November 28, 2016 - By Adrian Mccoy · 0 Comments
Hormel Foods Corp (NYSE:HRL) institutional sentiment decreased to 1.11 in 2016 Q2. Its down -0.04, from 1.15 in 2016Q1. The ratio has worsened, as 238 investment professionals started new and increased equity positions, while 207 decreased and sold their stock positions in Hormel Foods Corp. The investment professionals in our partner’s database now own: 173.55 million shares, down from 350.56 million shares in 2016Q1. Also, the number of investment professionals holding Hormel Foods Corp in their top 10 equity positions decreased from 13 to 4 for a decrease of 9. Sold All: 66 Reduced: 141 Increased: 180 New Position: 58.
Hormel Foods Corporation is a multinational maker and marketer of food and meat products. The company has a market cap of $19.01 billion.
About 2.30M shares traded hands. Hormel Foods Corp (NYSE:HRL) has declined 5.41% since April 25, 2016 and is downtrending. It has underperformed by 11.42% the S&P500.
According to Zacks Investment Research, “Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Products manufactured by the corporation include hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable microwaveable entrees, salsas and frozen processed foods. These selections are sold to retail, foodservice and wholesale operations under many well-established trademarks some include BLACK LABEL, CHI-CHI’S, DINTY MOORE, & HORMEL.”
Mark Sheptoff Financial Planning Llc holds 4.16% of its portfolio in Hormel Foods Corp for 152,205 shares. Raub Brock Capital Management Lp owns 353,007 shares or 3.88% of their US portfolio. Moreover, Grandfield & Dodd Llc has 3.76% invested in the company for 733,863 shares. The Florida-based Peninsula Asset Management Inc has invested 2.98% in the stock. Albert D Mason Inc, a Massachusetts-based fund reported 101,167 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 7 sales for $3.86 million net activity.
Ratings analysis reveals 40% of Hormel Foods Corporation’s analysts are positive. Out of 10 Wall Street analysts rating Hormel Foods Corporation, 4 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $38 while the high is $80. The stock’s average target of $59.13 is 67.51% above today’s ($35.3) share price. HRL was included in 21 notes of analysts from July 27, 2015. Jefferies initiated the stock with “Buy” rating in Wednesday, December 16 report. The firm has “Equal Weight” rating given on Thursday, September 17 by Stephens. As per Thursday, February 18, the company rating was downgraded by CLSA. The rating was upgraded by Stephens to “Overweight” on Wednesday, November 25. BMO Capital Markets upgraded the stock to “Outperform” rating in Friday, August 19 report. The stock of Hormel Foods Corp (NYSE:HRL) has “Neutral” rating given on Monday, October 19 by Buckingham Research. The stock of Hormel Foods Corp (NYSE:HRL) earned “Hold” rating by Zacks on Tuesday, August 25. On Wednesday, November 25 the stock rating was maintained by Credit Suisse with “Neutral”. BB&T Capital downgraded Hormel Foods Corp (NYSE:HRL) on Tuesday, April 5 to “Underweight” rating. The stock of Hormel Foods Corp (NYSE:HRL) has “Hold” rating given on Monday, December 14 by Deutsche Bank.
Hormel Foods Corporation, incorporated on September 20, 1928, is engaged in the production of a range of meat and food products and the marketing of those products throughout the United States and internationally. The Firm operates through five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store (JOTS), Specialty Foods, and International & Other. The Company’s products consist of meat and other food products. The meat products are sold fresh, frozen, cured, smoked, cooked and canned. Internationally, the Company markets its products through its subsidiary, Hormel Foods International Corporation (HFIC). The Firm offers its products under perishable, poultry, shelf-stable and miscellaneous categories. The Perishable category includes fresh meats, frozen items, refrigerated meal solutions, sausages, hams, wieners, guacamole and bacon. The Poultry category is composed of JOTS products. The Shelf-stable category includes canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, meat spreads, flour and corn tortillas, salsas, tortilla chips, peanut butter and other items that do not require refrigeration. The Miscellaneous category consists of nutritional food products and supplements, sugar and sugar substitutes, dessert and drink mixes, and industrial gelatin products.
More important recent Hormel Foods Corp (NYSE:HRL) news were published by: Startribune.com which released: “Hormel Foods posts increased profit to close its fiscal year” on November 22, 2016, also Marketwatch.com published article titled: “Hormel Foods increases dividend by 17%”, Startribune.com published: “Hormel sells two meat brands to pork giant Smithfield” on November 21, 2016. More interesting news about Hormel Foods Corp (NYSE:HRL) was released by: Forbes.com and their article: “Hormel Foods Becomes Oversold (HRL)” with publication date: November 10, 2016.
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By Adrian Mccoy