FreeGulliver LLC Invests $273,000 in Hormel Foods Co. (NYSE:HRL)

FreeGulliver LLC acquired a new position in shares of Hormel Foods Co. (NYSE:HRL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,700 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crews Bank & Trust acquired a new position in shares of Hormel Foods during the 4th quarter worth approximately $25,000. Brooklyn Investment Group acquired a new position in shares of Hormel Foods during the 3rd quarter worth approximately $32,000. Prospera Private Wealth LLC acquired a new position in shares of Hormel Foods during the 3rd quarter worth approximately $39,000. Fairway Wealth LLC acquired a new position in shares of Hormel Foods during the 4th quarter worth approximately $44,000. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Hormel Foods by 86.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company’s stock worth $47,000 after acquiring an additional 690 shares during the last quarter. Institutional investors own 40.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HRL. Barclays raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Citigroup decreased their price objective on Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $31.00 price objective on shares of Hormel Foods in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.80.

Hormel Foods Stock Performance

NYSE:HRL opened at $29.91 on Wednesday. The stock has a fifty day moving average price of $29.57 and a 200-day moving average price of $30.80. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.73 and a beta of 0.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.32. Hormel Foods Co. has a fifty-two week low of $27.59 and a fifty-two week high of $36.86.

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.