Economy

Hormel Foods Corporation (NYSE:HRL) Director Dakota A. Pippins Sells 4000 Shares

SRS Capital Advisors Inc. now owns 4,299 shares of the company's stock valued at $148,000 after purchasing an additional 718 shares in the last quarter. Virginia Retirement Systems Et Al holds 0.16% of its portfolio in Hormel Foods Corp (NYSE:HRL) for 367,276 shares. The stock declined 1.07% or $0.34 reaching $31.39 on the news. 422,446 shares of the company traded hands. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/09/20/delta-lloyd-asset-management-n-v-takes-1-70-million-position-in-hormel-foods-corporation-hrl.html. The SI to Brinker International Incorporated's float is 23.24%. Following the transaction, the director now directly owns 92,377 shares in the company, valued at $2,919,113.20. There has been an observed change of -32.73% in the ownership of the shares in the past six months. Spdr Series Trust (LAG) was reduced too.

Since March 30, 2017, it had 0 insider purchases, and 6 selling transactions for $3.00 million activity. Another trade for 7,500 shares valued at $258,750 was made by Murano Elsa A on Wednesday, April 5. Lastly, Nexus Investment Management grew its holdings in stocks of Hormel Foods Corporation by 33.3% through out the Fiscal Q2. The insider Marconi Luis G sold 1,300 shares worth $45,258. If the published price targets set by Hormel Foods Corporation analysts have any power to influence the stock's share price, the highest price target set for HRL is $50.

Hormel Foods Corporation (NYSE:HRL) appreciated by 0.25% at $31.73, after hitting low of $31.31 in an intra-day trade. Therefore 36% are positive. On average, equities analysts forecast that Hormel Foods Corporation will post $1.67 EPS for the current year. RBC Capital Markets has "Buy" rating and $420.0 target. The company has a market cap of $16.75 billion, a P/E ratio of 19.59 and a beta of 0.58. Lastly, Jefferies reiterated a "hold" recommendation and fixed a $34.00 target price on stock of Hormel Foods Corporation in a study note on early Mon, Jun 12th. The firm has "Neutral" rating given on Friday, August 25 by Buckingham Research. Zacks Investment Research raised Hormel Foods Corporation from a "sell" rating to a "hold" rating in a research report on Monday, September 11th. They set a "sector weight" rating on the stock. It improved, as 38 investors sold Hormel Foods Corp shares while 139 reduced holdings. The firm has "Buy" rating by BMO Capital Markets given on Wednesday, August 9. The company was maintained on Wednesday, November 25 by Credit Suisse.

Investors sentiment increased to 1.31 in Q2 2017. Its up 0.22, from 1.09 in 2017Q1.

Several hedge funds have recently bought and sold shares of HRL. 61 funds opened positions while 171 raised stakes. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by ($0.03). Ig Ltd accumulated 163,400 shares or 0.03% of the stock. 288,778 shares or 21.38% less from 367,299 shares in 2017Q1 were reported.

Shares of WEC Energy Group, Inc. Stephens Ar stated it has 0.12% in Hormel Foods Corp (NYSE:HRL). Weiss Multi holds 50,651 shares. Hbk Sorce Advisory Limited Com has invested 0.07% in Hormel Foods Corp (NYSE:HRL). Crestpoint Mngmt Limited Com invested 0.75% of its portfolio in Hormel Foods Corp (NYSE:HRL). (NASDAQ:CHTR). Cibc Mkts Corp invested in 0.87% or 245,367 shares.

Hormel Foods Corporation (HRL) opened at 31.73 on Wednesday. Perkins Investment Management Ltd Liability Corp has invested 0% in Hormel Foods Corp (NYSE:HRL). The stock was trading at a distance of -18.31% from its 52-week highs and stands 4.03% away from its 52-week lows.

Analysts have given a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 67% are positive. Charter Comm had 48 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Brinker International, Inc. As per Tuesday, April 5, the company rating was downgraded by BB&T Capital. The rating was downgraded by Longbow to "Neutral" on Tuesday, October 20.

A number of brokerages have recently commented on HRL. RBC Capital Markets maintained Charter Communications, Inc. The rating was maintained by Bank of America on Thursday, January 21 with "Underperform". The rating was maintained by Maxim Group on Thursday, January 7 with "Buy". (NASDAQ:CHTR). Asset Mgmt Group has 0.17% invested in Charter Communications, Inc. The stock has "Buy" rating by UBS on Wednesday, August 10.

Investors sentiment decreased to 0.86 in 2016 Q4. Its down 0.02, from 0.88 in 2016Q3. However, the institutional investors are observed to own 40.60% of the total shares. Burney Company has invested 0.03% of its portfolio in Charter Communications, Inc. Phocas Financial stated it has 0% in Charter Communications, Inc. Vantage Investment Advsr Lc holds 135 shares or 0% of its portfolio. Alliancebernstein Limited Partnership holds 0.01% or 474,875 shares. (NYSE:EAT) for 1.17 million shares. Sit Associate invested in 18,125 shares.

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