Hormel Foods Corp /de/ (HRL) Files Form 4 Insider Selling : Brian Dean Johnson Sells 3,500 Shares

Hormel Foods Corp /de/ (HRL): Brian Dean Johnson , VP & Corporate Secretary of Hormel Foods Corp /de/ sold 3,500 shares on Sep 27, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $38.00 per share for a total value of $133,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Deanna T Brady (Group Vice President) sold 400 shares at $38.06 per share price.On Sep 1, 2016, Donald H Kremin (Group Vice President) sold 80,400 shares at $37.86 per share price.Also, On Aug 31, 2016, Larry L Vorpahl (Group Vice President) sold 400 shares at $37.88 per share price.On Jul 1, 2016, Dakota A Pippins (director) sold 5,000 shares at $36.74 per share price.

Hormel Foods Corp: On Tuesday, Sep 27, 2016 heightened volatility was witnessed in Hormel Foods Corp which led to swings in the share price. The shares opened for trading at $37.66 and hit $38.335 on the upside , eventually ending the session at $38.25, with a gain of 2.46% or 0.92 points. The heightened volatility saw the trading volume jump to 25,46,669 shares. The 52-week high of the share price is $45.72 and the company has a market cap of $20,242 M . The 52-week low of the share price is at $30.495.

Hormel Foods Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Hormel Foods Corp is Upgraded by Edward Jones to Buy. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Aug 24, 2016.Hormel Foods Corp is Upgraded by Credit Suisse to Outperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Aug 22, 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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