Economy

Hormel Foods Corporation (HRL) Shares Sold by Ameriprise Financial Inc

Insiders sold a total of 194,518 shares of company stock worth $6,132,366 over the last ninety days. The current dividend yield of Hormel Foods Corporation is and the earnings per share is 1.62. The stock of Hormel Foods Corp (NYSE:HRL) earned "Buy" rating by BMO Capital Markets on Wednesday, September 27. The stock decreased 0.53% or $0.16 during the last trading session, reaching $30.27. It has underperformed by 18.23% the S&P500. BMO Capital Markets has "Buy" rating and $4500 target. The company has market cap of $16.00 billion. The stock decreased 1.30% or $0.76 during the last trading session, reaching $57.74. About 9,154 shares traded. It has underperformed by 19.60% the S&P500. Credit Suisse Group lowered shares of Hormel Foods Corporation from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $39.00 to $33.00 in a report on Friday, August 25th. Therefore 36% are positive. The MF Rank of Hormel Foods Corporation (NYSE:HRL) is 1302. Jefferies initiated Hormel Foods Corp (NYSE:HRL) on Wednesday, December 16 with "Buy" rating. The company was upgraded on Friday, September 16 by Edward Jones. The stock has "Overweight" rating by Stephens on Friday, June 16. The rating was maintained by Barclays Capital on Friday, August 25 with "Overweight". The rating was downgraded by Stephens on Thursday, September 17 to "Equal Weight". The firm has "Hold" rating by Pivotal Research given on Tuesday, July 25. Hormel Foods Corp (NYSE:HRL) has declined 1.53% since October 24, 2016 and is downtrending.

Investors sentiment increased to 1.31 in 2017 Q2. EPS long term mean growth rate estimated by 2 analysts is at 1.62%, whereas, the high and low Long term growth rate estimated at 2.7 and 0.53.

Royal Bank of Canada boosted its position in shares of Hormel Foods Corporation (NYSE:HRL) by 22.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HRL. 195.22 million shares or 2.48% more from 190.49 million shares in 2017Q1 were reported. Acadian Asset Ltd Liability stated it has 0% of its portfolio in Hormel Foods Corp (NYSE:HRL).

Hormel Foods Corporation (HRL) pays a dividend of 0.68, which translates to dividend yield of 2.25% based on the current price. Sns Financial Grp Inc Ltd Liability Corporation holds 0.09% of its portfolio in Hormel Foods Corp (NYSE:HRL) for 9,532 shares. Cardinal Inc holds 0% or 1,000 shares in its portfolio.

Hormel Foods Corporation (NYSE:HRL) last released its quarterly earnings results on Tuesday, November 22nd. Hormel Foods Corporation's payout ratio is now 41.98%. Cliftonlarsonallen Wealth Advsr Ltd Liability Corp holds 41,854 shares or 0.16% of its portfolio.

Among 31 analysts covering Twenty-First Century Fox Inc (NASDAQ:FOXA), 23 have Buy rating, 0 Sell and 8 Hold. Hartford Invest Mngmt reported 99,597 shares. Moreover, Financial Architects Incorporated has 0% invested in Hormel Foods Corp (NYSE:HRL). A D Beadell Investment Counsel has invested 0.26% in Hormel Foods Corp (NYSE:HRL). Stockholders of record on Monday, October 23rd will be given a $0.17 dividend.

Since June 14, 2017, it had 0 insider purchases, and 1 insider sale for $45,258 activity. Zacks Investment Research downgraded shares of Hormel Foods Corporation from a "hold" rating to a "sell" rating in a research report on Monday, August 21st. Wedbush maintained Twenty-First Century Fox Inc (NASDAQ:FOXA) on Tuesday, February 9 with "Outperform" rating. The firm has "Hold" rating given on Wednesday, July 27 by Jefferies. Cowen & Co has "Hold" rating and $3300 target. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company's revenue was down 4.1% compared to the same quarter previous year. The ex-dividend date of this dividend is Thursday, January 12th.

Investors sentiment increased to 1 in 2017 Q2. Its up 0.22, from 1.09 in 2017Q1. It is positive, as 29 investors sold DST shares while 12 reduced holdings. 661.79 million shares or 5.01% less from 696.72 million shares in 2017Q1 were reported. CapStar Bank is a commercial bank. They expect $0.40 earnings per share, down 11.11% or $0.05 from last year's $0.45 per share. OppenheimerFunds Inc. now owns 34,692 shares of the company's stock worth $1,201,000 after purchasing an additional 2,621 shares in the last quarter. 769,962 were accumulated by Glenmede Na. 24,291 were accumulated by Warren Averett Asset Management Ltd Llc. Guardian Life Insurance Of America reported 893 shares. While, the institutional ownership of Rent-A-Center, Inc. The Tiaa Cref Investment Management Llc holds 376,838 shares with $23.25M value, up from 127,753 last quarter. Ameritas Partners Incorporated owns 15,760 shares for 0.03% of their portfolio. About 1.92 million shares traded. The firm has 54.37 shares were outstanding. M&T Bancshares Corporation reported 174,439 shares or 0.02% of all its holdings. Lombard Odier Asset Management (Switzerland) invested in 50,924 shares. Shares for $528,176 were sold by DONNELLY MICHAEL JOSEPH on Wednesday, May 10.

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