Bks Advisors Lowers stake in Hormel Foods Corp (HRL)

Hormel Foods Corp (HRL) : Bks Advisors reduced its stake in Hormel Foods Corp by 14.16% during the most recent quarter end. The investment management company now holds a total of 94,560 shares of Hormel Foods Corp which is valued at $3,772,944 after selling 15,600 shares in Hormel Foods Corp , the firm said in a disclosure report filed with the SEC on May 9, 2016.Hormel Foods Corp makes up approximately 2.02% of Bks Advisors’s portfolio.

Other Hedge Funds, Including , Cls Investments reduced its stake in HRL by selling 153 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 24,883 shares of HRL which is valued at $992,832. Hormel Foods Corp makes up approx 0.04% of Cls Investments’s portfolio.State Treasurer State Of Michigan boosted its stake in HRL in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 93,064 shares of Hormel Foods Corp which is valued at $3,587,617. Hormel Foods Corp makes up approx 0.03% of State Treasurer State Of Michigan’s portfolio.Hanseatic Management Services Inc boosted its stake in HRL in the latest quarter, The investment management firm added 20,916 additional shares and now holds a total of 99,626 shares of Hormel Foods Corp which is valued at $3,840,582. Hormel Foods Corp makes up approx 1.40% of Hanseatic Management Services Inc’s portfolio.Pitcairn Co reduced its stake in HRL by selling 763 shares or 12.53% in the most recent quarter. The Hedge Fund company now holds 5,327 shares of HRL which is valued at $205,356. Hormel Foods Corp makes up approx 0.03% of Pitcairn Co’s portfolio. Sheaff Brock Investment Advisors added HRL to its portfolio by purchasing 15,400 company shares during the most recent quarter which is valued at $593,670. Hormel Foods Corp makes up approx 0.07% of Sheaff Brock Investment Advisors’s portfolio.

Hormel Foods Corp closed down -0.31 points or -0.77% at $39.9 with 21,20,126 shares getting traded on Friday. Post opening the session at $40.1, the shares hit an intraday low of $39.76 and an intraday high of $40.535 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 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.

Leave a Reply

Hormel Foods Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hormel Foods Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.