Hormel Foods Corporation (HRL) Insider Trading: MORRISON JOHN L sold 24814 Shares

Lloyd Doyle
October 19, 2017

Barclays PLC decreased their price objective on shares of Hormel Foods Corporation from $38.00 to $35.00 and set an "overweight" rating on the stock in a report on Friday, August 25th. The institutional investor held 69,525 shares of the meat and poultry and fish company at the end of 2017Q2, valued at $2.37M, up from 29,395 at the end of the previous reported quarter. The stock decreased 1.04% or $0.33 during the last trading session, reaching $31.52. About shares traded. Hormel Foods Corp (NYSE:HRL) has declined 1.53% since October 18, 2016 and is downtrending. It has underperformed by 18.23% the S&P500. (NYSE:GIS), 1 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Cree Inc. has $37 highest and $18 lowest target. $42.30's average target is 34.29% above currents $31.5 stock price. Yelp had 126 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Tuesday, August 8 by Stifel Nicolaus. The firm has "Buy" rating by Maxim Group given on Wednesday, May 10. Goldman Sachs maintained the stock with "Sell" rating in Wednesday, August 17 report. The stock has "Market Perform" rating by Raymond James on Wednesday, July 29. BMO Capital Markets maintained it with "Buy" rating and $45 target in Friday, March 31 report. On Thursday, February 18 the stock rating was downgraded by CLSA to "Underperform". Susquehanna initiated the stock with "Neutral" rating in Monday, October 26 report. The company presently has an average rating of "Hold" and an average target price of $37.00. Its up 0.22, from 1.09 in 2017Q1. It is positive, as 38 investors sold HRL shares while 139 reduced holdings. 195.22 million shares or 2.48% more from 190.49 million shares in 2017Q1 were reported. Fuller & Thaler Asset Mngmt accumulated 0% or 5,500 shares. 66,507 were accumulated by Private Advisor Gru Limited Liability Com.

Glenmede Trust Na invested 0.31% of its portfolio in Hormel Foods Corp (NYSE:HRL). First Republic Invest holds 0.01% or 45,507 shares. The stock of Hormel Foods Corp (NYSE:HRL) earned "Outperform" rating by BMO Capital Markets on Friday, August 19. (NYSE:GIS). Sigma Planning holds 0.18% or 34,086 shares in its portfolio.

TRADEMARK VIOLATION WARNING: "Hormel Foods Corporation (HRL) Expected to Announce Earnings of $0.39 Per Share" was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. Coastline Tru stated it has 0.39% of its portfolio in Hormel Foods Corp (NYSE:HRL). Riverhead Capital Mngmt Limited Co reported 131,190 shares. Stephens maintained Hormel Foods Corp (NYSE:HRL) on Friday, June 16 with "Overweight" rating.


The average Wall Street analyst rating for Hormel Foods Corporation is Hold, according to the average of 10 analyst scores. Therefore 36% are positive.

According to Hormel Foods Corporation's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 39.20%. Stephens upgraded Hormel Foods Corp (NYSE:HRL) rating on Wednesday, November 25. The rating was maintained by Credit Suisse with "Buy" on Thursday, May 25. In an analyst note shared with investors on 27 September, BMO Capital reaffirmed their "Buy" rating on shares of HRL. The firm has "Sector Weight" rating by KeyBanc Capital Markets given on Friday, December 2. Jefferies maintained Hormel Foods Corp (NYSE:HRL) on Monday, September 25 with "Hold" rating. The firm has "Hold" rating by Oppenheimer given on Tuesday, August 22. Blume Capital Mgmt has invested 0.11% in Hormel Foods Corp (NYSE:HRL). John Morrison has seen steady activity on the sell side, and on October 13, 2017, executed an option to sell 24814 shares. That transaction by Vanguard took place on June 30, 2017, the same day Susquehanna International Group, Llp purchased an additional 2770 shares in HRL to bring its total stake to 2770. The option since executed brings Binder ownership to 11838 shares. Vf Corporation (NYSE:VFC) was reduced too. This represents a $0.68 annualized dividend and a dividend yield of 2.16%. Donaker Geoffrey L also sold $119,960 worth of Yelp Inc (NYSE:YELP) shares. On Wednesday, June 14 the insider Marconi Luis G sold $45,258. Nachman Joseph R also sold $106,963 worth of Yelp Inc (NYSE:YELP) on Tuesday, May 23. Zacks' earnings per share calculations are an average based on a survey of research firms that that provide coverage for Hormel Foods Corporation. They expect $0.40 earnings per share, down 11.11 % or $0.05 from last year's $0.45 per share. 389.74 million shares or 0.52% less from 391.76 million shares in 2017Q1 were reported.

Investors sentiment decreased to 1.07 in 2017 Q2. Its up 0.22, from 1.09 in 2017Q1. 93 funds opened positions while 344 raised stakes. Public Employees Retirement Association Of Colorado has 14,237 shares for 0% of their portfolio. First Quadrant Ltd Partnership Ca stated it has 0% of its portfolio in Cree, Inc. (NYSE:GIS). Congress Asset Co Ma invested 0.1% in General Mills, Inc. Royal Bancorp Of Canada accumulated 436,643 shares. Gyroscope Cap Management Gp Ltd Liability Company invested in 0.11% or 6,642 shares. Hendley & Co Inc bought 40,130 shares as the company's stock declined 6.52% while stock markets rallied. Smith Thomas W stated it has 6.4% in Yelp Inc (NYSE:YELP). Jacobs Levy Equity Management reported 25,200 shares. Moreover, Crosslink Cap has 2.31% invested in Yelp Inc (NYSE:YELP) for 440,210 shares. (NYSE:GIS). Mirae Asset Global Ltd holds 0.01% in General Mills, Inc. Nationwide Fund Advisors invested in 56,926 shares. 80,410 are held by Zacks Invest Mgmt. The stock decreased 0.24% or $0.12 during the last trading session, reaching $51.7. BB&T Investment Services Inc. acquired a new position in shares of Hormel Foods Corporation in the 2nd quarter valued at about $118,000. It has underperformed by 27.33% the S&P500.

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER