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

November 10, 2018 - By whatsonthorold

Hormel Foods Corporation (NYSE:HRL) LogoInvestors sentiment decreased to 1.04 in 2018 Q2. Its down 0.09, from 1.13 in 2018Q1. It dived, 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.
Aviva Public Limited Com has 0.03% invested in Hormel Foods Corporation (NYSE:HRL). Kanawha Capital Mgmt Ltd Llc has invested 0.04% in Hormel Foods Corporation (NYSE:HRL). Riverhead Management Limited Liability reported 114,236 shares. Hightower Ltd Co owns 82,751 shares for 0.02% of their portfolio. Bryn Mawr reported 0.32% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Ameriprise Finance has 0% invested in Hormel Foods Corporation (NYSE:HRL) for 268,512 shares. Macquarie Gru Incorporated holds 6.19 million shares. Fairpointe Llc owns 4.09 million shares. Renaissance Technology Ltd Limited Liability Company holds 0.01% or 257,500 shares in its portfolio. Employees Retirement Sys Of Texas reported 13,000 shares. Citadel Limited Liability Company reported 0% in Hormel Foods Corporation (NYSE:HRL). Keybank National Association Oh owns 26,635 shares. Janney Montgomery Scott Limited Liability accumulated 109,986 shares. Teacher Retirement Of Texas invested in 0.01% or 59,085 shares. Adage Cap Ptnrs Limited Com owns 346,846 shares.

Since May 30, 2018, it had 0 buys, and 14 selling transactions for $7.01 million activity. NAKASONE ROBERT sold $373,000 worth of Hormel Foods Corporation (NYSE:HRL) on Friday, July 6. The insider Snee James P sold $829,790. $742,600 worth of Hormel Foods Corporation (NYSE:HRL) shares were sold by BINDER STEVEN G. Marco Lori J had sold 7,000 shares worth $290,517. On Friday, September 14 the insider CREWS TERRELL K sold $278,912. On Tuesday, September 4 the insider Leitch Glenn R sold $545,025.

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 1.85 million 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 maintained by Buckingham Research on Thursday, August 16 with “Neutral”. Vertical Group downgraded Hormel Foods Corporation (NYSE:HRL) on Tuesday, November 6 to “Sell” rating. BMO Capital Markets downgraded it to “Market Perform” rating and $44 target in Monday, September 17 report. The stock of Hormel Foods Corporation (NYSE:HRL) earned “Equal-Weight” rating by Barclays Capital on Friday, August 24. As per Wednesday, July 25, the company rating was downgraded by Mizuho. Buckingham Research maintained Hormel Foods Corporation (NYSE:HRL) on Friday, May 25 with “Neutral” rating. Stephens downgraded the shares of HRL in report on Tuesday, July 17 to “Equal-Weight” rating.

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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