Hormel Foods Corp (HRL) : Guggenheim Capital scooped up 373,361 additional shares in Hormel Foods Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,153,863 shares of Hormel Foods Corp which is valued at $79,822,163.Hormel Foods Corp makes up approximately 0.24% of Guggenheim Capital’s portfolio.
Other Hedge Funds, Including , Putnam Investments boosted its stake in HRL in the latest quarter, The investment management firm added 43,802 additional shares and now holds a total of 234,722 shares of Hormel Foods Corp which is valued at $8,698,797. Hormel Foods Corp makes up approx 0.02% of Putnam Investments’s portfolio. Shamrock Asset Management sold out all of its stake in HRL during the most recent quarter. The investment firm sold 13,938 shares of HRL which is valued $516,542. Pacad Investment Ltd. sold out all of its stake in HRL during the most recent quarter. The investment firm sold 16,087 shares of HRL which is valued $596,184.Oppenheimer Co Inc reduced its stake in HRL by selling 6,921 shares or 5.52% in the most recent quarter. The Hedge Fund company now holds 118,431 shares of HRL which is valued at $4,314,441. Hormel Foods Corp makes up approx 0.12% of Oppenheimer Co Inc’s portfolio.Investors Capital Advisory Services reduced its stake in HRL by selling 588 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 32,295 shares of HRL which is valued at $1,166,818. Hormel Foods Corp makes up approx 0.22% of Investors Capital Advisory Services’s portfolio.
Hormel Foods Corp closed down -0.05 points or -0.13% at $38.21 with 20,24,330 shares getting traded on Thursday. Post opening the session at $38.1, the shares hit an intraday low of $37.85 and an intraday high of $38.33 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Hormel Foods Corp reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.35. The company had revenue of $2302.38 million for the quarter, compared to analysts expectations of $2260.70 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on Hormel Foods Corp. Hormel Foods Corp was Upgraded by Edward Jones to ” Buy” on Aug 24, 2016. Hormel Foods Corp was Upgraded by Credit Suisse to ” Outperform” on Aug 22, 2016.
Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company has five segments: Grocery Products which consists of the processing marketing and sale of shelf-stable food products sold primarily in the retail market; Refrigerated Foods which consists of the processing marketing and sale of branded and unbranded pork and beef products for retail foodservice and fresh product customers; Jennie-O Turkey Store which consists of the processing marketing and sale of branded and unbranded turkey products for retail foodservice and fresh product customers; Specialty Foods which consists of the packaging and sale of private label shelf stable products nutritional products sugar and condiments to industrial retail and foodservice customers and International & Other which includes the Hormel Foods International operating segment which manufactures markets and sells the Company products internationally.