10,933 Shares in Hormel Foods Co. (NYSE:HRL) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new position in shares of Hormel Foods Co. (NYSE:HRL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,933 shares of the company's stock, valued at approximately $343,000.

Several other hedge funds also recently made changes to their positions in the business. Crews Bank & Trust acquired a new stake in shares of Hormel Foods during the 4th quarter worth approximately $25,000. Brooklyn Investment Group acquired a new stake in shares of Hormel Foods during the 3rd quarter worth approximately $32,000. Prospera Private Wealth LLC acquired a new stake in shares of Hormel Foods during the 3rd quarter worth approximately $39,000. Capital Performance Advisors LLP acquired a new stake in shares of Hormel Foods during the 3rd quarter worth approximately $47,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Hormel Foods by 86.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company's stock worth $47,000 after acquiring an additional 690 shares in the last quarter. 40.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on HRL. Citigroup reduced 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. Barclays upgraded shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Finally, Stephens restated an "equal weight" rating and issued a $31.00 target price on shares of Hormel Foods in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.80.

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Hormel Foods Trading Up 3.2 %

Shares of NYSE:HRL traded up $0.92 during mid-day trading on Friday, reaching $29.92. 2,854,939 shares of the company's stock were exchanged, compared to its average volume of 2,396,358. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.73 and a beta of 0.21. The business's fifty day moving average price is $29.76 and its 200-day moving average price is $30.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.32. Hormel Foods Co. has a twelve month low of $27.59 and a twelve month high of $36.86.

Hormel Foods (NYSE:HRL - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.14 billion. Hormel Foods had a return on equity of 10.95% and a net margin of 6.75%. Hormel Foods's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, research analysts predict that Hormel Foods Co. will post 1.65 EPS for the current fiscal year.

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.