Yousif Capital Management LLC Has $6.64 Million Position in Hormel Foods Co. (NYSE:HRL)

Yousif Capital Management LLC cut its position in shares of Hormel Foods Co. (NYSE:HRL - Free Report) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,574 shares of the company's stock after selling 19,984 shares during the period. Yousif Capital Management LLC's holdings in Hormel Foods were worth $6,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Hormel Foods by 2.5% in the 3rd quarter. State Street Corp now owns 25,068,102 shares of the company's stock valued at $794,659,000 after acquiring an additional 617,308 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Hormel Foods by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 7,362,658 shares of the company's stock valued at $232,646,000 after acquiring an additional 120,212 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Hormel Foods by 5.2% in the 3rd quarter. Stifel Financial Corp now owns 3,267,186 shares of the company's stock valued at $103,570,000 after acquiring an additional 162,577 shares in the last quarter. Holocene Advisors LP raised its stake in shares of Hormel Foods by 56.0% in the 3rd quarter. Holocene Advisors LP now owns 2,237,674 shares of the company's stock valued at $70,934,000 after acquiring an additional 802,816 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Hormel Foods by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,846,936 shares of the company's stock valued at $58,548,000 after acquiring an additional 66,261 shares in the last quarter. 40.99% of the stock is owned by hedge funds and other institutional investors.

Hormel Foods Stock Performance

NYSE HRL traded down $0.27 during trading on Monday, hitting $28.94. The company's stock had a trading volume of 1,109,353 shares, compared to its average volume of 2,790,335. The company has a quick ratio of 1.19, a current ratio of 2.32 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $31.11 and a 200 day moving average price of $31.38. The firm has a market cap of $15.89 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 2.74 and a beta of 0.26. Hormel Foods Co. has a 52 week low of $28.51 and a 52 week high of $36.86.

Hormel Foods (NYSE:HRL - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Hormel Foods had a return on equity of 10.95% and a net margin of 6.75%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the business posted $0.42 EPS. Hormel Foods's revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts forecast that Hormel Foods Co. will post 1.66 earnings per share for the current fiscal year.

Hormel Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, January 13th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Monday, January 13th. This is a positive change from Hormel Foods's previous quarterly dividend of $0.28. Hormel Foods's dividend payout ratio (DPR) is presently 79.45%.

Analyst Upgrades and Downgrades

HRL has been the topic of a number of recent analyst reports. Citigroup cut their price objective on Hormel Foods from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, November 19th. BNP Paribas began coverage on Hormel Foods in a research note on Monday, October 21st. They issued an "underperform" rating and a $28.00 price objective on the stock. Finally, Barclays raised Hormel Foods from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned 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 a consensus target price of $31.17.

Insider Transactions at Hormel Foods

In other news, VP Steven J. Lykken acquired 4,904 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were bought at an average price of $32.47 per share, with a total value of $159,232.88. Following the acquisition, the vice president now owns 7,100 shares of the company's stock, valued at $230,537. This trade represents a 223.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by insiders.

Hormel Foods 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.