APG Asset Management N.V. Has $176.21 Million Position in Hormel Foods Corporation (HRL)

APG Asset Management N.V. boosted its stake in shares of Hormel Foods Corporation (NYSE:HRL) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,165,938 shares of the company’s stock after buying an additional 162,900 shares during the period. APG Asset Management N.V. owned 0.98% of Hormel Foods Corporation worth $176,210,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Hormel Foods Corporation by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,135,550 shares of the company’s stock valued at $39,532,000 after buying an additional 34,431 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Hormel Foods Corporation during the fourth quarter valued at about $304,000. Advisor Partners LLC raised its position in Hormel Foods Corporation by 1.2% in the first quarter. Advisor Partners LLC now owns 6,897 shares of the company’s stock valued at $239,000 after buying an additional 79 shares in the last quarter. Swiss National Bank raised its position in Hormel Foods Corporation by 20.2% in the first quarter. Swiss National Bank now owns 1,413,994 shares of the company’s stock valued at $48,967,000 after buying an additional 237,500 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Hormel Foods Corporation by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 379,047 shares of the company’s stock valued at $13,195,000 after buying an additional 18,241 shares in the last quarter. 38.40% of the stock is owned by institutional investors.

Shares of Hormel Foods Corporation (NYSE HRL) traded up 0.68% during trading on Friday, reaching $34.09. The company’s stock had a trading volume of 1,782,300 shares. The stock’s 50 day moving average price is $33.62 and its 200-day moving average price is $34.58. Hormel Foods Corporation has a 12 month low of $32.26 and a 12 month high of $40.00. The firm has a market cap of $18.02 billion, a PE ratio of 20.79 and a beta of 0.56.

Hormel Foods Corporation (NYSE:HRL) last posted its quarterly earnings data on Thursday, May 25th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Hormel Foods Corporation had a net margin of 9.42% and a return on equity of 19.57%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. Equities analysts predict that Hormel Foods Corporation will post $1.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 17th were paid a $0.17 dividend. The ex-dividend date was Thursday, July 13th. This represents a $0.68 annualized dividend and a yield of 1.99%. Hormel Foods Corporation’s dividend payout ratio (DPR) is 41.46%.

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Several research firms have weighed in on HRL. Jefferies Group LLC reiterated a “hold” rating and set a $34.00 target price on shares of Hormel Foods Corporation in a report on Friday, June 30th. Zacks Investment Research raised Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub downgraded Hormel Foods Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Mizuho began coverage on Hormel Foods Corporation in a research note on Wednesday, June 7th. They issued a “neutral” rating and a $35.00 price target on the stock. Finally, Barclays PLC began coverage on Hormel Foods Corporation in a research note on Tuesday, June 6th. They issued an “overweight” rating and a $38.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $40.50.

In other Hormel Foods Corporation news, insider Luis G. Marconi sold 1,300 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $34.81, for a total value of $45,253.00. Following the completion of the transaction, the insider now directly owns 22,532 shares of the company’s stock, valued at approximately $784,338.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas R. Day sold 11,139 shares of Hormel Foods Corporation stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $33.43, for a total transaction of $372,376.77. Following the sale, the insider now directly owns 24,838 shares of the company’s stock, valued at $830,334.34. The disclosure for this sale can be found here. Company insiders own 3.54% of the company’s stock.

Hormel Foods Corporation Company Profile

Institutional Ownership by Quarter for Hormel Foods Corporation (NYSE:HRL)

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