GWN Securities Inc. Acquires Shares of 30,576 Hormel Foods Co. (NYSE:HRL)

GWN Securities Inc. acquired a new stake in shares of Hormel Foods Co. (NYSE:HRL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,576 shares of the company’s stock, valued at approximately $944,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crews Bank & Trust purchased a new position in Hormel Foods during the fourth quarter valued at $25,000. Brooklyn Investment Group purchased a new position in shares of Hormel Foods in the 3rd quarter worth about $32,000. Prospera Private Wealth LLC purchased a new position in shares of Hormel Foods in the 3rd quarter worth about $39,000. Fairway Wealth LLC purchased a new position in shares of Hormel Foods in the 4th quarter worth about $44,000. Finally, Capital Advisors Ltd. LLC raised its position in shares of Hormel Foods by 86.9% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company’s stock worth $47,000 after purchasing an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HRL. Citigroup lowered their price target on Hormel Foods from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. Barclays raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Stephens reissued 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 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 company’s stock. Based on data from MarketBeat.com, Hormel Foods has an average rating of “Hold” and an average target price of $31.80.

Hormel Foods Price Performance

Shares of NYSE:HRL opened at $29.53 on Friday. Hormel Foods Co. has a fifty-two week low of $27.59 and a fifty-two week high of $36.86. The business has a 50-day simple moving average of $29.59 and a two-hundred day simple moving average of $30.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.32. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.73 and a beta of 0.21.

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.