Hormel Foods Corporation (HRL) Analysts See $0.38 EPS

August 10, 2018 - By Eugene Smith

Hormel Foods Corporation (NYSE:HRL) LogoInvestors sentiment increased to 1.13 in 2018 Q1. Its up 0.04, from 1.09 in 2017Q4. It is positive, as 45 investors sold Hormel Foods Corporation shares while 141 reduced holdings. 55 funds opened positions while 155 raised stakes. 201.50 million shares or 3.31% more from 195.04 million shares in 2017Q4 were reported.
Federated Invsts Pa holds 10,589 shares or 0% of its portfolio. Amica Mutual Insurance holds 40,140 shares. Morgan Stanley has invested 0.01% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Kayne Anderson Rudnick Investment Llc holds 0.1% or 404,776 shares in its portfolio. Northwestern Mutual Wealth Management stated it has 11,570 shares. California-based Destination Wealth Management has invested 0% in Hormel Foods Corporation (NYSE:HRL). Benjamin F Edwards owns 2,565 shares. Zeke Capital Advsr Ltd Liability Corp accumulated 69,047 shares. Cadinha And Com Ltd Liability Com accumulated 14,425 shares. Rowland & Com Inv Counsel Adv stated it has 16,970 shares or 0% of all its holdings. Nomura Asset Management Limited stated it has 0.05% in Hormel Foods Corporation (NYSE:HRL). Pnc Financial Svcs Gp Inc reported 446,814 shares. Kcm Invest Advsrs Limited Liability holds 15,575 shares. Mitsubishi Ufj Tru And Corp invested in 0.04% or 614,516 shares. Adage Prtn Group Incorporated Ltd Liability, Massachusetts-based fund reported 357,046 shares.

Since March 8, 2018, it had 0 buys, and 12 sales for $11.14 million activity. NAKASONE ROBERT sold 10,000 shares worth $373,000. SPLINTER JAMES M had sold 48,000 shares worth $1.70M on Tuesday, April 10. PIPPINS DAKOTA A had sold 4,000 shares worth $140,140. 20,000 shares were sold by BINDER STEVEN G, worth $668,000 on Thursday, March 8. Marconi Luis G sold $33,884 worth of stock. Another trade for 4,492 shares valued at $151,403 was sold by Forbes Glenn S.

Analysts expect Hormel Foods Corporation (NYSE:HRL) to report $0.38 EPS on August, 23 before the open.They anticipate $0.04 EPS change or 11.76 % from last quarter’s $0.34 EPS. HRL’s profit would be $201.60 million giving it 24.40 P/E if the $0.38 EPS is correct. After having $0.44 EPS previously, Hormel Foods Corporation’s analysts see -13.64 % EPS growth. The stock decreased 0.08% or $0.03 during the last trading session, reaching $37.09. About 1.09 million shares traded. Hormel Foods Corporation (NYSE:HRL) has risen 8.24% since August 11, 2017 and is uptrending. It has underperformed by 4.33% the S&P500.

Hormel Foods Corporation (NYSE:HRL) Ratings Coverage

Among 7 analysts covering Hormel Foods (NYSE:HRL), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Hormel Foods had 7 analyst reports since February 14, 2018 according to SRatingsIntel. The rating was downgraded by Mizuho to “Underperform” on Wednesday, July 25. As per Wednesday, February 14, the company rating was upgraded by Jefferies. On Tuesday, February 27 the stock rating was maintained by Credit Suisse with “Neutral”. The stock of Hormel Foods Corporation (NYSE:HRL) earned “Equal-Weight” rating by Stephens on Tuesday, July 17. Buckingham Research maintained the shares of HRL in report on Friday, May 25 with “Neutral” rating. Barclays Capital maintained the shares of HRL in report on Friday, February 23 with “Overweight” rating. As per Sunday, February 25, the company rating was maintained by Piper Jaffray.

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company has market cap of $19.68 billion. The firm operates through five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It has a 21.3 P/E ratio. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products, such as canned luncheon meats, peanut butter, chilies, shelf-stable microwaveable meals, hash, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.

Another recent and important Hormel Foods Corporation (NYSE:HRL) news was published by Finance.Yahoo.com which published an article titled: “3 Big Stock Charts for Friday: Regions Financial, Hormel Foods and Macerich” on July 20, 2018.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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