Hormel Foods Corporation (HRL) EPS Estimated At $0.45 as of May, 24

May 16, 2018 - By Theresa Judd

Hormel Foods Corporation (NYSE:HRL) Corporate Logo
During 2017 Q4 the big money sentiment increased to 1.09. That’s change of 0.17, from 2017Q3’s 0.92. 38 investors sold all, 157 reduced holdings as Hormel Foods Corporation ratio is positive. 147 grew stakes while 65 funds acquired stakes. Funds hold 195.04 million shares thus 2.11% more from 2017Q3’s 191.01 million shares.
First Citizens Bancorporation & Tru Company invested in 5,980 shs or 0.03% of the stock. Prelude Cap Mgmt Ltd Liability Corp has 13,927 shs for 0.04% of their capital. Capital International Inc Ca owns 8,100 shs or 0.04% of their US capital. Millennium Mgmt Ltd Liability Corp holds 0% of its capital in Hormel Foods Corporation (NYSE:HRL) for 8,987 shs. Manufacturers Life Insur The owns 0.01% invested in Hormel Foods Corporation (NYSE:HRL) for 291,538 shs. Eulav Asset Mngmt stated it has 299,000 shs or 0.51% of all its holdings. Fdx Advsrs invested 0.01% in Hormel Foods Corporation (NYSE:HRL). 381,046 are owned by Adage Capital Prtnrs Limited Com. Fiduciary Tru Communication stated it has 20,534 shs. Comerica Fincl Bank reported 102,560 shs. First Tru Advsr Ltd Partnership reported 1.60M shs stake. Texas Permanent School Fund invested 0.03% in Hormel Foods Corporation (NYSE:HRL). Pittenger And Anderson Inc has invested 0.15% of its capital in Hormel Foods Corporation (NYSE:HRL). Williams Jones And Associate Limited Liability Com, New York-based fund reported 109,241 shs. Sns Financial Group Inc Lc reported 9,685 shs.

Hormel Foods Corporation registered $10.12 million net activity with 0 insider buys and 10 selling transactions since December 21, 2017. 20,000 shs were sold by BINDER STEVEN G, worth $668,000. On Tuesday, April 3 $6.16M worth of stock was sold by VORPAHL LARRY L. Another trade for 8,000 shs valued at $279,761 was sold by Coffey Mark A. On Tuesday, March 13 Marconi Luis G had sold 1,000 shs worth $33,884. $140,140 worth of Hormel Foods Corporation (NYSE:HRL) shs were sold by PIPPINS DAKOTA A. SPLINTER JAMES M also sold $1.70M worth of Hormel Foods Corporation (NYSE:HRL) on Tuesday, April 10.

On May, 24 Hormel Foods Corporation (NYSE:HRL)’s earnings report is expected by WallStreet, as reported by RTT. The EPS diference is $0.06 or 15.38 % up from last years number. Previous year: $0.39; Analysts forcast: $0.45. The profit will be $238.28 million for HRL if $0.45 EPS becomes true. Wall Street predicts 2.27 % EPS growth as of May, 24. The stock increased 1.17% or $0.42 during the last trading session, hitting $36.38.Hormel Foods Corporation has volume of 1.49 million shares. Since May 16, 2017 HRL has declined 1.70% and is downtrending. HRL underperformed by 13.25% the S&P 500.

Hormel Foods Corporation (NYSE:HRL) Ratings Coverage

A total of 5 analysts rate Hormel Foods (NYSE:HRL) as follows: 3 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 60% are bullish. (NYSE:HRL) has 8 ratings reports on May 16, 2018 according to StockzIntelligence. On Thursday, January 4 Piper Jaffray initiated Hormel Foods Corporation (NYSE:HRL) rating. Piper Jaffray has “Buy” rating and $42.0 target. In Tuesday, November 21 report Mizuho maintained it with “Hold” rating and $34.0 target. On Friday, December 1 the rating was reinitiated by Barclays Capital with “Overweight”. On Tuesday, February 27 the rating was maintained by Credit Suisse with “Neutral”. On Thursday, November 30 the rating was maintained by Jefferies with “Hold”. On Friday, February 23 the company was maintained by Barclays Capital. On Sunday, February 25 the rating was maintained by Piper Jaffray with “Buy”. On Wednesday, February 14 the stock of Hormel Foods Corporation (NYSE:HRL) has “Buy” rating given by Jefferies.

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally.The company has $19.26 billion market cap. The firm operates through five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other.The P/E ratio is 21.51. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products, such as canned luncheon meats, peanut butter, chilies, shelf-stable microwaveable meals, hash, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.

A couple more Hormel Foods Corporation (NYSE:HRL) news were brought out by: Seekingalpha.com which released on April 17, 2018 “Hormel Foods: $40 Our Target”, also Seekingalpha.com on May 16, 2018 brought out “Retirement Strategy: I Am Done Being Wrong About This Market”, the next Seekingalpha.com is “Morgan Stanley warns on meat margins” on May 08, 2018. Fool.com has article titled “3 Dividend Investing Tips That Could Earn You Thousands”.

Hormel Foods Corporation (NYSE:HRL) Institutional Investors Chart

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