock is owned by institutional investors.

Hormel Foods Price Performance

Shares of HRL opened at $28.81 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $29.50 and its 200 day simple moving average is $30.71. Hormel Foods Co. has a 1-year low of $27.59 and a 1-year high of $36.86. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.73 and a beta of 0.21.

Hormel Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 14th will be issued a $0.29 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.03%. Hormel Foods’s payout ratio is 84.67%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HRL. Stephens restated an “equal weight” rating and set a $31.00 target price on shares of Hormel Foods in a report on Tuesday, February 18th. Barclays raised shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.80.

About Hormel Foods

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.