Pensionfund Dsm Netherlands buys $4,006,800 stake in Hormel Foods Corp (HRL)

Hormel Foods Corp (HRL) : Pensionfund Dsm Netherlands scooped up 30,000 additional shares in Hormel Foods Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 106,000 shares of Hormel Foods Corp which is valued at $4,006,800.Hormel Foods Corp makes up approximately 0.55% of Pensionfund Dsm Netherlands’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in HRL in the latest quarter, The investment management firm added 5,800 additional shares and now holds a total of 62,164 shares of Hormel Foods Corp which is valued at $2,349,799. Hormel Foods Corp makes up approx 0.03% of Nisa Investment Advisors’s portfolio. Simplex Trading added HRL to its portfolio by purchasing 2,632 company shares during the most recent quarter which is valued at $98,568. Hormel Foods Corp makes up approx 0.01% of Simplex Trading’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in HRL by selling 950 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 68,999 shares of HRL which is valued at $2,584,013. Hormel Foods Corp makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio. Central Bank Trust Co added HRL to its portfolio by purchasing 73 company shares during the most recent quarter which is valued at $2,734.Telemus Capital boosted its stake in HRL in the latest quarter, The investment management firm added 283 additional shares and now holds a total of 23,139 shares of Hormel Foods Corp which is valued at $854,060. Hormel Foods Corp makes up approx 0.10% of Telemus Capital’s portfolio.

Hormel Foods Corp closed down -0.01 points or -0.03% at $37.8 with 18,42,996 shares getting traded on Tuesday. Post opening the session at $37.75, the shares hit an intraday low of $37.58 and an intraday high of $37.94 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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