Signaturefd LLC Has $108,000 Stock Position in Hormel Foods Co. (NYSE:HRL)

Signaturefd LLC lessened its holdings in shares of Hormel Foods Co. (NYSE:HRL) by 24.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,443 shares of the company’s stock after selling 1,120 shares during the quarter. Signaturefd LLC’s holdings in Hormel Foods were worth $108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Greenleaf Trust raised its position in shares of Hormel Foods by 4.4% during the fourth quarter. Greenleaf Trust now owns 8,029 shares of the company’s stock worth $252,000 after purchasing an additional 336 shares during the period. CFS Investment Advisory Services LLC raised its holdings in Hormel Foods by 2.8% during the 4th quarter. CFS Investment Advisory Services LLC now owns 13,445 shares of the company’s stock worth $422,000 after buying an additional 360 shares during the period. Empower Advisory Group LLC lifted its stake in Hormel Foods by 4.0% in the fourth quarter. Empower Advisory Group LLC now owns 10,038 shares of the company’s stock valued at $315,000 after buying an additional 389 shares in the last quarter. New Century Financial Group LLC boosted its holdings in shares of Hormel Foods by 6.2% in the fourth quarter. New Century Financial Group LLC now owns 6,738 shares of the company’s stock valued at $211,000 after buying an additional 392 shares during the period. Finally, MML Investors Services LLC increased its position in shares of Hormel Foods by 4.8% during the third quarter. MML Investors Services LLC now owns 9,108 shares of the company’s stock worth $289,000 after acquiring an additional 416 shares in the last quarter. 40.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HRL. Stephens reaffirmed an “equal weight” rating and issued a $31.00 target price on shares of Hormel Foods in a research note on Tuesday, February 18th. Barclays raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.80.

Hormel Foods Stock Up 1.2 %

Hormel Foods stock opened at $30.04 on Monday. The company has a fifty day simple moving average of $29.54 and a 200 day simple moving average of $30.75. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. Hormel Foods Co. has a 1-year low of $27.59 and a 1-year high of $36.86. The company has a market cap of $16.52 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 2.73 and a beta of 0.21.

About Hormel Foods

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.