Hormel Foods Co. (NYSE:HRL) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of Hormel Foods Co. (NYSE:HRL) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,538 shares of the company’s stock after buying an additional 2,957 shares during the period. Natixis Advisors LLC’s holdings in Hormel Foods were worth $2,181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Avantax Advisory Services Inc. lifted its position in Hormel Foods by 4.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 71,659 shares of the company’s stock valued at $2,248,000 after buying an additional 2,971 shares in the last quarter. HighTower Advisors LLC lifted its position in Hormel Foods by 5.6% during the fourth quarter. HighTower Advisors LLC now owns 81,659 shares of the company’s stock valued at $2,562,000 after buying an additional 4,299 shares in the last quarter. Fairway Wealth LLC acquired a new position in Hormel Foods during the fourth quarter valued at approximately $44,000. Daiwa Securities Group Inc. lifted its position in Hormel Foods by 4.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 53,269 shares of the company’s stock valued at $1,671,000 after buying an additional 2,510 shares in the last quarter. Finally, Amundi lifted its position in Hormel Foods by 16.5% during the fourth quarter. Amundi now owns 1,406,527 shares of the company’s stock valued at $42,815,000 after buying an additional 198,931 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on HRL shares. Stephens reaffirmed an “equal weight” rating and set a $31.00 price target on shares of Hormel Foods in a research report on Tuesday, February 18th. Barclays raised shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a research 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 given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.80.

Hormel Foods Trading Up 1.2 %

NYSE HRL opened at $30.04 on Monday. The company’s fifty day simple moving average is $29.54 and its 200-day simple moving average is $30.75. Hormel Foods Co. has a 52 week low of $27.59 and a 52 week high of $36.86. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The stock has a market cap of $16.52 billion, a P/E ratio of 20.57, a PEG ratio of 2.73 and a beta of 0.21.

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.