Reaffirmed: Hormel Foods (NYSE:HRL) Neutral Rating Maintained at Buckingham; $32 Target in Place

May 25, 2018 - By Michael Collier

Hormel Foods Corporation (NYSE:HRL) Logo

Investors sentiment increased to 1.09 in Q4 2017. 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.

Bbva Compass Savings Bank Incorporated has 0.01% invested in Hormel Foods Corporation (NYSE:HRL) for 5,616 shares. Company Retail Bank invested 0.01% in Hormel Foods Corporation (NYSE:HRL). Segall Bryant And Hamill Limited Liability Co has 11,025 shares. Cornerstone Advisors Inc reported 68 shares. Exxonmobil Inv Tx owns 0.04% invested in Hormel Foods Corporation (NYSE:HRL) for 42,803 shares. New York State Common Retirement Fund reported 1.25M shares or 0.05% of all its holdings. Serv Automobile Association invested in 0.01% or 101,755 shares. White Pine Cap Lc holds 0.85% in Hormel Foods Corporation (NYSE:HRL) or 64,162 shares. 39,948 were accumulated by Blair William Co Il. Hightower Advsr Ltd Liability accumulated 83,647 shares. Middleton And Inc Ma owns 75,855 shares or 0.46% of their US portfolio. Meristem Llp stated it has 0.21% in Hormel Foods Corporation (NYSE:HRL). Principal Gru stated it has 1.83M shares. Aviance Capital Mngmt Limited Company invested in 2,285 shares or 0.01% of the stock. Parkside National Bank & Trust & Tru has 52 shares for 0% of their portfolio.

Since December 21, 2017, it had 0 buys, and 10 sales for $10.12 million activity. 48,000 shares were sold by SPLINTER JAMES M, worth $1.70M. 5,992 shares were sold by Murano Elsa A, worth $212,716 on Wednesday, April 11. The insider Forbes Glenn S sold $151,403. Shares for $515,716 were sold by NAKASONE ROBERT on Monday, April 9. $33,884 worth of Hormel Foods Corporation (NYSE:HRL) was sold by Marconi Luis G. The insider VORPAHL LARRY L sold $6.16M.

Hormel Foods (NYSE:HRL) Rating Reaffirmed

Recently, In an analyst report issued to clients on Friday, 25 May, Hormel Foods (NYSE:HRL) shares have had their Neutral Rating maintained by research professionals at Buckingham, who currently has a $32 target price per share on firm. This target by Buckingham means the possibile downside of -10.51 % from the last close price.

Hormel Foods Corporation (NYSE:HRL) Ratings Coverage

Among 4 analysts covering Hormel Foods (NYSE:HRL), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Hormel Foods has $42.0 highest and $33 lowest target. $35’s average target is -2.13% below currents $35.76 stock price. Hormel Foods had 7 analyst reports since November 30, 2017 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Wednesday, February 14. Jefferies maintained Hormel Foods Corporation (NYSE:HRL) on Thursday, November 30 with “Hold” rating. Barclays Capital maintained Hormel Foods Corporation (NYSE:HRL) rating on Friday, February 23. Barclays Capital has “Overweight” rating and $38 target. The stock of Hormel Foods Corporation (NYSE:HRL) has “Buy” rating given on Thursday, January 4 by Piper Jaffray. The stock of Hormel Foods Corporation (NYSE:HRL) has “Neutral” rating given on Tuesday, February 27 by Credit Suisse. Piper Jaffray maintained Hormel Foods Corporation (NYSE:HRL) rating on Sunday, February 25. Piper Jaffray has “Buy” rating and $39.0 target. Barclays Capital reinitiated it with “Overweight” rating and $40 target in Friday, December 1 report.

The stock increased 0.96% or $0.34 during the last trading session, reaching $35.76. About 1.57 million shares traded. Hormel Foods Corporation (NYSE:HRL) has declined 1.70% since May 25, 2017 and is downtrending. It has underperformed by 13.25% the S&P500.

Hormel Foods Corporation produces and markets various meat and food products worldwide. The company has market cap of $18.94 billion. The firm operates in five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It has a 21.15 P/E ratio. It provides various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products comprising canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other products.

More notable recent Hormel Foods Corporation (NYSE:HRL) news were published by: which released: “Too much turkey weighs down Hormel’s Q2” on May 24, 2018, also with their article: “Top Analyst Upgrades and Downgrades: Starbucks, Splunk, PayPal, L Brands, Medtronic, Gap, Novartis and More” published on May 25, 2018, published: “Morgan Stanley warns on meat margins” on May 08, 2018. More interesting news about Hormel Foods Corporation (NYSE:HRL) were released by: and their article: “Hormel Foods Corporation (HRL) CEO Jim Snee on Q2 2018 Results – Earnings Call Transcript” published on May 24, 2018 as well as‘s news article titled: “Hormel Foods Corp Stock Slips on Q2 Earnings Miss” with publication date: May 24, 2018.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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