Toth Financial Advisory Corp Lowers stake in Hormel Foods Corp (HRL)

Hormel Foods Corp (HRL) : Toth Financial Advisory Corp reduced its stake in Hormel Foods Corp by 0.3% during the most recent quarter end. The investment management company now holds a total of 77,535 shares of Hormel Foods Corp which is valued at $2,950,207 after selling 232 shares in Hormel Foods Corp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Hormel Foods Corp makes up approximately 0.89% of Toth Financial Advisory Corp’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in HRL in the latest quarter, The investment management firm added 1,616 additional shares and now holds a total of 8,652 shares of Hormel Foods Corp which is valued at $329,209. Hormel Foods Corp makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Legal General Group Plc reduced its stake in HRL by selling 62,852 shares or 5.04% in the most recent quarter. The Hedge Fund company now holds 1,184,505 shares of HRL which is valued at $44,774,289. Hormel Foods Corp makes up approx 0.05% of Legal General Group Plc’s portfolio.Grassi Investment Management boosted its stake in HRL in the latest quarter, The investment management firm added 2,450 additional shares and now holds a total of 17,090 shares of Hormel Foods Corp which is valued at $646,002. Hormel Foods Corp makes up approx 0.12% of Grassi Investment Management’s portfolio. Cutler Group Lp sold out all of its stake in HRL during the most recent quarter. The investment firm sold 100 shares of HRL which is valued $3,781.Bnp Paribas Arbitrage Sa reduced its stake in HRL by selling 13,652 shares or 15.28% in the most recent quarter. The Hedge Fund company now holds 75,670 shares of HRL which is valued at $2,792,980. Hormel Foods Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

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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