30,576 Shares in Hormel Foods Co. (NYSE:HRL) Purchased by GWN Securities Inc.

GWN Securities Inc. purchased a new stake in Hormel Foods Co. (NYSE:HRL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,576 shares of the company's stock, valued at approximately $944,000.

A number of other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in shares of Hormel Foods by 67.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,926,668 shares of the company's stock valued at $91,810,000 after purchasing an additional 1,175,087 shares during the period. Holocene Advisors LP grew its position in Hormel Foods by 56.0% in the 3rd quarter. Holocene Advisors LP now owns 2,237,674 shares of the company's stock valued at $70,934,000 after buying an additional 802,816 shares in the last quarter. State Street Corp increased its stake in Hormel Foods by 2.5% during the 3rd quarter. State Street Corp now owns 25,068,102 shares of the company's stock valued at $794,659,000 after buying an additional 617,308 shares during the period. Van ECK Associates Corp bought a new stake in shares of Hormel Foods during the 4th quarter worth about $16,612,000. Finally, Vest Financial LLC lifted its stake in shares of Hormel Foods by 17.0% in the 4th quarter. Vest Financial LLC now owns 1,825,660 shares of the company's stock worth $57,271,000 after acquiring an additional 264,813 shares during the period. Institutional investors own 40.99% of the company's stock.

Analysts Set New Price Targets

HRL has been the topic of a number of research analyst reports. Barclays upgraded shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Stephens reiterated an "equal weight" rating and set a $31.00 price target on shares of Hormel Foods in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Hormel Foods has a consensus rating of "Hold" and a consensus price target of $31.80.

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Hormel Foods Price Performance

Shares of NYSE HRL traded down $0.09 during midday trading on Thursday, reaching $29.68. The company's stock had a trading volume of 3,133,956 shares, compared to its average volume of 2,388,114. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.73 and a beta of 0.21. Hormel Foods Co. has a one year low of $27.59 and a one year 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. The company has a 50 day moving average price of $29.56 and a 200 day moving average price of $30.80.

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.