Hormel Foods Corp /de/ (HRL) Files Form 4 Insider Selling : Steven G Binder Sells 400 Shares

Hormel Foods Corp /de/ (HRL): Steven G Binder , Executive Vice President of Hormel Foods Corp /de/ sold 400 shares on Jun 28, 2016. The Insider selling transaction was reported by the company on Jun 29, 2016 to the Securities and Exchange Commission. The shares were sold at $34.98 per share for a total value of $13,992.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 7, 2016, Dakota A Pippins (director) sold 2,269 shares at $42.98 per share price.On Apr 6, 2016, Elsa A Murano (director) sold 6,001 shares at $42.55 per share price.Also, On Mar 18, 2016, Thomas R Day (Group Vice President) sold 10,000 shares at $44.00 per share price.On Mar 18, 2016, Bryan D Farnsworth (Senior Vice President) sold 14,196 shares at $43.69 per share price.

Hormel Foods Corp: On Monday, Jun 27, 2016 heightened volatility was witnessed in Hormel Foods Corp which led to swings in the share price. The shares opened for trading at $35.09 and hit $36.02 on the upside , eventually ending the session at $35.81, with a gain of 1.33% or 0.47 points. The heightened volatility saw the trading volume jump to 58,21,130 shares. The 52-week high of the share price is $45.72 and the company has a market cap of $18,974 M . The 52-week low of the share price is at $27.945.

Hormel Foods Corp Money Flow Index Chart

On May 23, 2016, Hormel Foods Corp announced a cash dividend of $0.1450. The company’s management has announced Jul 14, 2016 as the ex-dividend date and fixed the record date on Jul 18, 2016. The payable date has been fixed on Aug 15, 2016.

Company has been under the radar of several Street Analysts.Hormel Foods Corp is Resumed by Credit Agricole to Underperform. The Rating was issued on Apr 13, 2016.Hormel Foods Corp is Downgraded by BB&T Capital Mkts to Underweight. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 5, 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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