Shares of Hormel Foods Corporation (NYSE:HRL) Sees Large Inflow of Net Money Flow

Hormel Foods Corporation (NYSE:HRL) traded negative at $34.42. On an intraday basis, the price dropped -0.34 points or -0.98%. The composite uptick value was $9.66 million while the combined downtick value was $7.8. The net money flow was $1.86 million while the up/down ratio was not very comforting at 1.24. The shares on a weekly note has seen a change in share price of -0.72%.According to the trading data, the shares saw a block trade with $0.53 million in upticks and $1.2 million in downticks. The up/down ratio for the block was calculated to be 0.44. The net money flow for the block trade was -0.68.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Pippins Dakota A, director of Hormel Foods Corp /De/, had unloaded 2,269 shares at an average price of $42.98 in a transaction dated on April 7, 2016. The total value of the transaction was worth $97,522.

Hormel Foods Corporation (NYSE:HRL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.32 points or 0.92% at $34.44 with 3,117,619 shares getting traded. Post opening the session at $34.6, the shares hit an intraday low of $34.2 and an intraday high of $34.86 and the price was in this range throughout the day. The company has a market cap of $18,248 million and the number of outstanding shares have been calculated to be 529,860,470 shares. The 52-week high of Hormel Foods Corporation (NYSE:HRL) is $45.72 and the 52-week low is $27.94.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Jefferies maintains its outlook on Hormel Foods Corporation (NYSE:HRL). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $43 per share to $40 per share. The rating by the firm was issued on May 19, 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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