Curbstone Financial Management Corp Lowers stake in Hormel Foods Corp (HRL)

Hormel Foods Corp (HRL) : Curbstone Financial Management Corp reduced its stake in Hormel Foods Corp by 13.74% during the most recent quarter end. The investment management company now holds a total of 45,201 shares of Hormel Foods Corp which is valued at $1.9 Million after selling 7,201 shares in Hormel Foods Corp according to a report filed by the company on Apr 5, 2016 with the SEC.Hormel Foods Corp makes up approximately 0.63% of Curbstone Financial Management Corp’s portfolio.

Other Hedge Funds, Including , Hollencrest Securities reduced its stake in HRL by selling 960 shares or 8.6% in the most recent quarter. The Hedge Fund company now holds 10,200 shares of HRL which is valued at $419,934. Hormel Foods Corp makes up approx 0.07% of Hollencrest Securities’s portfolio.Pensionfund Sabic reduced its stake in HRL by selling 10,600 shares or 23.04% in the most recent quarter. The Hedge Fund company now holds 35,400 shares of HRL which is valued at $1.5 Million. Hormel Foods Corp makes up approx 0.45% of Pensionfund Sabic’s portfolio.Pensionfund Dsm Netherlands reduced its stake in HRL by selling 19,000 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 76,000 shares of HRL which is valued at $3.1 Million. Hormel Foods Corp makes up approx 0.43% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Hormel Foods Corp reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 16, 2016. Analyst had a consensus of $0.37. The company had revenue of $2292.70 million for the quarter, compared to analysts expectations of $2378.60 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Hormel Foods Corp. Hormel Foods Corp was Resumed by Credit Agricole to “Underperform” on Apr 13, 2016. Hormel Foods Corp was Downgraded by BB&T Capital Mkts to ” Underweight” on Apr 5, 2016. Hormel Foods Corp was Downgraded by Credit Agricole to ” Underperform” on Feb 18, 2016.

Hormel Foods Corp closed down -0.65 points or -1.55% at $41.17 with 34,62,420 shares getting traded on Monday. Post opening the session at $41.93, the shares hit an intraday low of $40.99 and an intraday high of $42.05 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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