ICW Investment Advisors LLC Increases Stock Holdings in Hormel Foods Co. (NYSE:HRL)

ICW Investment Advisors LLC boosted its position in shares of Hormel Foods Co. (NYSE:HRL) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,473 shares of the company’s stock after acquiring an additional 459 shares during the quarter. ICW Investment Advisors LLC’s holdings in Hormel Foods were worth $1,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HRL. Natixis Advisors LLC boosted its stake in shares of Hormel Foods by 11.2% in the 3rd quarter. Natixis Advisors LLC now owns 66,581 shares of the company’s stock valued at $2,111,000 after buying an additional 6,710 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Hormel Foods by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,846,936 shares of the company’s stock valued at $58,548,000 after buying an additional 66,261 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Hormel Foods by 20.8% in the 3rd quarter. Raymond James Trust N.A. now owns 18,788 shares of the company’s stock valued at $596,000 after buying an additional 3,236 shares during the period. Citigroup Inc. boosted its stake in shares of Hormel Foods by 13.1% in the 3rd quarter. Citigroup Inc. now owns 452,510 shares of the company’s stock valued at $14,345,000 after buying an additional 52,457 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of Hormel Foods by 80.2% in the 3rd quarter. Cerity Partners LLC now owns 69,390 shares of the company’s stock valued at $2,200,000 after buying an additional 30,879 shares during the period. Hedge funds and other institutional investors own 40.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HRL. Barclays upgraded Hormel Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Stephens restated an “equal weight” rating and set a $31.00 target price on shares of Hormel Foods in a research note on Tuesday, February 18th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hormel Foods has an average rating of “Hold” and an average target price of $31.80.

Hormel Foods Trading Up 1.2 %

HRL opened at $30.04 on Monday. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.73 and a beta of 0.21. Hormel Foods Co. has a 52 week low of $27.59 and a 52 week high of $36.86. The business’s 50 day moving average is $29.54 and its two-hundred day moving average is $30.75. The company has a quick ratio of 1.19, a current ratio of 2.32 and a debt-to-equity ratio of 0.36.

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.