Guardian Wealth Advisors LLC Purchases Shares of Hormel Foods Co. (NYSE:HRL)

Financial Advisors


Guardian Wealth Advisors LLC increased its stake in Hormel Foods Co. (NYSE:HRL – Get Rating) by 1,814.4% in the fourth quarter, according to its latest Form 13F filed with the SEC. The fund owned 11,027 shares of the company after he purchased an additional 10,451 shares during the period. Guardian Wealth Advisors LLC’s holdings in Hormel Foods were valued at $502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also increased or decreased their stakes in the company recently. Quadrant Capital Group LLC boosted his position in Hormel Foods by 4.9% in the third quarter. Quadrant Capital Group LLC now owns 4,537 shares of the company worth $206,000 after he purchased an additional 212 shares during this period. IFP Advisors Inc raised his position in Hormel Foods by 5.0% in the third quarter. IFP Advisors Inc now owns 4,755 shares of the company worth $177,000 after purchasing an additional 225 shares during this period. ICW Investment Advisors LLC increased its position in Hormel Foods by 0.6% in the third quarter. ICW Investment Advisors LLC now owns 37,330 shares of the company stock valued at $1,696,000 after purchasing an additional 230 shares during this period. Insight Folios Inc increased its position in Hormel Foods by 3.5% in the fourth quarter. After purchasing an additional 236 shares during this period, Insight Folios Inc now owns 6,889 shares of the company stock valued at $314,000. Finally, the Czech National Bank increased its position in Hormel Foods by 0.7% in the fourth quarter. Czech National Bank now owns 33,885 shares of the company worth $1,543,000 after purchasing a further 251 shares during this period. Institutional investors and hedge funds own 39.74% of the company’s shares.

Analyst Rating Change

Many equity research analysts have commented on the company. JPMorgan Chase & Company downgraded Hormel Foods from ‘neutral’ to ‘undervalued’ in a research report on Friday, March 3, lowering the company’s target price from $47.00 to $38.00. rice field. StockNews.com undertook coverage on Hormel Foods in a report Thursday, March 16. They issued a “Hold” rating on the stock. Barclays lowered its price target for Hormel Foods from $48.00 to $45.00, he said in a report on Friday, March 3. Argus downgraded Hormel Foods’ rating from ‘buy’ to ‘hold’ in his Thursday, March 30 report. Finally, TheStreet downgraded Hormel Foods’ rating from ‘b’ to ‘c+’ in his Thursday, March 2 report. One Research his analyst gave the stock a sell rating and five issued a hold rating on the company’s stock. Based on MarketBeat.com data, Hormel Foods’ current consensus rating is “Hold” with an average price target of $44.14.

Insider trading at Hormel Foods

In another news, Director Elsa A. Murano sold 6,000 shares of the company in a transaction on Monday, April 3rd. The shares sold for an average of $40.50 and the total transaction value he was $243,000.00. Following the closing of the transaction, the directors now own directly 102,698 shares of the Company’s stock valued at approximately $4,159,269. The transaction was disclosed in legal filings with the SEC available at this hyperlink. In another news, Director Elsa A. Murano sold 6,000 shares of the company in a transaction on Monday, April 3rd. The shares sold for an average of $40.50 and the total transaction value he was $243,000.00. Following the closing of the transaction, the directors now own directly 102,698 shares of the Company’s stock valued at approximately $4,159,269. The transaction was disclosed in legal filings with the SEC available at this hyperlink. In addition, Director Becera Jose Luis Prado sold 5,200 shares in the company in a transaction on Monday, March 27. The shares were sold at an average price of $39.01 for a total of $202,852.00. Following the transaction, the directors now own directly 18,410 shares of the Company stock valued at $718,174.10. Please see here for the disclosure of this sale. The insider owns his 0.81% of the company’s shares.

Hormel Foods shares fell 0.2%

The NYSE HRL fell $0.06 to $39.84 during Friday’s trading hours. 258,795 of his shares in the company were exchanged, but the average trading volume was 1,989,191 of his shares. The company has a 50-day moving average of $41.19 and a 200-day moving average of $44.48. The company has a quick ratio of 1.07, a current ratio of 2.33 and a debt to equity ratio of 0.43. Hormel Foods Co. has a 52-week low of $37.78 and a 52-week high of $54.91. The company has a market capitalization of $21.77 billion, a price/earnings ratio of 22.29, a PEG ratio of 3.92 and a beta of 0.17.

Hormel Foods (NYSE:HRL – Get Rating) last reported quarterly results on Thursday, March 2nd. The company reported earnings of $0.40 a share for him in the quarter, missing his $0.45 ($0.05) from consensus expectations. Hormel Foods had a return on equity of 13.10% and a net profit margin of 7.90%. The company posted quarterly sales of $2.97 billion, compared with analyst estimates of $3.08 billion. During the same quarter last year, the company earned his EPS of $0.44. Hormel Foods’ fourth quarter revenue decreased by 2.4% compared to the same period last year. An equity research analyst expects Hormel Foods Co. to post his 1.74 earnings per share this year.

Hormel Foods Dividend Notice

The company recently announced a quarterly dividend payable on Monday, May 15th. Shareholders of record on Monday, April 17 will receive a dividend of $0.275 per share. The ex-dividend date is Friday, April 14. This represents his $1.10 dividend and his 2.76% dividend yield on an annualized basis. Hormel Foods’ dividend payout ratio is currently 61.45%.

Hormel Foods Company Profile

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Hormel Foods Corp. is engaged in the manufacture of meat and food products. It operates through Grocery, Chilled Food, Jennie-O Turkish Store, International and Other segments. The Grocery segment focuses on the processing, marketing and sale of shelf-stable foods sold in the retail market.

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Want to know other hedge funds holding HRL? Visit HoldingsChannel.com to get the latest Hormel Foods Co. (NYSE:HRL – Get Rating) 13F filings and insider trading.

Hormel Foods (NYSE:HRL) Quarterly Institutional Ownership

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