Amg National Trust Bank buys $15,747,477 stake in Hormel Foods Corp (HRL)

Hormel Foods Corp (HRL) : Amg National Trust Bank scooped up 10,000 additional shares in Hormel Foods Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 435,856 shares of Hormel Foods Corp which is valued at $15,747,477.Hormel Foods Corp makes up approximately 1.38% of Amg National Trust Bank’s portfolio.

Other Hedge Funds, Including , Harel Insurance Investments Financial Services Ltd. added HRL to its portfolio by purchasing 486 company shares during the most recent quarter which is valued at $17,559.Oregon Public Employees Retirement Fund reduced its stake in HRL by selling 143 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 81,145 shares of HRL which is valued at $2,931,769. Hormel Foods Corp makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.Cibc Asset Management Inc reduced its stake in HRL by selling 53,946 shares or 51.49% in the most recent quarter. The Hedge Fund company now holds 50,814 shares of HRL which is valued at $1,835,910. Hormel Foods Corp makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in HRL by selling 33,383 shares or 40.61% in the most recent quarter. The Hedge Fund company now holds 48,816 shares of HRL which is valued at $1,763,722. Hormel Foods Corp makes up approx 0.02% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Bbva Compass Bancshares Inc reduced its stake in HRL by selling 1,475 shares or 18.14% in the most recent quarter. The Hedge Fund company now holds 6,657 shares of HRL which is valued at $248,639. Hormel Foods Corp makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio.

Hormel Foods Corp opened for trading at $36.47 and hit $36.48 on the upside on Monday, eventually ending the session at $36.48, with a gain of 0.19% or 0.07 points. The heightened volatility saw the trading volume jump to 14,42,690 shares. Company has a market cap of $19,329 M.

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.

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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