Hormel Foods Corp (HRL) Analysts See $0.40 EPS

Marco Green
November 15, 2017

About 1.67M shares traded. Hormel Foods Corp (NYSE:HRL) has declined 1.53% since November 14, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. It was reported on Nov, 14 by Barchart.com. Over the last three months, insiders have sold 55,164 shares of company stock worth $1,914,055.

Nwq Investment Management Company Llc increased Calpine Corp (CPN) stake by 2.88% reported in 2017Q2 SEC filing. Vanguard Group Inc. now owns 31,046,698 shares of the company's stock worth $1,059,004,000 after purchasing an additional 777,942 shares during the last quarter. American Century Companies Inc. now owns 3,051,908 shares of the company's stock worth $98,088,000 after buying an additional 936,053 shares during the period. Coach Inc now has $11.48B valuation. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by ($0.03). Hexcel Corporation (NYSE:HXL) has risen 15.53% since November 14, 2016 and is uptrending. It has underperformed by 18.23% the S&P500.

In other Hormel Foods Corp. news, Director Robert Nakasone sold 18,502 shares of the firm's stock in a transaction dated Friday, January 6th. During the same period in the previous year, the business posted $0.36 EPS.

Among 14 analysts covering Hexcel (NYSE:HXL), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 33% are positive. Hormel Foods Corp. has a 52 week low of $33.18 and a 52 week high of $45.72. Barclays Capital maintained the stock with "Overweight" rating in Friday, August 25 report. The stock has "Buy" rating by Buckingham Research on Friday, October 6. Goldman Sachs downgraded Hexcel Corporation (NYSE:HXL) rating on Monday, January 4. The firm has "Buy" rating by BMO Capital Markets given on Friday, March 31. BMO Capital Markets maintained it with "Buy" rating and $4500 target in Wednesday, August 9 report. The consensus rating is 2.8, suggesting the market has given up on the stock. Stephens upgraded the stock to "Overweight" rating in Wednesday, November 25 report. The company was maintained on Friday, June 16 by Stephens.

Since June 14, 2017, it had 0 insider buys, and 1 sale for $45,258 activity. Jefferies Group LLC set a $34.00 target price on shares of Hormel Foods Corporation and gave the stock a "hold" rating in a research note on Sunday, October 29th.

Hormel Foods Corp. had a net margin of 9.35% and a return on equity of 20.56%. The company has market cap of $17.30 billion.

Investors sentiment decreased to 0.88 in 2017 Q2. It improved, as 23 investors sold HXL shares while 95 reduced holdings. 81 funds opened positions while 133 raised stakes. 1,839,500 shares of the stock traded hands, compared to its average volume of 2,344,946.

Dividend Assets Capital LLC reduced its position in shares of Hormel Foods Corporation (NYSE:HRL) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. Burney Communication has invested 0.02% in Hormel Foods Corp (NYSE:HRL). Kanawha Limited Liability Corporation holds 0.03% or 6,014 shares. 62,549 are owned by Corecommodity Ltd Liability. State Street Corp increased its position in Hormel Foods Corporation by 0.4% during the second quarter. 400 were reported by Whittier Trust Co. Markel holds 0.01% of its portfolio in Hormel Foods Corp (NYSE:HRL) for 7,000 shares. The value of the total investment in Hormel Foods Corp went from $16,198,000 to $17,954,000 a change of 10.8% quarter over quarter. Hormel Foods Corp.'s dividend payout ratio (DPR) is now 41.46%.

Investors sentiment decreased to 0.64 in Q2 2017. Its up 0.22, from 1.09 in 2017Q1. It turned negative, as 63 investors sold CPN shares while 94 reduced holdings. 38 funds opened positions while 102 raised stakes. 195.22 million shares or 2.48% more from 190.49 million shares in 2017Q1 were reported. Bnp Paribas Asset Management Holding reported 0.01% of its portfolio in Calpine Corporation (NYSE:CPN). Meiji Yasuda Asset Mgmt owns 25,078 shares. Philadelphia Tru holds 316,139 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems stated it has 683,066 shares.

Scout Invs accumulated 568,471 shares. Moon Mngmt LP holds 0.56% of its portfolio in Tapestry Inc (NYSE:TPR) for 45,643 shares. Coastline Tru holds 0.39% or 62,345 shares. Deutsche Comml Bank Ag, Germany-based fund reported 3.96 million shares. Following the completion of the transaction, the insider now owns 26,838 shares of the company's stock, valued at $838,150.74. Moreover, Broad Run Invest Management Limited Liability Corp has 5.51% invested in Hexcel Corporation (NYSE:HXL).

Scopus Asset Management Lp decreased Fastenal Co (Call) (NASDAQ:FAST) stake by 25,900 shares to 200,000 valued at $8.71M in 2017Q2. It also reduced Boise Cascade Co Del (NYSE:BCC) stake by 13,374 shares and now owns 2.05 million shares. Envestnet Asset Mgmt Inc stated it has 0.01% of its portfolio in Hexcel Corporation (NYSE:HXL). One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Hexcel had 35 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Monday, October 30 by Jefferies. The consensus rating is 2.1, suggesting the market has given up on the stock. On Wednesday, August 24 the stock rating was upgraded by Edward Jones to "Buy". The rating was downgraded by RBC Capital Markets to "Sector Perform" on Monday, August 21. The firm has "Neutral" rating by Citigroup given on Wednesday, October 7.

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