Hormel Foods Corporation (HRL) EPS Estimated At $0.45 as of May, 24

May 16, 2018 - By Lisa Delgado

Hormel Foods Corporation (NYSE:HRL) Corporate Logo
During Q4 2017 the big money sentiment increased to 1.09. That’s change of 0.17, from 2017Q3’s 0.92. 38 investors sold all, 157 reduced holdings as Hormel Foods Corporation ratio increased. 147 increased stakes while 65 funds took stakes. Funds hold 195.04 million shares thus 2.11% more from 2017Q3’s 191.01 million shares.
Clinton stated it has 39,501 shs. Cap Guardian has invested 0.34% in Hormel Foods Corporation (NYSE:HRL). Fincl Bank Of New York Mellon holds 1.79M shs. 70,129 were reported by Oregon Pub Employees Retirement Fund. Northwestern Mutual Wealth Mngmt Company accumulated 11,115 shs. Farmers Merchants Incorporated owns 115 shs for 0% of their capital. Metropolitan Life Comm invested in 41,697 shs. Fifth Third National Bank & Trust, a Ohio-based fund reported 105,279 shs. Commonwealth Commercial Bank Of Aus holds 0.01% or 39,740 shs. First Citizens Bancshares Trust Com has invested 0.03% in Hormel Foods Corporation (NYSE:HRL). State Street reported 30.59 million shs. Hbk Sorce Advisory Ltd Llc has invested 0.07% in Hormel Foods Corporation (NYSE:HRL). Synovus Fincl has invested 0.03% of its capital in Hormel Foods Corporation (NYSE:HRL). First Merchants invested in 0.38% or 61,857 shs. United Automobile Association owns 101,755 shs.

Hormel Foods Corporation registered $10.12 million net activity with 0 insider purchases and 10 sales since December 21, 2017. On Thursday, April 12 PIPPINS DAKOTA A sold $140,140 worth of Hormel Foods Corporation (NYSE:HRL) or 4,000 shs. On Wednesday, April 11 Murano Elsa A sold $212,716 worth of Hormel Foods Corporation (NYSE:HRL). On Thursday, March 8 BINDER STEVEN G also sold $668,000 worth of Hormel Foods Corporation (NYSE:HRL). On Thursday, December 21 8,000 shs were sold by Coffey Mark A, worth $279,761. Shares for $151,403 were sold by Forbes Glenn S. Shares for $33,884 were sold by Marconi Luis G.

Hormel Foods Corporation (NYSE:HRL)’s earnings report is anticipated by WallStreet on May, 24, as reported by RTT. This year’s earnings per share analyst estimate is anticipated to be $0.45. That is 15.38 % up compareed to $0.39 earnings per share for last year. If reported the P/E will be 20.21 with $238.28 million profit. Analysts at Wall Street see Hormel Foods Corporation’s 2.27 % EPS growth compared to $0.44 earnings per share for last quarter. Ticker’s shares touched $36.38 during the last trading session after 1.17% change.Hormel Foods Corporation has volume of 1.49 million shares. Since May 16, 2017 HRL has declined 1.70% and is downtrending. HRL underperformed by 13.25% the S&P500.

Hormel Foods Corporation (NYSE:HRL) Ratings Coverage

Total analysts of 5 have positions in Hormel Foods (NYSE:HRL) as follows: 3 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 60%. Since November 21, 2017 according to StockzIntelligence Inc Hormel Foods has 8 analyst reports. On Thursday, January 4 the firm has “Buy” rating by Piper Jaffray given. The company rating was maintained by Credit Suisse on Tuesday, February 27. On Tuesday, November 21 the firm earned “Hold” rating by Mizuho. On Sunday, February 25 the rating was maintained by Piper Jaffray with “Buy”. On Friday, February 23 Barclays Capital maintained Hormel Foods Corporation (NYSE:HRL) with “Overweight” rating. On Thursday, November 30 the rating was maintained by Jefferies with “Hold”. On Wednesday, February 14 Jefferies upgraded the shares of HRL in report to “Buy” rating. On Friday, December 1 the stock of Hormel Foods Corporation (NYSE:HRL) earned “Overweight” rating by Barclays Capital.

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally.The company has $19.26 billion market cap. The firm operates through five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other.21.51 is the 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.

A couple more Hormel Foods Corporation (NYSE:HRL) news were published by: Seekingalpha.com which released on May 16, 2018 “Retirement Strategy: I Am Done Being Wrong About This Market”, also Seekingalpha.com on May 08, 2018 published “Morgan Stanley warns on meat margins”, the next Seekingalpha.com is “Hormel Foods: $40 Our Target” on April 17, 2018. Fool.com has article titled “3 Dividend Investing Tips That Could Earn You Thousands”.

Hormel Foods Corporation (NYSE:HRL) Institutional Investors Chart

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