Albert D Mason Inc Lowers stake in Hormel Foods Corp (HRL)

Hormel Foods Corp (HRL) : Albert D Mason Inc reduced its stake in Hormel Foods Corp by 5.01% during the most recent quarter end. The investment management company now holds a total of 101,167 shares of Hormel Foods Corp which is valued at $3,726,992 after selling 5,331 shares in Hormel Foods Corp , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Hormel Foods Corp makes up approximately 2.27% of Albert D Mason Inc’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management sold out all of its stake in HRL during the most recent quarter. The investment firm sold 411,056 shares of HRL which is valued $15,143,303. Handelsbanken Fonder Ab sold out all of its stake in HRL during the most recent quarter. The investment firm sold 150,000 shares of HRL which is valued $5,479,500.Punch Associates Investment Management boosted its stake in HRL in the latest quarter, The investment management firm added 2,362 additional shares and now holds a total of 111,548 shares of Hormel Foods Corp which is valued at $4,074,848. Hormel Foods Corp makes up approx 0.45% of Punch Associates Investment Management’s portfolio.

Hormel Foods Corp opened for trading at $36.95 and hit $36.98 on the upside on Wednesday, eventually ending the session at $36.84, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 14,30,107 shares. Company has a market cap of $19,520 M.

On the company’s financial health, Hormel Foods Corp reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.39. The company had revenue of $2300.00 million for the quarter, compared to analysts expectations of $2309.24 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company has five segments: Grocery Products which consists of the processing marketing and sale of shelf-stable food products sold primarily in the retail market; Refrigerated Foods which consists of the processing marketing and sale of branded and unbranded pork and beef products for retail foodservice and fresh product customers; Jennie-O Turkey Store which consists of the processing marketing and sale of branded and unbranded turkey products for retail foodservice and fresh product customers; Specialty Foods which consists of the packaging and sale of private label shelf stable products nutritional products sugar and condiments to industrial retail and foodservice customers and International & Other which includes the Hormel Foods International operating segment which manufactures markets and sells the Company products internationally.

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