Proficio Capital Partners LLC Takes Position in Hormel Foods Co. (NYSE:HRL)

Proficio Capital Partners LLC acquired a new stake in Hormel Foods Co. (NYSE:HRL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 42,412 shares of the company’s stock, valued at approximately $1,330,000.

A number of other large investors have also added to or reduced their stakes in HRL. Natixis Advisors LLC raised its stake in shares of Hormel Foods by 11.2% during the third quarter. Natixis Advisors LLC now owns 66,581 shares of the company’s stock valued at $2,111,000 after acquiring an additional 6,710 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Hormel Foods in the third quarter valued at $2,177,000. Prospera Private Wealth LLC acquired a new stake in Hormel Foods in the third quarter valued at $39,000. Charles Schwab Investment Management Inc. raised its position in Hormel Foods by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,846,936 shares of the company’s stock worth $58,548,000 after purchasing an additional 66,261 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in Hormel Foods by 20.8% during the 3rd quarter. Raymond James Trust N.A. now owns 18,788 shares of the company’s stock worth $596,000 after buying an additional 3,236 shares during the period. Institutional investors own 40.99% of the company’s stock.

Hormel Foods Trading Down 0.3 %

NYSE HRL opened at $29.68 on Friday. 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 50-day moving average price is $29.54 and its two-hundred day moving average price is $30.79. The firm has a market capitalization of $16.32 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.73 and a beta of 0.21.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stephens reiterated an “equal weight” rating and issued a $31.00 price target on shares of Hormel Foods in a research report on Tuesday, February 18th. Barclays upgraded Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Hormel Foods presently has a consensus rating of “Hold” and an average price target 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.