AlphaQuest LLC Sells 394 Shares of Hormel Foods Co. (NYSE:HRL)

AlphaQuest LLC reduced its holdings in shares of Hormel Foods Co. (NYSE:HRL) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,488 shares of the company’s stock after selling 394 shares during the quarter. AlphaQuest LLC’s holdings in Hormel Foods were worth $266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crews Bank & Trust bought a new stake in shares of Hormel Foods during the fourth quarter valued at about $25,000. Brooklyn Investment Group purchased a new position in Hormel Foods during the third quarter valued at approximately $32,000. Prospera Private Wealth LLC purchased a new position in Hormel Foods during the third quarter valued at approximately $39,000. Capital Advisors Ltd. LLC increased its holdings in Hormel Foods by 86.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company’s stock worth $47,000 after acquiring an additional 690 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in Hormel Foods by 91.8% in the 4th quarter. Lindbrook Capital LLC now owns 1,523 shares of the company’s stock worth $48,000 after purchasing an additional 729 shares in the last quarter. 40.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HRL shares. Citigroup lowered their price objective on Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Stephens reaffirmed an “equal weight” rating and issued a $31.00 price target on shares of Hormel Foods in a report on Tuesday, February 18th. Finally, Barclays upgraded Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.80.

Hormel Foods Price Performance

Shares of Hormel Foods stock opened at $29.53 on Friday. The firm has a market capitalization of $16.24 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.73 and a beta of 0.21. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. Hormel Foods Co. has a 12 month low of $27.59 and a 12 month high of $36.86. The business’s 50-day moving average price is $29.59 and its 200-day moving average price is $30.85.

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.