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

GWN Securities Inc. purchased a new stake in shares of Hormel Foods Co. (NYSE:HRL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 30,576 shares of the company’s stock, valued at approximately $944,000.

Other large investors have also made changes to their positions in the company. Crews Bank & Trust bought a new position in shares of Hormel Foods during the 4th quarter valued at approximately $25,000. Brooklyn Investment Group bought a new position in shares of Hormel Foods during the 3rd quarter valued at approximately $32,000. Prospera Private Wealth LLC bought a new position in shares of Hormel Foods during the 3rd quarter valued at approximately $39,000. Fairway Wealth LLC bought a new position in shares of Hormel Foods during the 4th quarter valued at approximately $44,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Hormel Foods by 86.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company’s stock valued at $47,000 after acquiring an additional 690 shares during the period. 40.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hormel Foods Trading Up 0.1 %

HRL stock opened at $29.53 on Friday. The company has a market capitalization of $16.24 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.73 and a beta of 0.21. Hormel Foods Co. has a 1-year low of $27.59 and a 1-year 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 current ratio of 2.32 and a quick ratio of 1.19.

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.