Investors sold shares of Hormel Foods Corp. (NYSE:HRL) on strength during trading on Monday. $24.12 million flowed into the stock on the tick-up and $43.23 million flowed out of the stock on the tick-down, for a money net flow of $19.11 million out of the stock. Of all stocks tracked, Hormel Foods Corp. had the 0th highest net out-flow for the day. Hormel Foods Corp. traded up $0.85 for the day and closed at $39.51

Several analysts have recently commented on HRL shares. Jefferies Group increased their target price on shares of Hormel Foods Corp. from $34.00 to $38.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. BMO Capital Markets upgraded shares of Hormel Foods Corp. from a “market perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research report on Friday. Credit Suisse Group AG upgraded shares of Hormel Foods Corp. from a “neutral” rating to an “outperform” rating and increased their price target for the company from $38.00 to $43.00 in a research report on Monday. Deutsche Bank AG restated a “hold” rating and set a $38.00 price target on shares of Hormel Foods Corp. in a research report on Tuesday, August 16th. Finally, Zacks Investment Research lowered shares of Hormel Foods Corp. from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.05.

The firm has a 50-day moving average price of $36.77 and a 200 day moving average price of $38.84. The firm has a market capitalization of $20.93 billion and a PE ratio of 25.66.

Hormel Foods Corp. (NYSE:HRL) last posted its quarterly earnings results on Thursday, August 18th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the firm earned $0.28 EPS. Hormel Foods Corp.’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts expect that Hormel Foods Corp. will post $1.62 EPS for the current fiscal year.

In other news, Director Dakota A. Pippins sold 5,000 shares of Hormel Foods Corp. stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $36.74, for a total value of $183,700.00. Following the completion of the transaction, the director now owns 96,416 shares of the company’s stock, valued at approximately $3,542,323.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Several institutional investors recently bought and sold shares of the company. State of Tennessee Treasury Department raised its position in Hormel Foods Corp. by 305.1% in the fourth quarter. State of Tennessee Treasury Department now owns 83,046 shares of the company’s stock valued at $6,567,000 after buying an additional 62,546 shares in the last quarter. US Bancorp DE raised its position in Hormel Foods Corp. by 32.6% in the fourth quarter. US Bancorp DE now owns 343,844 shares of the company’s stock valued at $27,191,000 after buying an additional 84,467 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Hormel Foods Corp. by 2.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 64,206 shares of the company’s stock valued at $5,077,000 after buying an additional 1,569 shares in the last quarter. Stephens Inc. AR bought a new position in Hormel Foods Corp. during the fourth quarter valued at about $1,525,000. Finally, Advisors Asset Management Inc. raised its position in Hormel Foods Corp. by 168.4% in the fourth quarter. Advisors Asset Management Inc. now owns 30,797 shares of the company’s stock valued at $2,435,000 after buying an additional 19,322 shares in the last quarter.

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