G&S Capital LLC Has $472,000 Holdings in Hormel Foods Co. (NYSE:HRL)

G&S Capital LLC increased its holdings in Hormel Foods Co. (NYSE:HRL) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,053 shares of the company’s stock after buying an additional 569 shares during the period. G&S Capital LLC’s holdings in Hormel Foods were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Crews Bank & Trust acquired a new position in Hormel Foods in the 4th quarter valued at $25,000. Brooklyn Investment Group bought a new position in shares of Hormel Foods in the third quarter worth $32,000. Prospera Private Wealth LLC acquired a new position in Hormel Foods in the third quarter valued at about $39,000. GAMMA Investing LLC lifted its position in Hormel Foods by 516.9% during the third quarter. GAMMA Investing LLC now owns 1,351 shares of the company’s stock worth $43,000 after purchasing an additional 1,132 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Hormel Foods during the third quarter worth about $47,000. 40.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HRL. Citigroup dropped their target price on shares of Hormel Foods from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. Barclays upgraded shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, BNP Paribas began coverage on Hormel Foods in a research note on Monday, October 21st. They set an “underperform” rating and a $28.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.17.

Insider Activity

In other Hormel Foods news, VP Steven J. Lykken acquired 4,904 shares of Hormel Foods stock in a transaction that occurred on 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 completion of the purchase, the vice president now directly owns 7,100 shares in the company, valued at $230,537. This trade represents a 223.32 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by insiders.

Hormel Foods Trading Down 1.6 %

Shares of Hormel Foods stock opened at $28.55 on Thursday. The firm has a market capitalization of $15.67 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.74 and a beta of 0.26. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $30.92 and its 200 day moving average is $31.32. Hormel Foods Co. has a 1 year low of $28.51 and a 1 year high of $36.86.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $0.42 earnings per share (EPS) 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 company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. 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 declared 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 is a boost from Hormel Foods’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Monday, January 13th. Hormel Foods’s payout ratio is 79.45%.

About Hormel Foods

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.