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Institutional Investors Supporting Hormel Foods Shares in Quarterly Release

January 03 2012 Tweet Email This

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Hormel Foods Corp. (NYSE:HRL).

SEC data indicate that these institutions significantly increased their stock shares of Hormel Foods Corp. in Q3 2011:

PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO: On 06/30/2011, held 0 shares. On 09/30/2011, held 440,322 shares, worth $11,844,662.

SUSQUEHANNA INTERNATIONAL GROUP, LLP: On 06/30/2011, held 0 shares. On 09/30/2011, held 302,438 shares, worth $8,135,582.

BLAIR WILLIAM & CO/IL: On 06/30/2011, held 0 shares. On 09/30/2011, held 222,380 shares, worth $5,982,022.

KENNEDY CAPITAL MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 130,943 shares, worth $3,522,367.

COBIZ INVESTMENT MANAGEMENT, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 116,930 shares, worth $3,145,417.

About the company: Hormel Foods Corporation manufactures and markets consumer-branded meat and food products. The Company processes meat and poultry products and produces a variety of prepared foods. Hormel markets its products around the world under a variety of branded names.

Competitors to Watch: Smithfield Foods, Inc. (NYSE:SFD), Tyson Foods, Inc. (NYSE:TSN), ZHONGPIN INC. (NASDAQ:HOGS), General Mills, Inc. (NYSE:GIS), Pilgrim’s Pride Corp. (NYSE:PPC), Seaboard Corporation (AMEX:SEB), J&J Snack Foods Corp. (NASDAQ:JJSF), Ralcorp Holdings, Inc. (NYSE:RAH), The Hain Celestial Group, Inc. (NASDAQ:HAIN), Kellogg Company (NYSE:K), ConAgra Foods, Inc. (NYSE:CAG), Inventure Foods, Inc. (NASDAQ:SNAK), TreeHouse Foods Inc. (NYSE:THS), PepsiCo, Inc. (NYSE:PEP), and Golden Enterprises, Inc. (NASDAQ:GLDC)