XTX Topco Ltd Has $796,000 Stake in Hormel Foods Co. (NYSE:HRL)

XTX Topco Ltd increased its position in shares of Hormel Foods Co. (NYSE:HRL - Free Report) by 251.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,361 shares of the company's stock after buying an additional 18,138 shares during the quarter. XTX Topco Ltd's holdings in Hormel Foods were worth $796,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Greenleaf Trust grew its position in Hormel Foods by 4.4% in the fourth quarter. Greenleaf Trust now owns 8,029 shares of the company's stock valued at $252,000 after purchasing an additional 336 shares in the last quarter. CFS Investment Advisory Services LLC raised its holdings in Hormel Foods by 2.8% during the fourth quarter. CFS Investment Advisory Services LLC now owns 13,445 shares of the company's stock worth $422,000 after acquiring an additional 360 shares in the last quarter. Empower Advisory Group LLC boosted 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 valued at $315,000 after purchasing an additional 389 shares during the last quarter. New Century Financial Group LLC boosted its holdings in shares of Hormel Foods by 6.2% in the 4th quarter. New Century Financial Group LLC now owns 6,738 shares of the company's stock valued at $211,000 after buying an additional 392 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in Hormel Foods by 4.8% during the third quarter. MML Investors Services LLC now owns 9,108 shares of the company's stock worth $289,000 after buying an additional 416 shares during the last quarter. Institutional investors own 40.99% of the company's stock.

Hormel Foods Price Performance

NYSE:HRL traded up $0.35 on Tuesday, hitting $30.75. The company had a trading volume of 209,213 shares, compared to its average volume of 2,572,352. The firm has a 50 day moving average of $29.65 and a two-hundred day moving average of $30.49. The stock has a market capitalization of $16.91 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.73 and a beta of 0.31. Hormel Foods Co. has a 52 week low of $27.59 and a 52 week high of $36.86. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Hormel Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 yield of 3.77%. The ex-dividend date of this dividend is Monday, April 14th. Hormel Foods's dividend payout ratio is currently 84.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HRL shares. 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. Bank of America raised Hormel Foods from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $29.00 to $35.00 in a report on Tuesday, April 15th. Finally, Barclays upgraded shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $32.33.

Insider Activity

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 completion of the transaction, the director now owns 95,488 shares in the company, valued at approximately $2,902,835.20. This trade represents a 4.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company's stock.

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.