Hormel Foods Co. (NYSE:HRL) Shares Sold by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its stake in shares of Hormel Foods Co. (NYSE:HRL) by 8.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 38,365 shares of the company’s stock after selling 3,620 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Hormel Foods were worth $1,204,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Greenleaf Trust raised its position in Hormel Foods by 4.4% during the fourth quarter. Greenleaf Trust now owns 8,029 shares of the company’s stock worth $252,000 after acquiring an additional 336 shares during the period. Empower Advisory Group LLC raised its position in Hormel Foods by 3.7% during the third quarter. Empower Advisory Group LLC now owns 9,649 shares of the company’s stock worth $306,000 after acquiring an additional 342 shares during the period. CFS Investment Advisory Services LLC raised its position in Hormel Foods by 2.8% during the fourth quarter. CFS Investment Advisory Services LLC now owns 13,445 shares of the company’s stock worth $422,000 after acquiring an additional 360 shares during the period. New Century Financial Group LLC raised its position in Hormel Foods by 6.2% during the fourth quarter. New Century Financial Group LLC now owns 6,738 shares of the company’s stock worth $211,000 after acquiring an additional 392 shares during the period. Finally, MML Investors Services LLC raised its position in Hormel Foods by 4.8% during the third quarter. MML Investors Services LLC now owns 9,108 shares of the company’s stock worth $289,000 after acquiring an additional 416 shares during the period. 40.99% of the stock is currently owned by institutional investors and hedge funds.

Hormel Foods Price Performance

Hormel Foods stock opened at $29.23 on Thursday. 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 company has a 50-day moving average price of $29.67 and a 200 day moving average price of $30.89. Hormel Foods Co. has a 12-month low of $27.59 and a 12-month high of $36.86. The stock has a market cap of $16.08 billion, a P/E ratio of 20.02, a PEG ratio of 2.73 and a beta of 0.21.

Analysts Set New Price Targets

HRL has been the subject of a number of research reports. Stephens reaffirmed an “equal weight” rating and set a $31.00 target price on shares of Hormel Foods in a report on Tuesday, February 18th. Citigroup dropped their target price on shares of Hormel Foods from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. Finally, Barclays raised shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. One investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.80.

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.