Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.94 Million Position in Hormel Foods Co. (NYSE:HRL)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Greenleaf Trust lifted its stake in shares of Hormel Foods by 4.4% during the 4th quarter. Greenleaf Trust now owns 8,029 shares of the company’s stock worth $252,000 after buying an additional 336 shares during the last quarter. CFS Investment Advisory Services LLC raised its holdings in Hormel Foods by 2.8% in the 4th quarter. CFS Investment Advisory Services LLC now owns 13,445 shares of the company’s stock valued at $422,000 after acquiring an additional 360 shares during the period. Empower Advisory Group LLC lifted its position in Hormel Foods by 4.0% during the fourth quarter. Empower Advisory Group LLC now owns 10,038 shares of the company’s stock worth $315,000 after acquiring an additional 389 shares during the last quarter. New Century Financial Group LLC lifted its holdings in Hormel Foods by 6.2% during the 4th quarter. New Century Financial Group LLC now owns 6,738 shares of the company’s stock worth $211,000 after purchasing an additional 392 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in Hormel Foods by 4.8% in the 3rd quarter. MML Investors Services LLC now owns 9,108 shares of the company’s stock valued at $289,000 after buying an additional 416 shares in the last quarter. 40.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HRL. Stephens reissued 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 Hormel Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Hormel Foods has a consensus rating of “Hold” and a consensus target price of $31.80.

Hormel Foods Price Performance

Hormel Foods stock opened at $28.81 on Wednesday. The stock has a fifty day moving average of $29.50 and a 200-day moving average of $30.71. The stock has a market capitalization of $15.84 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.73 and a beta of 0.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.32. Hormel Foods Co. has a 52 week low of $27.59 and a 52 week high of $36.86.

Hormel Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 14th will be paid 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 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.