EPS for Hormel Foods Corporation (HRL) Expected At $0.46

November 10, 2018 - By Christine McCrea

Hormel Foods Corporation (NYSE:HRL) LogoInvestors sentiment decreased to 1.04 in 2018 Q2. Its down 0.09, from 1.13 in 2018Q1. It dropped, as 27 investors sold Hormel Foods Corporation shares while 160 reduced holdings. 60 funds opened positions while 135 raised stakes. 218.29 million shares or 8.33% more from 201.50 million shares in 2018Q1 were reported.
Gemmer Asset Mngmt Ltd holds 0.32% of its portfolio in Hormel Foods Corporation (NYSE:HRL) for 25,102 shares. Schwab Charles reported 0.05% in Hormel Foods Corporation (NYSE:HRL). First Allied Advisory Service Inc reported 0.08% in Hormel Foods Corporation (NYSE:HRL). Employees Retirement System Of Ohio invested 0.02% in Hormel Foods Corporation (NYSE:HRL). Ny State Common Retirement Fund stated it has 1.20M shares or 0.06% of all its holdings. Guggenheim Limited Liability reported 0.22% in Hormel Foods Corporation (NYSE:HRL). Mariner Ltd Company holds 0.02% or 19,283 shares. Illinois-based Thomas White Ltd has invested 0.06% in Hormel Foods Corporation (NYSE:HRL). State Of Wisconsin Inv Board holds 382,939 shares. Copeland Cap Mngmt Ltd Com has 252,633 shares for 0.55% of their portfolio. Suntrust Banks holds 0% or 6,619 shares in its portfolio. Ancora Advsrs Limited Liability holds 0.03% in Hormel Foods Corporation (NYSE:HRL) or 21,350 shares. Renaissance Techs Ltd Liability Corporation owns 257,500 shares for 0.01% of their portfolio. 21,613 are owned by Smith Moore. Dynamic Advisor Solutions Limited Liability accumulated 11,557 shares.

Since May 30, 2018, it had 0 buys, and 14 insider sales for $7.01 million activity. Forbes Glenn S had sold 13,200 shares worth $548,562 on Tuesday, September 11. $456,730 worth of stock was sold by DAY THOMAS R on Thursday, August 16. BINDER STEVEN G sold 20,000 shares worth $742,600. 13,925 shares valued at $545,025 were sold by Leitch Glenn R on Tuesday, September 4. Another trade for 48,000 shares valued at $1.97M was made by Brady Deanna T on Monday, September 17. On Friday, August 31 the insider LYKKEN STEVEN J sold $140,707.

Analysts expect Hormel Foods Corporation (NYSE:HRL) to report $0.46 EPS on November, 20.They anticipate $0.05 EPS change or 12.20 % from last quarter’s $0.41 EPS. HRL’s profit would be $245.23M giving it 24.47 P/E if the $0.46 EPS is correct. After having $0.39 EPS previously, Hormel Foods Corporation’s analysts see 17.95 % EPS growth. The stock increased 1.08% or $0.48 during the last trading session, reaching $45.02. About 1.85M shares traded. Hormel Foods Corporation (NYSE:HRL) has risen 32.29% since November 10, 2017 and is uptrending. It has outperformed by 16.67% the S&P500.

Hormel Foods Corporation (NYSE:HRL) Ratings Coverage

Among 7 analysts covering Hormel Foods (NYSE:HRL), 0 have Buy rating, 2 Sell and 5 Hold. Therefore 0 are positive. Hormel Foods had 8 analyst reports since May 25, 2018 according to SRatingsIntel. The rating was downgraded by BMO Capital Markets on Monday, September 17 to “Market Perform”. Stephens downgraded the stock to “Equal-Weight” rating in Tuesday, July 17 report. Barclays Capital downgraded Hormel Foods Corporation (NYSE:HRL) rating on Friday, August 24. Barclays Capital has “Equal-Weight” rating and $38 target. On Tuesday, November 6 the stock rating was downgraded by Vertical Group to “Sell”. Buckingham Research maintained the stock with “Neutral” rating in Friday, May 25 report. The stock of Hormel Foods Corporation (NYSE:HRL) earned “Underperform” rating by Mizuho on Wednesday, July 25. The firm earned “Neutral” rating on Thursday, August 16 by Buckingham Research.

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company has market cap of $24.00 billion. The firm operates through five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It has a 25.29 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.

More news for Hormel Foods Corporation (NYSE:HRL) were recently published by: Prnewswire.com, which released: “Jennie-O Launches Turkey Tracker Just in Time for the Holidays” on November 08, 2018. Csrwire.com‘s article titled: “Hormel Heroes Scholarship Recipients Announced” and published on November 09, 2018 is yet another important article.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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