Hormel Foods Co. (NYSE:HRL) Shares Acquired by ICW Investment Advisors LLC

ICW Investment Advisors LLC lifted its holdings in Hormel Foods Co. (NYSE:HRL) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,473 shares of the company’s stock after buying an additional 459 shares during the quarter. ICW Investment Advisors LLC’s holdings in Hormel Foods were worth $1,395,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HRL. Natixis Advisors LLC boosted its stake in shares of Hormel Foods by 11.2% in the third quarter. Natixis Advisors LLC now owns 66,581 shares of the company’s stock valued at $2,111,000 after buying an additional 6,710 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Hormel Foods by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,846,936 shares of the company’s stock valued at $58,548,000 after buying an additional 66,261 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Hormel Foods by 20.8% in the third quarter. Raymond James Trust N.A. now owns 18,788 shares of the company’s stock valued at $596,000 after buying an additional 3,236 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Hormel Foods by 13.1% in the third quarter. Citigroup Inc. now owns 452,510 shares of the company’s stock valued at $14,345,000 after buying an additional 52,457 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Hormel Foods by 80.2% in the third quarter. Cerity Partners LLC now owns 69,390 shares of the company’s stock valued at $2,200,000 after buying an additional 30,879 shares in the last quarter. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Hormel Foods Stock Up 1.2 %

HRL opened at $30.04 on Monday. 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 one year low of $27.59 and a one year high of $36.86. The business’s fifty day moving average is $29.54 and its two-hundred day moving average is $30.75. The company has a market cap of $16.52 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.73 and a beta of 0.21.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stephens reiterated an “equal weight” rating and set a $31.00 target price on shares of Hormel Foods in a research report on Tuesday, February 18th. Barclays upgraded Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.