Hormel Foods Co. (NYSE:HRL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Hormel Foods Co. (NYSE:HRL) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,835 shares of the company’s stock after selling 985 shares during the period. Mutual of America Capital Management LLC’s holdings in Hormel Foods were worth $1,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Hormel Foods by 67.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,926,668 shares of the company’s stock worth $91,810,000 after acquiring an additional 1,175,087 shares during the period. Holocene Advisors LP lifted its stake in shares of Hormel Foods by 56.0% in the 3rd quarter. Holocene Advisors LP now owns 2,237,674 shares of the company’s stock valued at $70,934,000 after purchasing an additional 802,816 shares during the last quarter. State Street Corp grew its holdings in shares of Hormel Foods by 2.5% during the 3rd quarter. State Street Corp now owns 25,068,102 shares of the company’s stock worth $794,659,000 after purchasing an additional 617,308 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Hormel Foods during the 4th quarter worth about $16,612,000. Finally, Vest Financial LLC raised its holdings in Hormel Foods by 17.0% in the 4th quarter. Vest Financial LLC now owns 1,825,660 shares of the company’s stock valued at $57,271,000 after buying an additional 264,813 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HRL shares. Citigroup lowered their target price on shares of Hormel Foods from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 19th. Stephens restated an “equal weight” rating and issued a $31.00 price objective on shares of Hormel Foods in a report on Tuesday, February 18th. Finally, Barclays upgraded 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 issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.80.

Hormel Foods Stock Up 3.2 %

Shares of HRL opened at $29.92 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.32. The stock has a market capitalization of $16.45 billion, a PE ratio of 20.49, a P/E/G ratio of 2.73 and a beta of 0.21. The company’s 50-day simple moving average is $29.76 and its 200-day simple moving average is $30.92. Hormel Foods Co. has a 1 year low of $27.59 and a 1 year high of $36.86.

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.