Hormel Foods Corp (HRL) : Roof Eidam Maycockadv has sold out all of its stake in Hormel Foods Corp during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 41,905 shares of Hormel Foods Corp which is valued at $1,514,028.
Other Hedge Funds, Including , Mckinley Carter Wealth Services reduced its stake in HRL by selling 36 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 64,758 shares of HRL which is valued at $2,339,707. Hormel Foods Corp makes up approx 1.19% of Mckinley Carter Wealth Services’s portfolio.Chicago Equity Partners reduced its stake in HRL by selling 4,870 shares or 6.55% in the most recent quarter. The Hedge Fund company now holds 69,505 shares of HRL which is valued at $2,596,012. Hormel Foods Corp makes up approx 0.07% of Chicago Equity Partners’s portfolio.Msi Financial Services Inc reduced its stake in HRL by selling 114 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 7,036 shares of HRL which is valued at $254,774. Hormel Foods Corp makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in HRL in the latest quarter, The investment management firm added 2,805 additional shares and now holds a total of 230,931 shares of Hormel Foods Corp which is valued at $8,454,384. Hormel Foods Corp makes up approx 0.05% of Chevy Chase Trust Holdings’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.