Stifel Financial Corp Has $137.23 Million Holdings in Hormel Foods Co. (NYSE:HRL)

Stifel Financial Corp lifted its holdings in shares of Hormel Foods Co. (NYSE:HRL - Free Report) by 33.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,374,456 shares of the company's stock after buying an additional 1,107,270 shares during the quarter. Stifel Financial Corp owned about 0.80% of Hormel Foods worth $137,227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. MetLife Investment Management LLC raised its position in shares of Hormel Foods by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 76,908 shares of the company's stock valued at $2,413,000 after acquiring an additional 1,361 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Hormel Foods by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,751,307 shares of the company's stock valued at $117,674,000 after purchasing an additional 634,630 shares during the last quarter. Forum Financial Management LP lifted its stake in Hormel Foods by 67.7% in the fourth quarter. Forum Financial Management LP now owns 13,260 shares of the company's stock valued at $416,000 after buying an additional 5,353 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Hormel Foods by 19.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 253,163 shares of the company's stock worth $7,938,000 after buying an additional 41,041 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Hormel Foods by 12.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 780,732 shares of the company's stock worth $24,492,000 after buying an additional 86,685 shares during the period. 40.99% of the stock is owned by institutional investors.

Hormel Foods Stock Down 0.6 %

Shares of HRL stock opened at $30.40 on Tuesday. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 2.73 and a beta of 0.31. Hormel Foods Co. has a 12-month low of $27.59 and a 12-month high of $36.86. The firm has a fifty day moving average of $29.65 and a 200-day moving average of $30.49. The company has a quick ratio of 1.19, a current ratio of 2.32 and a debt-to-equity ratio of 0.36.

Hormel Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, April 14th will be issued 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 3.82%. Hormel Foods's dividend payout ratio (DPR) is 84.67%.

Insider Transactions at Hormel Foods

In other Hormel Foods news, Director Elsa A. Murano sold 4,500 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $30.40, for a total value of $136,800.00. Following the sale, the director now owns 95,488 shares in the company, valued at approximately $2,902,835.20. The trade was a 4.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HRL shares. Barclays raised shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Stephens reissued an "equal weight" rating and issued a $31.00 price target on shares of Hormel Foods in a report on Tuesday, February 18th. Finally, Bank of America raised Hormel Foods from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $29.00 to $35.00 in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $32.33.

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.

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