EPS for Hormel Foods Corporation (HRL) Expected At $0.45

May 18, 2018 - By Eva Godbolt

Hormel Foods Corporation (NYSE:HRL) LogoInvestors sentiment increased to 1.09 in 2017 Q4. Its up 0.17, from 0.92 in 2017Q3. It increased, 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.
Rbf Capital Ltd stated it has 20,000 shares. Sei Investments holds 0.03% or 268,614 shares. United Automobile Association holds 0.01% or 101,755 shares in its portfolio. Morgan Stanley has 1.51 million shares for 0.02% of their portfolio. Advisory Rech owns 11,116 shares for 0.01% of their portfolio. Investec Asset Management stated it has 150,958 shares or 0.02% of all its holdings. Daiwa Group Incorporated has 9,219 shares. 17,887 are owned by Westpac Banking Corp. Nomura Holdg has 72,259 shares for 0% of their portfolio. Fiduciary Company reported 20,534 shares. Kentucky Retirement Ins Trust Fund has 0.04% invested in Hormel Foods Corporation (NYSE:HRL) for 7,149 shares. Whittier Tru has invested 0% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Gradient Invests Ltd Limited Liability Company has 218,931 shares. Kanawha Management Limited Company has 6,214 shares. State Street reported 0.09% of its portfolio in Hormel Foods Corporation (NYSE:HRL).

Since December 21, 2017, it had 0 buys, and 10 selling transactions for $10.12 million activity. Another trade for 7,129 shares valued at $256,644 was sold by Murano Elsa A. Another trade for 180,000 shares valued at $6.16M was sold by VORPAHL LARRY L. The insider Marconi Luis G sold $33,884. Coffey Mark A sold $279,761 worth of stock. 20,000 shares were sold by BINDER STEVEN G, worth $668,000. Forbes Glenn S had sold 4,492 shares worth $151,403.

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. As per Sunday, February 25, the company rating was maintained by Piper Jaffray. The firm has “Overweight” rating by Barclays Capital given on Friday, February 23. Jefferies upgraded Hormel Foods Corporation (NYSE:HRL) on Wednesday, February 14 to “Buy” rating. As per Friday, December 1, the company rating was reinitiated by Barclays Capital. The firm has “Hold” rating given on Tuesday, November 21 by Mizuho. The stock has “Hold” rating by Jefferies on Thursday, November 30. The stock of Hormel Foods Corporation (NYSE:HRL) earned “Buy” rating by Piper Jaffray on Thursday, January 4. As per Tuesday, February 27, the company rating was maintained by Credit Suisse.

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 Seekingalpha.com published the news titled: “Morgan Stanley warns on meat margins” on May 08, 2018. Fool.com‘s news article titled: “3 Dividend Investing Tips That Could Earn You Thousands” with publication date: May 15, 2018 was also an interesting one.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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