Will Hormel Foods’ Dividend News Make These Top Institutional Shareholders Happy?

Hormel Foods (NYSE:HRL) announced that its quarterly dividend on the common stock, authorized by the Board of Directors at 17 cents a share on March 25, 2013, is to be paid on May 15, 2013, to stockholders of record when business closes on April 22, 2013. The May 15 payment is to be the 339th consecutive quarterly dividend that has been paid by the company. Hormel Foods Corporation became public in 1928, and since then, it has paid a regular quarterly dividend without interruption.

These institutional firms indicated owning shares of Hormel Foods in Q4 2012. They reported owning a total of 86.178 million shares on 12/31/2012. The shares closed at $31.06 on 12/31/2012.

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Here are the ten largest positions in Hormel Foods at the end of December 31, 2012.

Vanguard Group Inc held 10,511,588 shares on 12/31/2012 worth $328,066,652. This brought the portfolio total to 0.04 percent.

State Street Corp held 10,141,524 shares on 12/31/2012 worth $316,516,955. This brought the portfolio total to 0.05 percent.

Blackrock Institutional Trust Company N.A. held 3,669,666 shares on 12/31/2012 worth $114,530,273. This brought the portfolio total to 0.03 percent.

UBS Gobal Asset Management Americas inc held 3,511,082 shares on 12/31/2012 worth $109,580,866. This brought the portfolio total to 0.16 percent.

Mairs & Power Inc held 3,421,148 shares on 12/31/2012 worth $106,774,026. This brought the portfolio total to 2.54 percent.

Invesco Ltd. held 1,819,011 shares on 12/31/2012 worth $56,771,332. This brought the portfolio total to 0.03 percent.

Northern Trust Corp held 1,689,752 shares on 12/31/2012 worth $52,737,158. This brought the portfolio total to 0.02 percent.

Blackrock Fund Advisors held 1,658,325 shares on 12/31/2012 worth $51,756,322. This brought the portfolio total to 0.02 percent.

Norges Bank held 1,579,243 shares on 12/31/2012 worth $49,288,173. This brought the portfolio total to 0.04 percent.

Schroder Investment Management Group held 1,505,026 shares on 12/31/2012 worth $46,971,860. This brought the portfolio total to 0.14 percent.

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