BlackRock Amends Hormel Foods Stake, Filing SC 13G/A
Ticker: HRL · Form: SC 13G/A · Filed: Jan 31, 2024 · CIK: 48465
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
Related Tickers: HRL
TL;DR
**BlackRock just updated its Hormel Foods ownership, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 31, 2024, indicating its ownership of Hormel Foods Corporation's common stock as of December 31, 2023. This filing, an amendment number 4, updates their previous disclosures regarding their stake in the meat packing giant. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Hormel's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in Hormel Foods, which can be a signal to other investors about institutional sentiment towards the company's stock.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership and does not inherently present a significant risk to investors.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder in Hormel Foods, but this routine amendment doesn't provide enough detail to warrant immediate action. Further analysis of BlackRock's specific share count (not provided in this excerpt) would be needed to assess any change in their investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Hormel Foods Corporation (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 31, 2024 (date) — the filing date of the SC 13G/A
- 440452100 (number) — the CUSIP number for Hormel Foods Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4)' in the filing.
Who is the 'reporting person' in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the 'subject company' or 'issuer' of the securities being reported?
The subject company or issuer is Hormel Foods Corporation, as identified by 'COMPANY CONFORMED NAME: HORMEL FOODS CORP /DE/' and 'Hormel Foods Corporation (Name of Issuer)' in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Hormel Foods Corporation is 440452100, as listed under 'CUSIP No. 440452100' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 31, 2024 regarding HORMEL FOODS CORP /DE/ (HRL).