$0.38 EPS Expected for Hormel Foods Corporation (HRL)

August 12, 2018 - By Eula Gilbert

Hormel Foods Corporation (NYSE:HRL) LogoInvestors sentiment increased to 1.13 in Q1 2018. Its up 0.04, from 1.09 in 2017Q4. It is positive, as 45 investors sold Hormel Foods Corporation shares while 141 reduced holdings. 55 funds opened positions while 155 raised stakes. 201.50 million shares or 3.31% more from 195.04 million shares in 2017Q4 were reported.
New Jersey-based Prudential Financial has invested 0.02% in Hormel Foods Corporation (NYSE:HRL). Amalgamated Bancshares reported 0.03% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Ontario – Canada-based Manufacturers Life Ins Commerce The has invested 0.01% in Hormel Foods Corporation (NYSE:HRL). Edge Wealth Management Ltd Com holds 0% or 500 shares in its portfolio. Federated Pa has invested 0% in Hormel Foods Corporation (NYSE:HRL). Oregon Pub Employees Retirement Fund holds 69,795 shares. 102,258 were accumulated by United Automobile Association. Pnc Financial Group reported 0.02% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Spectrum Management Gp reported 0.01% stake. St Germain D J Co holds 0.21% or 49,336 shares. Eulav Asset invested in 155,000 shares. 526,379 were reported by Indexiq Advisors Lc. 123,340 are owned by Amer Gru Inc. Autus Asset Lc accumulated 120,176 shares or 0.75% of the stock. Rbf Cap Ltd reported 20,000 shares stake.

Since March 8, 2018, it had 0 insider purchases, and 12 selling transactions for $11.14 million activity. PIPPINS DAKOTA A also sold $140,140 worth of Hormel Foods Corporation (NYSE:HRL) on Thursday, April 12. NAKASONE ROBERT also sold $219,420 worth of Hormel Foods Corporation (NYSE:HRL) on Wednesday, May 30. On Tuesday, March 13 Marconi Luis G sold $33,884 worth of Hormel Foods Corporation (NYSE:HRL) or 1,000 shares. BINDER STEVEN G sold $742,600 worth of Hormel Foods Corporation (NYSE:HRL) on Thursday, May 31. Shares for $151,403 were sold by Forbes Glenn S on Friday, March 9. 180,000 shares were sold by VORPAHL LARRY L, worth $6.16 million on Tuesday, April 3.

Analysts expect Hormel Foods Corporation (NYSE:HRL) to report $0.38 EPS on August, 23 before the open.They anticipate $0.04 EPS change or 11.76 % from last quarter’s $0.34 EPS. HRL’s profit would be $201.60 million giving it 24.40 P/E if the $0.38 EPS is correct. After having $0.44 EPS previously, Hormel Foods Corporation’s analysts see -13.64 % EPS growth. The stock decreased 0.08% or $0.03 during the last trading session, reaching $37.09. About 1.09M shares traded. Hormel Foods Corporation (NYSE:HRL) has risen 8.24% since August 13, 2017 and is uptrending. It has underperformed by 4.33% the S&P500.

Hormel Foods Corporation (NYSE:HRL) Ratings Coverage

Among 7 analysts covering Hormel Foods (NYSE:HRL), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Hormel Foods had 7 analyst reports since February 14, 2018 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Tuesday, February 27. Barclays Capital maintained the stock with “Overweight” rating in Friday, February 23 report. The firm has “Equal-Weight” rating by Stephens given on Tuesday, July 17. The firm earned “Neutral” rating on Friday, May 25 by Buckingham Research. The firm earned “Buy” rating on Wednesday, February 14 by Jefferies. The rating was downgraded by Mizuho on Wednesday, July 25 to “Underperform”. The stock has “Buy” rating by Piper Jaffray on Sunday, February 25.

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company has market cap of $19.68 billion. The firm operates through five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It has a 21.3 P/E ratio. 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.

Another recent and important Hormel Foods Corporation (NYSE:HRL) news was published by Finance.Yahoo.com which published an article titled: “3 Big Stock Charts for Friday: Regions Financial, Hormel Foods and Macerich” on July 20, 2018.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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