Mesirow Financial Investment Management Inc. Invests $201,000 in Hormel Foods Co. (NYSE:HRL)

Mesirow Financial Investment Management Inc. acquired a new position in Hormel Foods Co. (NYSE:HRL) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 6,405 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HRL. Robeco Institutional Asset Management B.V. lifted its stake in shares of Hormel Foods by 56.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 28,171 shares of the company’s stock valued at $893,000 after purchasing an additional 10,163 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Hormel Foods in the 3rd quarter valued at approximately $47,000. CWA Asset Management Group LLC purchased a new position in shares of Hormel Foods in the 3rd quarter valued at approximately $298,000. Covestor Ltd lifted its stake in shares of Hormel Foods by 41.5% in the 3rd quarter. Covestor Ltd now owns 2,843 shares of the company’s stock valued at $90,000 after purchasing an additional 834 shares during the period. Finally, Sigma Planning Corp lifted its stake in shares of Hormel Foods by 10.1% in the 3rd quarter. Sigma Planning Corp now owns 15,804 shares of the company’s stock valued at $501,000 after purchasing an additional 1,449 shares during the period. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Up 3.2 %

Shares of NYSE:HRL opened at $29.92 on Monday. The stock has a fifty day simple moving average of $29.76 and a two-hundred day simple moving average of $30.92. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.73 and a beta of 0.21. Hormel Foods Co. has a 12-month low of $27.59 and a 12-month high of $36.86. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Analyst Upgrades and Downgrades

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