Farther Finance Advisors LLC trimmed its stake in shares of Hormel Foods Co. (NYSE:HRL – Free Report) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,734 shares of the company’s stock after selling 2,026 shares during the quarter. Farther Finance Advisors LLC’s holdings in Hormel Foods were worth $462,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Hormel Foods by 67.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,926,668 shares of the company’s stock worth $91,810,000 after buying an additional 1,175,087 shares during the last quarter. Holocene Advisors LP raised its holdings in Hormel Foods by 56.0% in the 3rd quarter. Holocene Advisors LP now owns 2,237,674 shares of the company’s stock valued at $70,934,000 after acquiring an additional 802,816 shares during the period. State Street Corp lifted its position in Hormel Foods by 2.5% during the third quarter. State Street Corp now owns 25,068,102 shares of the company’s stock worth $794,659,000 after acquiring an additional 617,308 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Hormel Foods during the fourth quarter worth approximately $16,612,000. Finally, Vest Financial LLC grew its position in shares of Hormel Foods by 17.0% in the fourth quarter. Vest Financial LLC now owns 1,825,660 shares of the company’s stock valued at $57,271,000 after purchasing an additional 264,813 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors and hedge funds.
Hormel Foods Stock Performance
NYSE:HRL opened at $29.53 on Monday. The company has a market cap of $16.24 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.73 and a beta of 0.21. Hormel Foods Co. has a fifty-two week low of $27.59 and a fifty-two week high of $36.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.32. The stock has a fifty day moving average price of $29.59 and a 200-day moving average price of $30.84.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on HRL
Hormel Foods Company 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.
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