Machina Capital S.A.S. Sells 10,383 Shares of Hormel Foods Co. (NYSE:HRL)

Machina Capital S.A.S. reduced its stake in Hormel Foods Co. (NYSE:HRL) by 47.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,552 shares of the company’s stock after selling 10,383 shares during the quarter. Machina Capital S.A.S.’s holdings in Hormel Foods were worth $362,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Hormel Foods by 56.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 28,171 shares of the company’s stock worth $893,000 after purchasing an additional 10,163 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Hormel Foods during the third quarter worth approximately $47,000. CWA Asset Management Group LLC bought a new position in shares of Hormel Foods during the third quarter worth approximately $298,000. Covestor Ltd increased its holdings in shares of Hormel Foods by 41.5% during the third quarter. Covestor Ltd now owns 2,843 shares of the company’s stock worth $90,000 after purchasing an additional 834 shares during the period. Finally, Sigma Planning Corp increased its holdings in shares of Hormel Foods by 10.1% during the third quarter. Sigma Planning Corp now owns 15,804 shares of the company’s stock worth $501,000 after purchasing an additional 1,449 shares during the period. 40.99% of the stock is owned by institutional investors.

Hormel Foods Stock Performance

NYSE HRL opened at $29.92 on Monday. 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 has a market capitalization of $16.45 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.73 and a beta of 0.21. The firm’s 50 day simple moving average is $29.76 and its 200 day simple moving average is $30.92. Hormel Foods Co. has a 1 year low of $27.59 and a 1 year high of $36.86.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Stephens reaffirmed an “equal weight” rating and set a $31.00 target price on shares of Hormel Foods in a report on Tuesday, February 18th. Citigroup lowered their target price on shares of Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Finally, Barclays upgraded shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Hormel Foods presently has an average rating of “Hold” and a consensus target price of $31.80.

Hormel Foods 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.