Will Hormel’s Acquisition of the Skippy Line Hunger These Top Institutional Shareholders?

Hormel Foods Corporation (NYSE:HRL) is acquiring the iconic Skippy peanut butter line from Unilever United States Inc (NYSE:UL) for an approximate consideration of $700 million. The 80-year-old Skippy brand has annual sales of approximately $370 million. Of this, about $100 million sales are outside the United States. The position will help Hormel grow its brand presence in the center of the store as well as strengthen its global presence, particularly in China where it will complement Hormel’s SPAM family of products.

Will Hormel Foods Corp.’s shareholders increase their holdings? They reported owning a total of 11,137 shares on 12/31/2012. The shares closed at $31.21 on 12/31/2012.

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Here are the ten largest positions in Hormel Foods Corp. at the end of December 31st, 2012.

Navellier & Associates Inc. held 11,137 shares on 12/31/2012 worth $347,586. This brought the portfolio total to 0.01%.

Vanguard Group Inc. held 10,146,523 shares on 09/30/2012 worth $296,684,330. This brought the portfolio total to 0.04%.

State Street Corp. held 9,669,431 shares on 09/30/2012 worth $282,734,160. This brought the portfolio total to 0.04%.

Blackrock Institutional Trust Company N.A. held 3,738,002 shares on 09/30/2012 worth $109,299,178. This brought the portfolio total to 0.02%.

Ubs Global Asset Management Americas Inc. held 3,703,187 shares on 09/30/2012 worth $108,281,187. This brought the portfolio total to 0.16%.

Mairs & Power Inc. held 3,452,167 shares on 09/30/2012 worth $100,941,362. This brought the portfolio total to 2.46%.

Northern Trust Corp. held 1,706,450 shares on 09/30/2012 worth $49,896,598. This brought the portfolio total to 0.02%.

Invesco Ltd. held 1,701,128 shares on 09/30/2012 worth $49,740,982. This brought the portfolio total to 0.03%.

Bank of New York Mellon Corp. held 1,627,634 shares on 09/30/2012 worth $47,592,018. This brought the portfolio total to 0.02%.

Blackrock Fund Advisors held 1,520,959 shares on 09/30/2012 worth $44,472,841. This brought the portfolio total to 0.02%.

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