AlphaCrest Capital Management LLC lessened its stake in shares of Hormel Foods Co. () by 50.3% during the 3rd quarter, according to its most recent disclosure with the SEC.

Source: https://www.americanbankingnews.com/2023/03/04/alphacrest-capital-management-llc-sells-26238-shares-of-hormel-foods-co-nysehrl.html

AUSTIN, Minn. (AP) — AUSTIN, Minn. (AP) — Hormel Foods Corp. (HRL) on Thursday reported fiscal third-quarter profit of $162.7 million.

Source: https://qz.com/hormel-fiscal-q3-earnings-snapshot-1850791071

BlackRock Inc. lifted its holdings in shares of Hormel Foods by 0.9% during the 3rd quarter.

Source: https://www.americanbankingnews.com/2023/03/12/mercer-global-advisors-inc-adv-buys-3438-shares-of-hormel-foods-co-nysehrl.html

Finally, Dimensional Fund Advisors LP lifted its stake in shares of Hormel Foods by 0.4% in the 1st quarter.

Source: https://www.etfdailynews.com/2023/04/01/hormel-foods-co-nysehrl-shares-purchased-by-crossmark-global-holdings-inc/

Hormel shares tumbled to a five-year low as workers bring home the bacon with their new labor contract, providing big wage and benefit gains.

Source: https://biztoc.com/x/591c645d3246f717?ref=ff

TheStreet cut shares of Hormel Foods from a “b” rating to a “c+” rating in a research note on Thursday, March 2nd.

Source: https://www.etfdailynews.com/2023/05/15/hormel-foods-co-nysehrl-shares-purchased-by-nordea-investment-management-ab/

Verition Fund Management LLC grew its stake in shares of Hormel Foods by 3.2% during the fourth quarter.

Source: https://www.etfdailynews.com/2023/06/15/16028-shares-in-hormel-foods-co-nysehrl-purchased-by-live-oak-investment-partners/

Weighing all the factors, we are now upgrading Hormel to just a Sell from a Strong Sell and continue to see downside risks as materially higher than upside potential.

Source: https://seekingalpha.com/article/4569289-hormel-a-mini-spam-bubble-becomes-less-expensive?source=feed_all_articles