Toth Financial Advisory Corp buys $2,821,387 stake in Hormel Foods Corp (HRL)

Hormel Foods Corp (HRL) : Toth Financial Advisory Corp scooped up 2,839 additional shares in Hormel Foods Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 1, 2016. The investment management firm now holds a total of 77,767 shares of Hormel Foods Corp which is valued at $2,821,387.Hormel Foods Corp makes up approximately 0.86% of Toth Financial Advisory Corp’s portfolio.

Hormel Foods Corp closed down -0.32 points or -0.87% at $36.28 with 29,08,389 shares getting traded on Friday. Post opening the session at $36.74, the shares hit an intraday low of $36.135 and an intraday high of $37.1 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.

Investors should note that 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.

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 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.

Leave a Reply

Hormel Foods Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hormel Foods Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.