Hormel Foods Corp (HRL) : Eulav Asset Management reduced its stake in Hormel Foods Corp by 1.22% during the most recent quarter end. The investment management company now holds a total of 484,000 shares of Hormel Foods Corp which is valued at $19.3 Million after selling 6,000 shares in Hormel Foods Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.Hormel Foods Corp makes up approximately 1.08% of Eulav Asset Management’s portfolio.
Other Hedge Funds, Including , Wfg Advisors Lp reduced its stake in HRL by selling 2,996 shares or 40.91% in the most recent quarter. The Hedge Fund company now holds 4,328 shares of HRL which is valued at $172,687. Hormel Foods Corp makes up approx 0.05% of Wfg Advisors Lp’s portfolio. Checchi Capital Advisers added HRL to its portfolio by purchasing 2,662 company shares during the most recent quarter which is valued at $102,620. Hormel Foods Corp makes up approx 0.03% of Checchi Capital Advisers’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in HRL by selling 1,000 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 56,364 shares of HRL which is valued at $2.2 Million. Hormel Foods Corp makes up approx 0.03% of Nisa Investment Advisors L.l.c.’s portfolio. Candriam Luxembourg S.c.a. sold out all of its stake in HRL during the most recent quarter. The investment firm sold 12,700 shares of HRL which is valued $489,585.
Hormel Foods Corp closed down -0.51 points or -1.44% at $34.86 with 77,26,234 shares getting traded on Friday. Post opening the session at $35.46, the shares hit an intraday low of $34.73 and an intraday high of $35.58 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 $0.40 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.
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.