Hormel Foods Co. (NYSE:HRL) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its stake in shares of Hormel Foods Co. (NYSE:HRL) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,619 shares of the company’s stock after selling 422 shares during the period. Securian Asset Management Inc.’s holdings in Hormel Foods were worth $490,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Crews Bank & Trust acquired a new stake in Hormel Foods during the fourth quarter worth about $25,000. Brooklyn Investment Group purchased a new stake in shares of Hormel Foods in the 3rd quarter valued at approximately $32,000. Prospera Private Wealth LLC acquired a new stake in shares of Hormel Foods during the 3rd quarter worth approximately $39,000. Fairway Wealth LLC purchased a new stake in shares of Hormel Foods during the 4th quarter valued at approximately $44,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in Hormel Foods by 86.9% in the fourth 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 last quarter. 40.99% of the stock is currently owned by hedge funds and other institutional investors.

Hormel Foods Price Performance

HRL stock opened at $30.01 on Tuesday. The company has a market capitalization of $16.50 billion, a PE ratio of 20.55, a P/E/G ratio of 2.73 and a beta of 0.21. Hormel Foods Co. has a 12-month low of $27.59 and a 12-month 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 business’s fifty day moving average price is $29.58 and its 200 day moving average price is $30.82.

Analysts Set New Price Targets

A number of research firms have commented on HRL. Stephens restated an “equal weight” rating and issued a $31.00 target price 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. Finally, Citigroup dropped their price target on shares of Hormel Foods from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hormel Foods presently has a consensus rating of “Hold” and a consensus price target of $31.80.

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.