Hormel Foods Corporation (NYSE:HRL) insider Steven G. Binder sold 15,000 shares of Hormel Foods Corporation stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $31.23, for a total value of $468,450.00. Following the completion of the transaction, the insider now owns 26,838 shares of the company’s stock, valued at approximately $838,150.74. The sale was disclosed in a document filed with the SEC, which is available at this link.

Hormel Foods Corporation (NYSE HRL) traded up 1.12% on Friday, reaching $31.60. The company had a trading volume of 3,113,289 shares. The company has a 50-day moving average of $33.12 and a 200 day moving average of $34.11. The stock has a market cap of $16.69 billion, a price-to-earnings ratio of 19.51 and a beta of 0.58. Hormel Foods Corporation has a one year low of $30.50 and a one year high of $38.84.

Hormel Foods Corporation (NYSE:HRL) last released its quarterly earnings data on Thursday, August 24th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.03. Hormel Foods Corporation had a net margin of 9.38% and a return on equity of 18.90%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts predict that Hormel Foods Corporation will post $1.56 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new stake in shares of Hormel Foods Corporation in the 2nd quarter valued at approximately $111,000. BB&T Investment Services Inc. bought a new stake in shares of Hormel Foods Corporation in the 2nd quarter valued at approximately $118,000. Canada Pension Plan Investment Board grew its stake in shares of Hormel Foods Corporation by 230.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,822 shares of the company’s stock valued at $132,000 after purchasing an additional 2,664 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of Hormel Foods Corporation by 20.1% in the 1st quarter. SRS Capital Advisors Inc. now owns 4,299 shares of the company’s stock valued at $148,000 after purchasing an additional 718 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Hormel Foods Corporation by 7.2% in the 1st quarter. Van ECK Associates Corp now owns 4,387 shares of the company’s stock valued at $152,000 after purchasing an additional 295 shares during the period. Institutional investors own 38.91% of the company’s stock.

Several research analysts have recently commented on the company. Stephens reiterated an “overweight” rating and issued a $50.00 target price on shares of Hormel Foods Corporation in a research report on Friday, June 16th. Barclays PLC assumed coverage on Hormel Foods Corporation in a research report on Tuesday, June 6th. They issued an “overweight” rating and a $38.00 target price for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $34.00 target price on shares of Hormel Foods Corporation in a research report on Friday, June 30th. BidaskClub upgraded Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered Hormel Foods Corporation from a “hold” rating to a “sell” rating in a research report on Monday, May 29th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Hormel Foods Corporation has a consensus rating of “Hold” and an average price target of $38.36.

Hormel Foods Corporation Company Profile

Insider Buying and Selling by Quarter for Hormel Foods Corporation (NYSE:HRL)

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