Generali Asset Management SPA SGR Acquires New Shares in Hormel Foods Co. (NYSE:HRL)

Generali Asset Management SPA SGR bought a new stake in shares of Hormel Foods Co. (NYSE:HRL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,960 shares of the company’s stock, valued at approximately $908,000.

Other institutional investors have also recently made changes to their positions in the company. Greenleaf Trust lifted its position in Hormel Foods by 4.4% during the fourth quarter. Greenleaf Trust now owns 8,029 shares of the company’s stock valued at $252,000 after purchasing an additional 336 shares during the period. CFS Investment Advisory Services LLC boosted its stake in shares of 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 buying an additional 360 shares during the last quarter. Empower Advisory Group LLC grew its holdings in shares of Hormel Foods by 4.0% in the fourth quarter. Empower Advisory Group LLC now owns 10,038 shares of the company’s stock worth $315,000 after acquiring an additional 389 shares during the period. New Century Financial Group LLC increased 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 valued at $211,000 after acquiring an additional 392 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in Hormel Foods by 4.8% in the third quarter. MML Investors Services LLC now owns 9,108 shares of the company’s stock worth $289,000 after purchasing an additional 416 shares during the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hormel Foods Trading Down 0.3 %

NYSE:HRL opened at $29.68 on Friday. Hormel Foods Co. has a 1 year low of $27.59 and a 1 year 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. The stock has a 50-day simple moving average of $29.54 and a 200-day simple moving average of $30.79. The stock has a market cap of $16.32 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.73 and a beta of 0.21.

Hormel Foods Company 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.