Hormel Foods Co. (NYSE:HRL) Shares Purchased by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV increased its position in shares of Hormel Foods Co. (NYSE:HRL) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,442 shares of the company’s stock after acquiring an additional 1,515 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Hormel Foods were worth $1,614,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HRL. Greenleaf Trust increased its stake in Hormel Foods by 4.4% in the 4th quarter. Greenleaf Trust now owns 8,029 shares of the company’s stock worth $252,000 after purchasing an additional 336 shares in the last quarter. CFS Investment Advisory Services LLC increased its stake in Hormel Foods by 2.8% in the 4th quarter. CFS Investment Advisory Services LLC now owns 13,445 shares of the company’s stock worth $422,000 after purchasing an additional 360 shares in the last quarter. Empower Advisory Group LLC increased its stake in Hormel Foods by 4.0% in the 4th quarter. Empower Advisory Group LLC now owns 10,038 shares of the company’s stock worth $315,000 after purchasing an additional 389 shares in the last quarter. New Century Financial Group LLC increased its stake in Hormel Foods by 6.2% in the 4th quarter. New Century Financial Group LLC now owns 6,738 shares of the company’s stock worth $211,000 after purchasing an additional 392 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in Hormel Foods by 4.8% in the 3rd quarter. MML Investors Services LLC now owns 9,108 shares of the company’s stock worth $289,000 after purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HRL shares. Stephens reaffirmed an “equal weight” rating and set a $31.00 target price on shares of Hormel Foods in a research note on Tuesday, February 18th. Barclays raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Citigroup lowered their target price on Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a research note 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 assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.80.

Hormel Foods Trading Up 1.6 %

Shares of NYSE HRL opened at $30.01 on Tuesday. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.73 and a beta of 0.21. The business has a 50 day simple moving average of $29.58 and a 200 day simple moving average of $30.82. Hormel Foods Co. has a 52 week low of $27.59 and a 52 week high of $36.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.32.

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.