Hormel Foods Co. (NYSE:HRL) Shares Purchased by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC raised its holdings in shares of Hormel Foods Co. (NYSE:HRL) by 86.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,484 shares of the company’s stock after buying an additional 690 shares during the period. Capital Advisors Ltd. LLC’s holdings in Hormel Foods were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HRL. Blue Trust Inc. lifted its position in Hormel Foods by 212.9% during the third quarter. Blue Trust Inc. now owns 3,893 shares of the company’s stock valued at $119,000 after buying an additional 2,649 shares in the last quarter. Raymond James & Associates lifted its position in shares of Hormel Foods by 4.9% during the third quarter. Raymond James & Associates now owns 164,216 shares of the company’s stock worth $5,206,000 after purchasing an additional 7,663 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Hormel Foods by 12.2% during the third quarter. Private Advisor Group LLC now owns 102,418 shares of the company’s stock worth $3,247,000 after purchasing an additional 11,170 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Hormel Foods by 3,481.2% during the third quarter. International Assets Investment Management LLC now owns 40,432 shares of the company’s stock worth $12,820,000 after purchasing an additional 39,303 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hormel Foods by 33.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,186 shares of the company’s stock worth $1,465,000 after purchasing an additional 11,550 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Hormel Foods Stock Down 1.6 %

Shares of NYSE:HRL opened at $29.17 on Tuesday. 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 company has a fifty day simple moving average of $30.25 and a 200 day simple moving average of $31.12. The firm has a market cap of $16.01 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.73 and a beta of 0.26. Hormel Foods Co. has a 12-month low of $28.03 and a 12-month high of $36.86.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.14 billion. Hormel Foods had a return on equity of 10.95% and a net margin of 6.75%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, equities research analysts anticipate that Hormel Foods Co. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at Hormel Foods

In other Hormel Foods news, VP Steven J. Lykken bought 4,904 shares of the stock in a transaction on Friday, December 6th. The stock was purchased at an average price of $32.47 per share, for a total transaction of $159,232.88. Following the completion of the purchase, the vice president now directly owns 7,100 shares in the company, valued at approximately $230,537. This trade represents a 223.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

HRL has been the topic of a number of recent research reports. Barclays raised shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Stephens reissued an “equal weight” rating and set a $31.00 target price on shares of Hormel Foods in a research report on Tuesday, February 18th. Finally, Citigroup reduced their target price on shares of Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Hormel Foods currently has an average rating of “Hold” and an average target price of $31.17.

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.