Hormel Foods Corporation (NYSE:HRL) has climbed 0.35% in the past week and advanced 0.06% in the last 4 weeks. The company has outperformed the S&P 500 by 1.55% in the past week but underperformed the index by 0.86% in the last 4 weeks.
Hormel Foods Corporation (NYSE:HRL): The stock opened at $34.87 on Friday but the bulls could not build on the opening and the stock topped out at $34.94 for the day. The stock traded down to $34.45 during the day, due to lack of any buying support eventually closed down at $34.88 with a loss of -0.23% for the day. The stock had closed at $34.96 on the previous day. The total traded volume was 2,907,444 shares.
The company shares have rallied 21.87% from its 1 Year high price. On Feb 16, 2016, the shares registered one year high at $45.72 and the one year low was seen on Jul 7, 2015. The 50-Day Moving Average price is $36.44 and the 200 Day Moving Average price is recorded at $39.70.
On the companys insider trading activities, Pippins Dakota A, director of Hormel Foods Corp /De/, unloaded 2,269 shares at an average price of $42.98 on April 7, 2016. The total amount of the transaction was worth $97,522, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Jefferies maintains its rating on Hormel Foods Corporation (NYSE:HRL).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies lowers the new price target from $43 per share to $40 per share. The rating by the firm was issued on May 19, 2016. Currently the company Insiders own 3.54% of Hormel Foods Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.99% . Institutional Investors own 34.18% of Hormel Foods Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -13.66%.
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.