Signaturefd LLC Has $108,000 Stock Holdings in Hormel Foods Co. (NYSE:HRL)

Signaturefd LLC decreased its stake in shares of Hormel Foods Co. (NYSE:HRL) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,443 shares of the company’s stock after selling 1,120 shares during the period. Signaturefd LLC’s holdings in Hormel Foods were worth $108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HRL. Crews Bank & Trust bought a new position in shares of Hormel Foods in the fourth quarter worth about $25,000. Brooklyn Investment Group bought a new position in Hormel Foods in the 3rd quarter worth approximately $32,000. Fairway Wealth LLC acquired a new position in Hormel Foods during the 4th quarter worth $44,000. Capital Advisors Ltd. LLC boosted its position in Hormel Foods by 86.9% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,484 shares of the company’s stock valued at $47,000 after buying an additional 690 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of Hormel Foods by 91.8% in the 4th quarter. Lindbrook Capital LLC now owns 1,523 shares of the company’s stock valued at $48,000 after buying an additional 729 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HRL shares. Stephens reiterated an “equal weight” rating and issued a $31.00 price target on shares of Hormel Foods in a report on Tuesday, February 18th. Barclays raised shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Hormel Foods currently has an average rating of “Hold” and an average target price of $31.80.

Hormel Foods Stock Up 1.2 %

Shares of Hormel Foods stock opened at $30.04 on Monday. The business has a fifty day simple moving average of $29.54 and a 200 day simple moving average of $30.75. The stock has a market cap of $16.52 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.73 and a beta of 0.21. The company has a quick ratio of 1.19, a current ratio of 2.32 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.

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.