Name: Vestmark Advisory Solutions Inc. Buys 2,748 Shares of Hormel Foods Co. (NYSE:HRL)
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Vestmark Advisory Solutions Inc. Buys 2,748 Shares of Hormel Foods Co. (NYSE:HRL)

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Skip to main contentPosted by onVestmark Advisory Solutions Inc. raised its stake in Hormel Foods Co. (NYSE:HRL – Free Report) by 11.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,678 shares of the company’s stock after purchasing an additional 2,748 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Hormel Foods were worth $1,113,000 at the end of the most recent quarter.Several other hedge funds and other institutional investors have also recently bought and sold shares of HRL. Bank Julius Baer &amp; Co. Ltd Zurich increased its stake in shares of Hormel Foods by 94,580.1% during the second quarter. Bank Julius Baer &amp; Co. Ltd Zurich now owns 126,182,952 shares of the company’s stock valued at $5,075,078,000 after buying an additional 126,049,679 shares during the period. Vanguard Group Inc. increased its stake in shares of Hormel Foods by 1.7% during the first quarter. Vanguard Group Inc. now owns 33,500,871 shares of the company’s stock valued at $1,726,636,000 after buying an additional 547,495 shares during the period. State Street Corp increased its stake in shares of Hormel Foods by 2.6% during the first quarter. State Street Corp now owns 26,864,250 shares of the company’s stock valued at $1,071,346,000 after buying an additional 685,894 shares during the period. Geode Capital Management LLC increased its stake in shares of Hormel Foods by 2.3% during the first quarter. Geode Capital Management LLC now owns 6,310,807 shares of the company’s stock valued at $251,121,000 after buying an additional 144,364 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Hormel Foods by 0.4% during the first quarter. Principal Financial Group Inc. now owns 5,288,934 shares of the company’s stock valued at $210,923,000 after buying an additional 20,418 shares during the period. Institutional investors own 41.15% of the company’s stock.Several equities analysts have recently issued reports on the company. StockNews.com assumed coverage on Hormel Foods in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Piper Sandler reduced their target price on Hormel Foods from $41.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, October 13th. The Goldman Sachs Group reduced their target price on Hormel Foods from $33.00 to $29.00 and set a “sell” rating on the stock in a research note on Friday, October 13th. Finally, JPMorgan Chase &amp; Co. reduced their price target on Hormel Foods from $36.00 to $31.00 and set an “underweight” rating on the stock in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Hormel Foods currently has a consensus rating of “Hold” and an average target price of $40.00.View Our Latest Research Report on Hormel FoodsIn other Hormel Foods news, SVP Pierre M. Lilly acquired 1,454 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average cost of $37.25 per share, with a total value of $54,161.50. Following the completion of the transaction, the senior vice president now directly owns 1,454 shares of the company’s stock, valued at approximately $54,161.50. The purchase was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. In other news, SVP Pierre M. Lilly bought 1,454 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average cost of $37.25 per share, with a total value of $54,161.50. Following the completion of the transaction, the senior vice president now owns 1,454 shares of the company’s stock, valued at approximately $54,161.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kevin L. Myers sold 5,200 shares of Hormel Foods stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $30.93, for a total value of $160,836.00. Following the transaction, the senior vice president now directly owns 38,937 shares in the company, valued at $1,204,321.41. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.Shares of HRL stock opened at $32.54 on Tuesday. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 3.81 and a beta of 0.28. The business’s fifty day moving average is $36.00 and its 200 day moving average is $38.64. Hormel Foods Co. has a twelve month low of $30.70 and a twelve month high of $49.73. The company has a quick ratio of 0.65, a current ratio of 1.40 and a debt-to-equity ratio of 0.31.Hormel Foods (NYSE:HRL – Get Free Report) last issued its quarterly earnings results on Thursday, August 31st. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Hormel Foods had a net margin of 7.20% and a return on equity of 12.20%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. Hormel Foods’s revenue was down 2.3% compared to the same quarter last year. Research analysts expect that Hormel Foods Co. will post 1.64 EPS for the current fiscal year.The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 16th will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, October 13th. This represents a $1.10 annualized dividend and a dividend yield of 3.38%. Hormel Foods’s payout ratio is presently 68.32%.(Free Report)Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International &amp; Other.Receive News &amp; Ratings for Hormel Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hormel Foods and related companies with MarketBeat.com's FREE daily email newsletter.Desjardins Global Asset Management Inc. Raises Stock Position in Nio Inc –Ventas, Inc. Stake Cut by Desjardins Global Asset Management Inc.Desjardins Global Asset Management Inc. Purchases 5,177 Shares of Caesars Entertainment, Inc.Vestmark Advisory Solutions Inc. Buys 2,748 Shares of Hormel Foods Co.Ventas, Inc. Shares Sold by Desjardins Global Asset Management Inc.Desjardins Global Asset Management Inc. Acquires 2,069 Shares of Arrow Electronics, Inc.Complete the form below to receive the latest headlines and analysts' recommendations for Hormel Foods with MarektBeat's free daily email newsletter:

Skip to main contentPosted by onVestmark Advisory Solutions Inc. raised its stake in Hormel Foods Co. (NYSE:HRL – Free Report) by 11.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,678 shares of the company’s stock after purchasing an additional 2,748 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Hormel Foods were worth $1,113,000 at the end of the most recent quarter.Several other hedge funds and other institutional investors have also recently bought and sold shares of HRL. Bank Julius Baer &amp; Co. Ltd Zurich...

Vestmark Advisory Solutions Inc. Buys 2,748 Shares of Hormel Foods Co. (NYSE:HRL)

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