Machina Capital S.A.S. Sells 10,383 Shares of Hormel Foods Co. (NYSE:HRL)

Machina Capital S.A.S. cut its position in Hormel Foods Co. (NYSE:HRL - Free Report) by 47.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,552 shares of the company's stock after selling 10,383 shares during the quarter. Machina Capital S.A.S.'s holdings in Hormel Foods were worth $362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Hormel Foods by 67.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,926,668 shares of the company's stock valued at $91,810,000 after acquiring an additional 1,175,087 shares during the period. Holocene Advisors LP lifted its stake 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 purchasing an additional 802,816 shares during the last quarter. State Street Corp grew its holdings in Hormel Foods by 2.5% during the third quarter. State Street Corp now owns 25,068,102 shares of the company's stock worth $794,659,000 after purchasing an additional 617,308 shares during the period. Van ECK Associates Corp acquired a new position in Hormel Foods during the fourth quarter worth approximately $16,612,000. Finally, Vest Financial LLC raised its stake in Hormel Foods by 17.0% in the fourth quarter. Vest Financial LLC now owns 1,825,660 shares of the company's stock valued at $57,271,000 after buying an additional 264,813 shares during the period. 40.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HRL has been the subject of several research analyst reports. Citigroup reduced their target price 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. Barclays raised shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Finally, Stephens reaffirmed an "equal weight" rating and set a $31.00 target price on shares of Hormel Foods in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $31.80.

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Hormel Foods Stock Performance

NYSE HRL traded down $0.16 on Tuesday, reaching $30.11. The stock had a trading volume of 1,290,482 shares, compared to its average volume of 2,395,562. Hormel Foods Co. has a 1-year low of $27.59 and a 1-year 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 company has a market cap of $16.56 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 2.73 and a beta of 0.21. The firm has a fifty day moving average of $29.74 and a two-hundred day moving average of $30.91.

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.