Carlson Capital Management buys $397,307 stake in Hormel Foods Corp (HRL)

Hormel Foods Corp (HRL) : Carlson Capital Management scooped up 200 additional shares in Hormel Foods Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 10,508 shares of Hormel Foods Corp which is valued at $397,307.Hormel Foods Corp makes up approximately 0.14% of Carlson Capital Management’s portfolio.

Other Hedge Funds, Including , Dynamic Advisors Solutions boosted its stake in HRL in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 9,440 shares of Hormel Foods Corp which is valued at $356,926. Hormel Foods Corp makes up approx 0.14% of Dynamic Advisors Solutions’s portfolio. Simplex Trading added HRL to its portfolio by purchasing 2,632 company shares during the most recent quarter which is valued at $98,568. Hormel Foods Corp makes up approx 0.01% of Simplex Trading’s portfolio. Central Bank Trust Co added HRL to its portfolio by purchasing 73 company shares during the most recent quarter which is valued at $2,734.Chevy Chase Trust Holdings reduced its stake in HRL by selling 5,313 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 225,618 shares of HRL which is valued at $8,327,560. Hormel Foods Corp makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added HRL to its portfolio by purchasing 86 company shares during the most recent quarter which is valued at $3,174.

Hormel Foods Corp closed down -0.01 points or -0.03% at $37.8 with 18,42,996 shares getting traded on Tuesday. Post opening the session at $37.75, the shares hit an intraday low of $37.58 and an intraday high of $37.94 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Hormel Foods Corp reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.35. The company had revenue of $2302.38 million for the quarter, compared to analysts expectations of $2260.70 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on Hormel Foods Corp. Hormel Foods Corp was Upgraded by Edward Jones to ” Buy” on Aug 24, 2016. Hormel Foods Corp was Upgraded by Credit Suisse to ” Outperform” 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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