As Hormel Foods Corp (HRL) Stock Price Declined, Us Bancorp De Cut Position by $5.85 Million

Hormel Foods Corporation (NYSE:HRL) LogoInvestors sentiment increased to 1.09 in 2018 Q4. Its up 0.02, from 1.07 in 2018Q3. It improved, as 37 investors sold HRL shares while 150 reduced holdings. 61 funds opened positions while 142 raised stakes. 228.17 million shares or 4.97% more from 217.37 million shares in 2018Q3 were reported. Norinchukin Natl Bank The accumulated 0.03% or 49,946 shares. Acadian Asset Limited Liability Company owns 0% invested in Hormel Foods Corporation (NYSE:HRL) for 1,155 shares. Hightower Lc holds 0% or 13,527 shares. Indexiq Advsrs Lc accumulated 166,545 shares. Blackrock holds 23.51M shares. Kopp Inv Advisors Ltd Com holds 0.72% or 17,367 shares. Sigma Invest Counselors accumulated 54,525 shares. Moody Bancshares Tru Division reported 0% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Gideon Capital Advsrs has 0.08% invested in Hormel Foods Corporation (NYSE:HRL) for 4,728 shares. Miracle Mile Advsrs Ltd Liability reported 12,000 shares. Moreover, Signature Fincl Management has 0.96% invested in Hormel Foods Corporation (NYSE:HRL) for 93,940 shares. Moreover, Addenda Capital has 0.25% invested in Hormel Foods Corporation (NYSE:HRL) for 65,594 shares. Goldman Sachs Gp Inc stated it has 0.04% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Cookson Peirce owns 0.79% invested in Hormel Foods Corporation (NYSE:HRL) for 191,725 shares. Hills State Bank holds 0.08% of its portfolio in Hormel Foods Corporation (NYSE:HRL) for 6,292 shares.

Since September 17, 2018, it had 0 insider buys, and 11 selling transactions for $11.56 million activity. PIPPINS DAKOTA A also sold $178,360 worth of Hormel Foods Corporation (NYSE:HRL) on Monday, December 10. DAY THOMAS R also sold $2.21M worth of Hormel Foods Corporation (NYSE:HRL) shares. SPLINTER JAMES M had sold 48,000 shares worth $2.16M. NAKASONE ROBERT had sold 9,034 shares worth $411,878. Murano Elsa A had sold 5,808 shares worth $243,936 on Tuesday, January 8. Myers Kevin L had sold 2,734 shares worth $109,087.

Us Bancorp De decreased its stake in Hormel Foods Corp (HRL) by 6.16% based on its latest 2018Q4 regulatory filing with the SEC. Us Bancorp De sold 139,173 shares as the company’s stock declined 4.17% while stock markets rallied. The institutional investor held 2.12M shares of the meat and poultry and fish company at the end of 2018Q4, valued at $90.54 million, down from 2.26 million at the end of the previous reported quarter. Us Bancorp De who had been investing in Hormel Foods Corp for a number of months, seems to be less bullish one the $22.80 billion market cap company. The stock decreased 0.33% or $0.14 during the last trading session, reaching $42.56. About 6.11M shares traded or 107.69% up from the average. Hormel Foods Corporation (NYSE:HRL) has risen 32.94% since March 15, 2018 and is uptrending. It has outperformed by 28.57% the S&P500.

Us Bancorp De, which manages about $30.97B US Long portfolio, upped its stake in Paypal Holdings Inc by 126,684 shares to 411,227 shares, valued at $34.58M in 2018Q4, according to the filing. It also increased its holding in Ishares Russell Mid Cap Etf (IWR) by 4.51M shares in the quarter, for a total of 5.83 million shares, and has risen its stake in Vanguard Growth Index Fund Etf (VUG).

Analysts await Hormel Foods Corporation (NYSE:HRL) to report earnings on May, 23. They expect $0.48 EPS, up 9.09 % or $0.04 from last year’s $0.44 per share. HRL’s profit will be $257.12 million for 22.17 P/E if the $0.48 EPS becomes a reality. After $0.44 actual EPS reported by Hormel Foods Corporation for the previous quarter, Wall Street now forecasts 9.09 % EPS growth.

More notable recent Hormel Foods Corporation (NYSE:HRL) news were published by: Seekingalpha.com which released: “Stocks To Watch: Big Pharma, Green Trucks And Jobs Report – Seeking Alpha” on March 02, 2019, also Seekingalpha.com with their article: “Hormel Foods Is Still A Buy – Seeking Alpha” published on June 11, 2018, Seekingalpha.com published: “Hormel Foods – Valuation Now Unreasonable – Seeking Alpha” on November 21, 2018. More interesting news about Hormel Foods Corporation (NYSE:HRL) were released by: Seekingalpha.com and their article: “Hormel Delivers Another Strong Quarter; New All-Time Highs Ahead – Seeking Alpha” published on August 27, 2018 as well as Seekingalpha.com‘s news article titled: “Hormel Foods: Very Much On Our Radar – Seeking Alpha” with publication date: July 05, 2018.

Hormel Foods Corporation (NYSE:HRL) Ratings Coverage

Among 7 analysts covering Hormel Foods (NYSE:HRL), 0 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Hormel Foods had 11 analyst reports since September 17, 2018 according to SRatingsIntel. The stock has “Hold” rating by Stephens on Monday, March 4. The firm has “Hold” rating given on Thursday, February 21 by Jefferies. As per Wednesday, February 27, the company rating was maintained by Jefferies. As per Thursday, February 21, the company rating was maintained by Credit Suisse. BMO Capital Markets downgraded Hormel Foods Corporation (NYSE:HRL) rating on Monday, September 17. BMO Capital Markets has “Market Perform” rating and $44 target. The firm earned “Hold” rating on Tuesday, November 27 by Jefferies. Credit Suisse maintained it with “Neutral” rating and $39 target in Wednesday, November 21 report. Barclays Capital maintained Hormel Foods Corporation (NYSE:HRL) on Tuesday, March 5 with “Hold” rating. The rating was downgraded by Vertical Group on Tuesday, November 6 to “Sell”.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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