Analysts See $0.45 EPS for Hormel Foods Corporation (HRL)

May 18, 2018 - By Stephen Andrade

Hormel Foods Corporation (NYSE:HRL) LogoInvestors sentiment increased to 1.09 in 2017 Q4. Its up 0.17, from 0.92 in 2017Q3. It improved, as 38 investors sold Hormel Foods Corporation shares while 157 reduced holdings. 65 funds opened positions while 147 raised stakes. 195.04 million shares or 2.11% more from 191.01 million shares in 2017Q3 were reported.
Cibc Asset Management accumulated 48,975 shares. Federated Invsts Inc Pa stated it has 5,911 shares. Gyroscope Mngmt Gru Inc Ltd Liability Corp holds 0.11% of its portfolio in Hormel Foods Corporation (NYSE:HRL) for 6,499 shares. Vanguard Group has 31.69 million shares. Financial Bank Of Montreal Can invested in 0.01% or 310,845 shares. Cornerstone Capital stated it has 7,475 shares. Ashfield Cap Prtnrs Limited Company, a California-based fund reported 6,000 shares. Toronto Dominion Bank & Trust holds 117,225 shares. Endowment Mngmt L P holds 13,040 shares or 0.07% of its portfolio. Stratos Wealth Partners Ltd has invested 0.02% in Hormel Foods Corporation (NYSE:HRL). Kayne Anderson Rudnick Invest Limited Liability Company owns 414,986 shares. Jpmorgan Chase reported 901,512 shares. 590 were accumulated by Sun Life Finance Incorporated. State Board Of Administration Of Florida Retirement System invested in 0.04% or 431,198 shares. M&T Natl Bank Corporation accumulated 31,445 shares.

Since December 21, 2017, it had 0 buys, and 10 insider sales for $10.12 million activity. Murano Elsa A also sold $256,644 worth of Hormel Foods Corporation (NYSE:HRL) on Thursday, January 4. $140,140 worth of Hormel Foods Corporation (NYSE:HRL) was sold by PIPPINS DAKOTA A. 8,000 shares valued at $279,761 were sold by Coffey Mark A on Thursday, December 21. The insider Forbes Glenn S sold 4,492 shares worth $151,403. BINDER STEVEN G sold $668,000 worth of stock or 20,000 shares. SPLINTER JAMES M also sold $1.70 million worth of Hormel Foods Corporation (NYSE:HRL) on Tuesday, April 10.

Analysts expect Hormel Foods Corporation (NYSE:HRL) to report $0.45 EPS on May, 24 before the open.They anticipate $0.06 EPS change or 15.38 % from last quarter’s $0.39 EPS. HRL’s profit would be $238.28 million giving it 20.21 P/E if the $0.45 EPS is correct. After having $0.44 EPS previously, Hormel Foods Corporation’s analysts see 2.27 % EPS growth. It closed at $36.38 lastly. It is down 1.70% since May 18, 2017 and is downtrending. It has underperformed by 13.25% the S&P500.

Hormel Foods Corporation (NYSE:HRL) Ratings Coverage

Among 5 analysts covering Hormel Foods (NYSE:HRL), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Hormel Foods had 8 analyst reports since November 21, 2017 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, February 27. On Sunday, February 25 the stock rating was maintained by Piper Jaffray with “Buy”. As per Thursday, November 30, the company rating was maintained by Jefferies. The stock of Hormel Foods Corporation (NYSE:HRL) has “Overweight” rating given on Friday, February 23 by Barclays Capital. As per Tuesday, November 21, the company rating was maintained by Mizuho. Jefferies upgraded Hormel Foods Corporation (NYSE:HRL) on Wednesday, February 14 to “Buy” rating. The rating was reinitiated by Barclays Capital on Friday, December 1 with “Overweight”. The stock of Hormel Foods Corporation (NYSE:HRL) earned “Buy” rating by Piper Jaffray on Thursday, January 4.

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company has market cap of $19.26 billion. The firm operates through five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It has a 21.51 P/E ratio. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products, such as canned luncheon meats, peanut butter, chilies, shelf-stable microwaveable meals, hash, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.

More recent Hormel Foods Corporation (NYSE:HRL) news were published by: Seekingalpha.com which released: “Retirement Strategy: I Am Done Being Wrong About This Market” on May 16, 2018. Also Fool.com published the news titled: “3 Dividend Investing Tips That Could Earn You Thousands” on May 15, 2018. Seekingalpha.com‘s news article titled: “Morgan Stanley warns on meat margins” with publication date: May 08, 2018 was also an interesting one.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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