Economy

Hormel Foods Corp (HRL) Director Sells 7129 Shares of Stock

Hormel Foods Corp (HRL) Director Sells 7129 Shares of Stock

Keel Point LLC now owns 5,999 shares of the company's stock worth $205,000 after acquiring an additional 145 shares during the period. Van ECK Associates Corp now owns 2,734 shares of the company's stock valued at $100,000 after buying an additional 676 shares during the last quarter. The company has market cap of $18.44 billion. The stock has been active on the tape, now trading at $34.72, up from yesterday's close by 0.49%. About 3.19M shares traded or 20.89% up from the average.

Hormel Foods Corporation (HRL) has a Return on Assets of 12.9 percent, Return on Investment of 16.4 percent and a Return on Equity of 17.9 percent. The rating was downgraded by CLSA on Thursday, February 18 to "Underperform". The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The company's institutional ownership is monitored at 70.1 percent. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The business earned $2.63 billion during the quarter, compared to analysts' expectations of $2.62 billion. The stock increased 0.22% or $0.13 during the last trading session, reaching $59.63. About 801,260 shares traded. It has underperformed by 18.23% the S&P500. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.94%.

Among 6 analysts covering RLI Corporation (NYSE:RLI), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 81% are positive.

A number of other hedge funds have also made changes to their positions in HRL. $40.25's average target is 15.63% above currents $34.81 stock price. Jefferies maintained the stock with "Hold" rating in Monday, September 25 report. The stock of RLI Corp. (NASDAQ:TMUS) rating on Tuesday, July 18. The company was maintained on Monday, October 9 by RBC Capital Markets. Winch Advisory Ltd Company holds 26 shares. UBS maintained it with "Neutral" rating and $41.50 target in Thursday, November 19 report. (NYSE:PGTI) rating on Thursday, December 10. Cowen & Co has "Buy" rating and $7000 target.

Investors sentiment increased to 1.72 in 2017 Q3. Its up 0.02, from 1.34 in 2017Q2. It worsened, as 22 investors sold AmeriGas Partners, L.P. shares while 48 reduced holdings. 21 funds opened positions while 58 raised stakes. The company has 531.04 Million shares outstanding and 269.79 Million shares were floated in market. Busey Trust invested 0.02% in RLI Corp. Retail Bank Of Ny Mellon, New York-based fund reported 39,752 shares. 279.18 million shares or 0.29% more from 278.36 million shares in 2017Q2 were reported. Royal Fincl Bank Of Canada invested 0% in Park City Group, Inc. Riggs Asset Managment Inc invested 0% of its portfolio in PGT Innovations, Inc. (NYSE:RLI) for 21,285 shares. Carlson Cap reported 10,305 shares. (NYSE:PGTI). Deutsche Bancorporation Ag owns 83,680 shares. Motco accumulated 0% or 238 shares. Gw Henssler & Assocs reported 1.02% stake. Kdi Capital Ltd Com holds 0.33% or 65,645 shares in its portfolio. Schroder Mngmt Gp has invested 0.12% of its portfolio in T-Mobile US, Inc.

If we look at the Volatility of Hormel Foods Corporation (HRL), Week Volatility is 1.67%, whereas Month Volatility is at 1.34%. Therefore 33% are positive. PGT Inc. had 14 analyst reports since August 7, 2015 according to SRatingsIntel.

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Hormel Foods (NYSE:HRL) last issued its earnings results on Tuesday, November 21st. Finally, Mizuho set a $34.00 price objective on shares of Hormel Foods and gave the company a "hold" rating in a report on Saturday, November 25th. The firm has "Sector Weight" rating by KeyBanc Capital Markets given on Friday, December 2. RBC Capital Markets maintained the shares of PGTI in report on Friday, February 26 with "Outperform" rating. The stock of Hormel Foods Corporation (NYSE:HRL) earned "Hold" rating by Oppenheimer on Thursday, August 24. As per Friday, June 16, the company rating was maintained by Stephens. Institutional ownership is usually beneficial to a stock price initially, but very high institutional ownership has several shortcomings.

Investors sentiment decreased to 0.94 in 2017 Q3. Its down 0.39, from 1.31 in 2017Q2. 47 funds opened positions while 138 raised stakes. The volume of 2.88 Million shares climbed up over an trading activity of 2.35 Million shares. After $0.41 actual EPS reported by Hormel Foods Corporation for the previous quarter, Wall Street now forecasts 2.44% EPS growth. California Employees Retirement Systems reported 0.03% of its portfolio in Hormel Foods Corporation (NYSE:HRL).

Rowland & Com Invest Counsel Adv accumulated 17,720 shares.

Echo Street Capital Management LLC acquired a new stake in shares of Hormel Foods Corporation (NYSE:HRL) during the third quarter, Holdings Channel reports. 34,980 are held by Transamerica Finance Incorporated. Stockholders of record on Tuesday, January 16th will be given a dividend of $0.1875 per share. Sigma Planning Corp holds 0.02% or 7,239 shares. Autus Asset Ltd Liability has 125,060 shares for 0.77% of their portfolio. Tower Lc (Trc) holds 0% of its portfolio in Hormel Foods Corporation (NYSE:HRL) for 238 shares. Moreover, Caisse De Depot Et Placement Du Quebec has 0% invested in Hormel Foods Corporation (NYSE:HRL). Macquarie Group Ltd stated it has 169,240 shares.

Since August 30, 2017, it had 0 insider buys, and 8 selling transactions for $6.49 million activity. Also, Chairman James P. Snee sold 7,616 shares of the business's stock in a transaction on Monday, November 27th. 3,114 Hormel Foods Corporation (NYSE:HRL) shares with value of $99,337 were sold by Myers Kevin L. Murano Elsa A also sold $256,644 worth of Hormel Foods Corporation (NYSE:HRL) shares. PIPPINS DAKOTA A had sold 4,000 shares worth $126,400 on Friday, September 8. Shares for $789,445 were sold by MORRISON JOHN L on Friday, October 13.

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