How Analysts Feel About Hormel Foods Corporation (NYSE:HRL)?

October 2, 2018 - By Michael Collier

Hormel Foods Corporation (NYSE:HRL) LogoInvestors sentiment decreased to 1.04 in 2018 Q2. Its down 0.09, from 1.13 in 2018Q1. It is negative, 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.
Moreover, Department Mb Bancshares N A has 0.72% invested in Hormel Foods Corporation (NYSE:HRL) for 171,963 shares. Hartford Invest Management, a Connecticut-based fund reported 49,851 shares. Proshare Advsr Ltd Llc has invested 0.46% in Hormel Foods Corporation (NYSE:HRL). Cliftonlarsonallen Wealth Lc reported 18,691 shares. Meiji Yasuda Asset Mngmt Ltd has 16,968 shares. Toronto Dominion Bancorporation holds 0.02% or 239,724 shares. Mai Cap Management owns 6,195 shares. Architects, a New Jersey-based fund reported 1,120 shares. Raymond James & Assocs has invested 0.01% in Hormel Foods Corporation (NYSE:HRL). Amundi Pioneer Asset Management invested 0.05% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Old Mutual Customised Solutions (Proprietary) Ltd reported 0.07% stake. Rampart Investment Management Com Ltd Liability holds 2,747 shares. Champlain Invest Partners Limited Co invested in 1.63% or 4.52M shares. Moreover, Citigroup has 0% invested in Hormel Foods Corporation (NYSE:HRL). Benjamin F Edwards &, Missouri-based fund reported 2,565 shares.

Since April 3, 2018, it had 0 buys, and 18 sales for $9.58 million activity. Shares for $318,000 were sold by Jamison Gary on Wednesday, September 5. Shares for $829,790 were sold by Snee James P on Tuesday, August 28. Another trade for 14,492 shares valued at $515,716 was sold by NAKASONE ROBERT. Brady Deanna T also sold $1.97M worth of Hormel Foods Corporation (NYSE:HRL) shares. DAY THOMAS R had sold 11,856 shares worth $456,730. Shares for $6.16M were sold by VORPAHL LARRY L on Tuesday, April 3.

Hormel Foods Corporation (NYSE:HRL) Ratings Coverage

Among 6 analysts covering Hormel Foods (NYSE:HRL), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. Hormel Foods had 7 analyst reports since May 25, 2018 according to SRatingsIntel. The stock has “Equal-Weight” rating by Stephens on Tuesday, July 17. The stock of Hormel Foods Corporation (NYSE:HRL) has “Market Perform” rating given on Monday, September 17 by BMO Capital Markets. The firm earned “Equal-Weight” rating on Friday, August 24 by Barclays Capital. The rating was downgraded by Mizuho on Wednesday, July 25 to “Underperform”. The firm has “Neutral” rating by Buckingham Research given on Friday, May 25. Buckingham Research maintained the stock with “Neutral” rating in Thursday, August 16 report. Below is a list of Hormel Foods Corporation (NYSE:HRL) latest ratings and price target changes.

28/09/2018 Broker: JP Morgan Rating: Neutral New Target: $41 Initiates Coverage On
17/09/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Market Perform Old Target: $38 New Target: $44 Downgrade
24/08/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Equal-Weight Old Target: $38 New Target: $38 Downgrade
16/08/2018 Broker: Buckingham Research Old Rating: Neutral New Rating: Neutral Old Target: $32 New Target: $34 Maintain
25/07/2018 Broker: Mizuho Old Rating: Neutral New Rating: Underperform Old Target: $35 Downgrade
17/07/2018 Broker: Stephens Old Rating: Overweight New Rating: Equal-Weight Old Target: $80 Downgrade
25/05/2018 Broker: Buckingham Research Old Rating: Neutral New Rating: Neutral Old Target: $34 New Target: $32 Maintain

The stock increased 0.15% or $0.06 during the last trading session, reaching $39.36. About 162,667 shares traded. Hormel Foods Corporation (NYSE:HRL) has risen 32.29% since October 2, 2017 and is uptrending. It has outperformed by 16.67% the S&P500.

Hormel Foods Corporation produces and markets various meat and food products worldwide. The company has market cap of $20.98 billion. The firm operates in five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It has a 22.11 P/E ratio. It provides various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products comprising canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other products.

Another recent and important Hormel Foods Corporation (NYSE:HRL) news was published by Benzinga.com which published an article titled: “BMO Shifts To Neutral Stance On Hormel, Cites Valuation, Trade Concerns” on September 17, 2018.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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