Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Reduces Position in Hormel Foods Co. (NYSE:HRL)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its stake in shares of Hormel Foods Co. (NYSE:HRL) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,365 shares of the company’s stock after selling 3,620 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Hormel Foods were worth $1,204,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Crews Bank & Trust purchased a new stake in Hormel Foods during the 4th quarter worth approximately $25,000. Brooklyn Investment Group acquired a new stake in Hormel Foods during the 3rd quarter valued at approximately $32,000. Prospera Private Wealth LLC acquired a new stake in Hormel Foods during the 3rd quarter valued at approximately $39,000. Fairway Wealth LLC acquired a new stake in Hormel Foods during the 4th quarter valued at approximately $44,000. Finally, Capital Advisors Ltd. LLC lifted its stake in Hormel Foods by 86.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company’s stock valued at $47,000 after acquiring an additional 690 shares during the period. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Hormel Foods Stock Performance

HRL opened at $29.23 on Thursday. 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 has a fifty day moving average price of $29.67 and a 200 day moving average price of $30.89. Hormel Foods Co. has a 1 year low of $27.59 and a 1 year high of $36.86. The stock has a market cap of $16.08 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.73 and a beta of 0.21.

Analyst Upgrades and Downgrades

HRL has been the subject of several research reports. Barclays upgraded shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Citigroup decreased their price objective on shares of Hormel Foods from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 19th. Finally, Stephens restated an “equal weight” rating and set a $31.00 price objective on shares of Hormel Foods in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.80.

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.