Aberdeen Asset Management PLC UK lessened its holdings in Hormel Foods Corporation (NYSE:HRL) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 291,043 shares of the company’s stock after selling 9,186 shares during the quarter. Aberdeen Asset Management PLC UK owned approximately 0.06% of Hormel Foods Corporation worth $9,927,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HRL. Canada Pension Plan Investment Board increased its holdings in Hormel Foods Corporation by 230.1% in the first quarter. Canada Pension Plan Investment Board now owns 3,822 shares of the company’s stock valued at $132,000 after buying an additional 2,664 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in Hormel Foods Corporation by 20.1% in the first quarter. SRS Capital Advisors Inc. now owns 4,299 shares of the company’s stock valued at $148,000 after buying an additional 718 shares during the last quarter. Van ECK Associates Corp increased its holdings in Hormel Foods Corporation by 7.2% in the first quarter. Van ECK Associates Corp now owns 4,387 shares of the company’s stock valued at $152,000 after buying an additional 295 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Hormel Foods Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,766 shares of the company’s stock valued at $163,000 after buying an additional 19 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in Hormel Foods Corporation in the second quarter valued at $189,000. 38.91% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on HRL shares. Credit Suisse Group dropped their target price on Hormel Foods Corporation from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, May 26th. BidaskClub raised Hormel Foods Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and issued a $34.00 target price on shares of Hormel Foods Corporation in a report on Friday, June 30th. Zacks Investment Research raised Hormel Foods Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, Mizuho started coverage on Hormel Foods Corporation in a report on Wednesday, June 7th. They issued a “neutral” rating and a $35.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.36.

Hormel Foods Corporation (NYSE:HRL) opened at 31.77 on Wednesday. Hormel Foods Corporation has a 1-year low of $30.50 and a 1-year high of $38.84. The firm has a market cap of $16.78 billion, a P/E ratio of 19.61 and a beta of 0.58. The firm has a 50-day moving average of $33.03 and a 200 day moving average of $34.01.

Hormel Foods Corporation (NYSE:HRL) last released its earnings results on Thursday, August 24th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. Hormel Foods Corporation had a return on equity of 18.90% and a net margin of 9.38%. Hormel Foods Corporation’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 EPS. On average, analysts predict that Hormel Foods Corporation will post $1.56 EPS for the current year.

In other news, insider Thomas R. Day sold 11,139 shares of Hormel Foods Corporation stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $33.43, for a total value of $372,376.77. Following the completion of the transaction, the insider now directly owns 24,838 shares of the company’s stock, valued at approximately $830,334.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dakota A. Pippins sold 4,000 shares of Hormel Foods Corporation stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $31.60, for a total transaction of $126,400.00. Following the completion of the transaction, the director now directly owns 92,377 shares of the company’s stock, valued at $2,919,113.20. The disclosure for this sale can be found here. Insiders sold a total of 165,843 shares of company stock valued at $5,235,409 in the last three months. Insiders own 3.54% of the company’s stock.

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Hormel Foods Corporation Profile

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Institutional Ownership by Quarter for Hormel Foods Corporation (NYSE:HRL)

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