Amalgamated Financial institution decreased its stake in Hormel Meals Co. (NYSE:HRL – Free Report) by 2.7% within the 2nd quarter, HoldingsChannel stories. The institutional investor owned 59,066 shares of the corporate’s inventory after promoting 1,653 shares through the interval. Amalgamated Financial institution’s holdings in Hormel Meals had been value $1,801,000 as of its most up-to-date SEC submitting.
Different hedge funds have additionally just lately modified their holdings of the corporate. ProShare Advisors LLC boosted its stake in Hormel Meals by 9.9% within the first quarter. ProShare Advisors LLC now owns 5,638,546 shares of the corporate’s inventory valued at $196,729,000 after buying an extra 505,942 shares within the final quarter. Mairs & Energy Inc. grew its stake in Hormel Meals by 2.0% through the 4th quarter. Mairs & Energy Inc. now owns 5,459,039 shares of the corporate’s inventory value $175,290,000 after shopping for an extra 108,944 shares over the last quarter. Dimensional Fund Advisors LP grew its stake in Hormel Meals by 24.0% through the 2nd quarter. Dimensional Fund Advisors LP now owns 2,976,257 shares of the corporate’s inventory value $90,738,000 after shopping for an extra 575,378 shares over the last quarter. Goldman Sachs Group Inc. elevated its place in Hormel Meals by 97.8% through the fourth quarter. Goldman Sachs Group Inc. now owns 2,900,989 shares of the corporate’s inventory value $93,151,000 after shopping for an extra 1,434,437 shares through the interval. Lastly, Stifel Monetary Corp lifted its stake in Hormel Meals by 5.8% within the fourth quarter. Stifel Monetary Corp now owns 2,654,609 shares of the corporate’s inventory valued at $85,239,000 after shopping for an extra 144,605 shares over the last quarter. 40.99% of the inventory is owned by hedge funds and different institutional buyers.
Insiders Place Their Bets
In associated information, EVP Deanna T. Brady offered 51,600 shares of the agency’s inventory in a transaction dated Friday, September thirteenth. The shares had been offered at a median value of $31.95, for a complete worth of $1,648,620.00. Following the completion of the sale, the manager vice chairman now owns 72,421 shares within the firm, valued at $2,313,850.95. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which could be accessed via the SEC web site. In different Hormel Meals information, EVP Deanna T. Brady offered 51,600 shares of the inventory in a transaction dated Friday, September thirteenth. The shares had been offered at a median value of $31.95, for a complete worth of $1,648,620.00. Following the completion of the transaction, the manager vice chairman now immediately owns 72,421 shares of the corporate’s inventory, valued at $2,313,850.95. The sale was disclosed in a submitting with the SEC, which is accessible at this hyperlink. Additionally, SVP Kevin L. Myers offered 10,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, September 18th. The inventory was offered at a median value of $32.70, for a complete worth of $327,000.00. Following the sale, the senior vice chairman now immediately owns 39,050 shares within the firm, valued at roughly $1,276,935. The disclosure for this sale could be discovered right here. Insiders personal 0.69% of the corporate’s inventory.
Hormel Meals Inventory Down 0.2 %
HRL inventory opened at $31.11 on Thursday. Hormel Meals Co. has a one 12 months low of $28.51 and a one 12 months excessive of $39.25. The corporate has a debt-to-equity ratio of 0.36, a fast ratio of 1.03 and a present ratio of two.29. The corporate has a fifty day shifting common of $32.06 and a 200-day shifting common of $32.88. The inventory has a market capitalization of $17.06 billion, a PE ratio of twenty-two.22, a price-to-earnings-growth ratio of three.11 and a beta of 0.25.
Hormel Meals (NYSE:HRL – Get Free Report) final introduced its quarterly earnings knowledge on Wednesday, September 4th. The corporate reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The corporate had income of $2.90 billion for the quarter, in comparison with analyst estimates of $2.95 billion. Hormel Meals had a return on fairness of 11.03% and a web margin of 6.52%. The agency’s income for the quarter was down 2.2% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the corporate earned $0.40 EPS. As a gaggle, analysts anticipate that Hormel Meals Co. will put up 1.58 EPS for the present 12 months.
Hormel Meals Cuts Dividend
The agency additionally just lately introduced a quarterly dividend, which will probably be paid on Friday, November fifteenth. Shareholders of file on Tuesday, October fifteenth will probably be issued a $0.282 dividend. This represents a $1.13 dividend on an annualized foundation and a yield of three.63%. The ex-dividend date is Tuesday, October fifteenth. Hormel Meals’s dividend payout ratio (DPR) is at present 80.71%.
Analyst Upgrades and Downgrades
A number of analysis companies just lately commented on HRL. JPMorgan Chase & Co. upgraded shares of Hormel Meals from an “underweight” score to a “impartial” score and upped their value goal for the corporate from $28.00 to $29.00 in a analysis report on Friday, Might thirty first. Citigroup upgraded shares of Hormel Meals from a “impartial” score to a “purchase” score and elevated their goal value for the inventory from $33.00 to $37.00 in a analysis notice on Tuesday, August thirteenth. Lastly, Stephens restated an “equal weight” score and issued a $32.00 value goal on shares of Hormel Meals in a analysis report on Friday, Might thirty first. One funding analyst has rated the inventory with a promote score, 5 have given a maintain score and one has issued a purchase score to the corporate. In line with knowledge from MarketBeat, the inventory at present has a median score of “Maintain” and a consensus goal value of $32.33.
Learn Our Newest Inventory Evaluation on HRL
Hormel Meals Profile
Hormel Meals Company develops, processes, and distributes varied meat, nuts, and different meals merchandise to retail, foodservice, deli, and business clients in america and internationally. It operates via three segments: Retail, Foodservice, and Worldwide segments. The corporate supplies varied perishable merchandise that embrace recent meats, frozen gadgets, refrigerated meal options, sausages, hams, guacamoles, and bacons; and shelf-stable merchandise comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, dietary meals dietary supplements, and others.
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