Hormel Foods Co. (NYSE:HRL) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of Hormel Foods Co. (NYSE:HRL - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,898,796 shares of the company's stock after acquiring an additional 51,860 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.35% of Hormel Foods worth $59,565,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Grandfield & Dodd LLC boosted its stake in Hormel Foods by 4.4% during the 4th quarter. Grandfield & Dodd LLC now owns 965,300 shares of the company's stock valued at $30,281,000 after acquiring an additional 40,935 shares during the last quarter. Quintet Private Bank Europe S.A. bought a new position in Hormel Foods during the 4th quarter valued at $82,000. SBI Securities Co. Ltd. bought a new position in Hormel Foods during the 4th quarter valued at $343,000. Jones Financial Companies Lllp boosted its stake in Hormel Foods by 128.4% during the 4th quarter. Jones Financial Companies Lllp now owns 16,455 shares of the company's stock valued at $516,000 after acquiring an additional 9,252 shares during the last quarter. Finally, Metis Global Partners LLC boosted its stake in Hormel Foods by 10.7% during the 4th quarter. Metis Global Partners LLC now owns 21,299 shares of the company's stock valued at $668,000 after acquiring an additional 2,064 shares during the last quarter. 40.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HRL. Stephens reissued an "equal weight" rating and set a $31.00 target price on shares of Hormel Foods in a report on Tuesday, February 18th. Barclays raised shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Finally, Citigroup dropped their target price on shares of Hormel Foods from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $31.80.

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Hormel Foods Stock Performance

Shares of HRL stock traded up $0.04 during trading hours on Friday, reaching $29.53. The stock had a trading volume of 2,700,553 shares, compared to its average volume of 2,388,168. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.32 and a quick ratio of 1.19. Hormel Foods Co. has a twelve month low of $27.59 and a twelve month high of $36.86. The firm has a 50-day simple moving average of $29.59 and a 200-day simple moving average of $30.85. The firm has a market capitalization of $16.24 billion, a PE ratio of 20.22, 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.