Hormel Foods Co. (NYSE:HRL) Shares Purchased by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV boosted its stake in Hormel Foods Co. (NYSE:HRL) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,442 shares of the company’s stock after buying an additional 1,515 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Hormel Foods were worth $1,614,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. GWN Securities Inc. acquired a new stake in Hormel Foods in the fourth quarter worth $944,000. Envestnet Portfolio Solutions Inc. increased its position in Hormel Foods by 24.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 114,995 shares of the company’s stock worth $3,607,000 after buying an additional 22,839 shares during the period. Natixis Advisors LLC increased its position in Hormel Foods by 4.4% in the fourth quarter. Natixis Advisors LLC now owns 69,538 shares of the company’s stock worth $2,181,000 after buying an additional 2,957 shares during the period. Avantax Advisory Services Inc. increased its position in Hormel Foods by 4.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 71,659 shares of the company’s stock worth $2,248,000 after buying an additional 2,971 shares during the period. Finally, HighTower Advisors LLC increased its position in Hormel Foods by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 81,659 shares of the company’s stock worth $2,562,000 after buying an additional 4,299 shares during the period. 40.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HRL shares. Citigroup lowered their price target on Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Stephens reissued an “equal weight” rating and set a $31.00 price target on shares of Hormel Foods in a report on Tuesday, February 18th. Finally, Barclays raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.80.

Hormel Foods Price Performance

NYSE:HRL opened at $30.01 on Tuesday. The business’s 50-day moving average price is $29.58 and its 200 day moving average price is $30.82. The firm has a market cap of $16.50 billion, a P/E ratio of 20.55, a PEG ratio of 2.73 and a beta of 0.21. Hormel Foods Co. has a 52-week low of $27.59 and a 52-week high of $36.86. The company has a quick ratio of 1.19, a current ratio of 2.32 and a debt-to-equity ratio of 0.36.

Hormel Foods Company 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.