Q2 2018 EPS Estimates for Hormel Foods Corp Increased by Analyst (HRL)

07 Décembre, 2017, 01:01 | Auteur: Auguste Feret

Hormel Foods Corp (NYSE:HRL) Director Robert Nakasone sold 3,184 shares of the stock in a transaction on Monday, December 4th. The company had a trading volume of 3,424,300 shares, compared to its average volume of 2,410,223. Principal Financial Group Inc. boosted its position in Hormel Foods by 264.7% during the third quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HRL. Zacks Investment Research upgraded Hormel Foods from a "hold" rating to a "buy" rating and set a $39.00 target price on the stock in a report on Thursday, November 23rd. Cadence Capital Management LLC increased its position in shares of Hormel Foods by 1.0% in the second quarter. Autus Asset Management LLC raised its stake in shares of Hormel Foods Corp by 68.6% in the third quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Hormel Foods by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,766 shares of the company's stock worth $163,000 after purchasing an additional 19 shares during the period. Finally, BidaskClub upgraded Hormel Foods from a "sell" rating to a "hold" rating in a report on Wednesday, August 2nd.

Several equities research analysts have recently weighed in on the company. The Street has a 1/2/1990 target price on the shares for the next 12-18 months. The company now has a consensus rating of "Hold" and an average price target of $35.50. Credit Suisse Group dropped coverage on Hormel Foods in a report on Saturday, August 26th. The stock has an average rating of "Hold" and an average target price of $40.50.

The consensus analysts recommendation at this point stands at 2686.91 on this stock.

In other news, insider Donald H. Kremin sold 100,000 shares of the stock in a transaction that occurred on Monday, September 11th.

Toys for Tots Train Chugging Through Morris County This Weekend
WCG Hotels is offering guests and those in the community a variety of ways to give back this holiday season. It may not be the North Pole, but the Toys for Tots warehouse in Harford County might as well be.

Peralta board orders chancellor to halt Oakland A's stadium planning
The area is surrounded by parkland and neighborhoods, a stark contrast to the sea of asphalt the Oakland Coliseum exists in. The Athletics were looking at the 13-acre plot of land near Laney College that was close to downtown Oakland.

53-Year Old Rafael Palmeiro Considering MLB Comeback
Rafael Palmeiro wants to pull a Minnie Minoso. "Let me start by telling you this: I have never used steroids, period", Palmeiro said.

In order to tell which way a stock is trending, the stock's share price should be compared to its moving average. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven G. Binder sold 15,000 shares of the company's stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $34.40, for a total value of $550,400.00. Following the completion of the transaction, the insider now directly owns 887 shares of the company's stock, valued at approximately $28,082.42. The disclosure for this sale can be found here. Corporate insiders own 3.54% of the company's stock.

Hormel Foods Corp (HRL) traded up 0.83% during mid-day trading on Thursday, hitting $33.91. The company has a market cap of $19,888.57, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. Hormel Foods has a 1 year low of $29.75 and a 1 year high of $38.00.

Hormel Foods (NYSE:HRL) last posted its earnings results on Tuesday, November 21st. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.41 billion. Hormel Foods Corp had a net margin of 9.35% and a return on equity of 20.56%. The business's revenue for the quarter was down 5.1% compared to the same quarter a year ago. During the same period last year, the business posted $0.45 earnings per share. sell-side analysts predict that Hormel Foods will post 1.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. This represents a $0.75 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, January 12th. Louisiana State Employees Retirement System now owns 16,700 shares of the company's stock worth $570,000 after purchasing an additional 100 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in shares of Hormel Foods during the second quarter worth $189,000. Over the last quarter, insiders have sold 85,787 shares of company stock worth $2,955,553.

Conseillé:

  • Ravi Shankar Prasad questions Congress' stand on Ram Janmbhoomi case

    Ravi Shankar Prasad questions Congress' stand on Ram Janmbhoomi case

    Another party to the case, Haji Mehboob said he also wanted early disposal of the matter and did not approve of Sibal's stand. BJP chief Amit Shah tweeted that the Sunni Waqf Board stated that they don't agree with what Sibal said in court.
    Supreme Court lets Trump's latest travel ban go into full effect

    Supreme Court lets Trump's latest travel ban go into full effect

    The justices urged those courts to rule swiftly but offered no rationale for letting the full ban take effect in the meantime. We continue to stand for freedom, equality, and for those who are unfairly being separated from their loved ones.
    Kenya draw with Libya 0-0 in Cecafa Cup

    Kenya draw with Libya 0-0 in Cecafa Cup

    Zanzibar shocked Rwanda with a 3-1 win in the ongoing CECAFA Senior Challenge Cup at Machakos Stadium in Kenya , on Tuesday . Abed Yalew opened the scored for the four-time champions as early as the 24th minute after dominating the proceedings.
  • Amazon.com (NASDAQ:AMZN) Is Now Covered By Moffett Nathanson. What's Next?

    Following the transaction, the director now owns 17,114 shares of the company's stock, valued at approximately $20,583,692.36. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $1.09 by ($0.57).

    (IEX) Announces $0.37 Quarterly Dividend

    The firm has a market capitalization of $10,237.08, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.42 and a beta of 1.24. The institutional investor acquired 2,791 shares of the industrial products company's stock, valued at approximately $339,000.
    Obama to address mayors' meeting on climate change

    Obama to address mayors' meeting on climate change

    Chicago Chief Sustainability Officer Chris Wheat says the idea is to "fill the void" the Trump administration has left. Chicago officials are billing the two-day North American Climate Summit Chicago as the first of its kind in the city.
  • Luke Shaw will get more chances at Manchester United, says Jose Mourinho

    Luke Shaw will get more chances at Manchester United, says Jose Mourinho

    But he is always involved and working for the team. "The goal was important for Marcus Rashford too". Their confidence depends on that sometimes.
    USA  non-manufacturing sector reports slower expansion in November

    USA non-manufacturing sector reports slower expansion in November

    He added, "Comments from the survey respondents indicate that the economy and sector will continue to grow for the remainder of the year".
    Marvel is sending Wolverine to slash up the world of scripted podcasts

    Marvel is sending Wolverine to slash up the world of scripted podcasts

    You can see them in movies or live shows, or read them in comics, but soon Marvel will be telling a new story in a brand new way. The agents team up with deputy Bobby Reid (Andrew Keenan-Bolger) to investigate their main suspect, Logan ( Richard Armitage ).
  • PSA élabore un tricycle hybride

    PSA élabore un tricycle hybride

    Au final, il est capable de réaliser des trajets urbains en mode zéro émission à des vitesses allant jusqu'à 70 km/h. La catégorie L5e correspond aux véhicules 3 roues utilisables sur tout type de route dépassant les 50 km/h.
    Roger Goodell signs contract extension as National Football League  commissioner, per report

    Roger Goodell signs contract extension as National Football League commissioner, per report

    Blank told The MMQB that he spoke with Jones recently and that the Cowboys owner "understands the contract and how we got here". The deal was signed today, according to ProFootballTalk , although the terms of the deal have not yet been disclosed.
    Getty Museum holds fast against fire threat for now

    Getty Museum holds fast against fire threat for now

    Stunned motorists found the hillside ablaze and gridlock below as fire raced towards the homes of numerous city's rich and famous. North winds of 8 to 14 miles per hour and a relative humidity in the low 20's caused the fire to spread rapidly to the south.


Populaire

Vladimir Poutine officialise sa candidature à l'élection présidentielle de 2018 — Alerte
Et d'ajouter que pour se présenter à une élection, il fallait bénéficier de la confiance et du soutien des citoyens de Russie . Il s'agira de sa quatrième candidature.

Le streaming de la discorde entre Google et Amazon — YouTube
Et si vous pensiez que cette guéguerre n'est qu'une passade, sachez que les hostilités continuent entre les deux entreprises. Compte tenu de ce manque de réciprocité, nous retirons YouTube sur Echo Show et FireTV.

Harcèlement : "Time" désigne les "briseurs de silence" personnalités de l'année
Pas un jour ne passe depuis sans qu'une personnalité de premier plan ne soit accusée de harcèlement ou d'abus sexuels. On ne compte plus les stars déchues ces dernières semaines.

Le portrait est complet — Ligue des champions
Enfin, le Real Madrid a dû cravacher pour venir à bout de Dortmund (3-2) avec un nouveau record pour Ronaldo à la clé. Agüero, sorti du banc, a réduit le score sur penalty (90e+2).

Alain Juppé votera Maël de Calan — Présidence LR
Ce n'était même pas un secret de polichinelle, mais Alain Juppé a tout de même tenu à officialiser la chose. Il ne se contente pas de récuser toute alliance avec le Front national , il combat les idées du FN.

Strong natural disaster tremors felt in Delhi
People rushed out of their homes in Rudraprayag, Chamoli, Uttarkashi and Dehradun district as the strong tremors were felt. Media reports said that the tremors were felt in many parts of North India , including Chandigarh and Dehradun.

"The Silence Breakers" are Time magazine's Person of the Year 2017
The Time cover features five women, including Fowler, Swift and the actor Ashley Judd , who accused Weinstein of misconduct. Weinstein has denied via his lawyers and spokespeople that he engaged in any non-consensual behavior.

Oklahoma RB Rodney Anderson facing rape allegation
The emergency protective order was filed and issued Monday, with the woman writing "I remember feeling like I couldn't get away". Anderson's attorney, Derek Chance , released a statement in which he says his client is "shocked and disturbed" by the claims.

Bernstein Analysts Give Deutsche Lufthansa Aktiengesellschaft (LHA) a €33.00 Price Target
The Passenger Airline Group segment offers passenger services through a route network of 301 destinations in 100 countries. Deutsche Lufthansa Aktiengesellschaft has a 1-year low of €11.21 ($13.35) and a 1-year high of €29.76 ($35.43).

Model in Britain's sex-and-spy Profumo scandal dies at 75
Keeler, who had been living under the name of Sloane for many years, was briefly married twice; both marriages ended in divorce. In 1961 she had affairs with the Secretary of State for War Profumo and the Soviet military attache Yevgeny Ivanov.