Swiss National Bank Sells 39,900 Shares of Hormel Foods Co. (NYSE:HRL)

Swiss National Bank lessened its holdings in shares of Hormel Foods Co. (NYSE:HRL) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 852,000 shares of the company’s stock after selling 39,900 shares during the quarter. Swiss National Bank owned approximately 0.16% of Hormel Foods worth $26,727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crews Bank & Trust bought a new position in Hormel Foods during the fourth quarter valued at approximately $25,000. Brooklyn Investment Group bought a new position in shares of Hormel Foods in the third quarter valued at approximately $32,000. Prospera Private Wealth LLC bought a new position in shares of Hormel Foods in the third quarter valued at approximately $39,000. Fairway Wealth LLC bought a new position in shares of Hormel Foods in the fourth quarter valued at approximately $44,000. Finally, Capital Advisors Ltd. LLC raised its position in shares of Hormel Foods by 86.9% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company’s stock valued at $47,000 after purchasing an additional 690 shares during the period. Institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Up 1.6 %

HRL opened at $30.01 on Tuesday. 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 current ratio of 2.32 and a quick ratio of 1.19. The firm’s fifty day moving average price is $29.58 and its two-hundred day moving average price is $30.82. The company has a market capitalization of $16.50 billion, a P/E ratio of 20.55, a P/E/G ratio of 2.73 and a beta of 0.21.

Analyst Ratings Changes

A number of research firms have recently commented on HRL. Barclays raised shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Citigroup dropped their price target 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. Finally, Stephens reissued an “equal weight” rating and issued a $31.00 price target on shares of Hormel Foods in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.