Raub Brock Capital Management Lp Lowers stake in Hormel Foods Corp (HRL)

Hormel Foods Corp (HRL) : Raub Brock Capital Management Lp reduced its stake in Hormel Foods Corp by 20.9% during the most recent quarter end. The investment management company now holds a total of 397,017 shares of Hormel Foods Corp which is valued at $15,305,005 after selling 104,921 shares in Hormel Foods Corp , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Hormel Foods Corp makes up approximately 4.53% of Raub Brock Capital Management Lp’s portfolio.

Hormel Foods Corp opened for trading at $38.56 and hit $39.17 on the upside on Monday, eventually ending the session at $38.71, with a gain of 0.42% or 0.16 points. The heightened volatility saw the trading volume jump to 23,44,075 shares. Company has a market cap of $20,513 M.

Other Hedge Funds, Including , Huntington National Bank reduced its stake in HRL by selling 2,000 shares or 44.44% in the most recent quarter. The Hedge Fund company now holds 2,500 shares of HRL which is valued at $96,375.Sigma Investment Counselors Inc reduced its stake in HRL by selling 50,729 shares or 42.18% in the most recent quarter. The Hedge Fund company now holds 69,541 shares of HRL which is valued at $2,680,806. Hormel Foods Corp makes up approx 0.47% of Sigma Investment Counselors Inc’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.Hendley Co Inc boosted its stake in HRL in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 35,950 shares of Hormel Foods Corp which is valued at $1,353,877. Hormel Foods Corp makes up approx 0.83% of Hendley Co Inc’s portfolio.Palisade Asset Management reduced its stake in HRL by selling 600 shares or 4.78% in the most recent quarter. The Hedge Fund company now holds 11,960 shares of HRL which is valued at $471,942. Hormel Foods Corp makes up approx 0.09% of Palisade Asset Management’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 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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