Hormel Foods Corporation (HRL) held by 73 SEC 13F Filers

Hormel Foods Corporation (NYSE:HRL) recovered 18.99% of its value since hitting low of $29.75. The recent move of -0.39% drop pushed the stock to close at $35.4 when trading ended on 04/19/2018. At recent session, the prices were hovering between $35.13 and $35.65. This company shares are -1.78% up from its target price of $34.77 and the current market capitalization stands at $18.77B. The recent change has given its price a 4.98% lead over SMA 50 and -6.84% deficit over its 52-week high. The stock witnessed 5.48% gains, 3.36% gains and 12.35% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HRL’s volatility during a week at 1.26% and during a month it has been found around 2.27%.

Hormel Foods Corporation (HRL) Top Holders

Institutional investors currently hold around $7.44 billion or 41.5% in HRL stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.13 billion in Hormel Foods Corporation, which represents roughly 6% of the company’s market cap and approximately 15.13% of the institutional ownership. Similar statistics are true for the second largest owner, State Street Corp, which owns 30,586,055 shares of the stock are valued at $1.09 billion. The third largest holder is Blackrock Inc., which currently holds $722.43 million worth of this stock and that ownership represents nearly 3.85% of its market capitalization.

Hormel Foods Corporation 13F Filings

At the end of 12/31/2017 reporting period, 281 institutional holders increased their position in Hormel Foods Corporation (NYSE:HRL) by some 15,593,349 shares, 232 decreased positions by 11,669,708 and 73 held positions by 182,159,206. That puts total institutional holdings at 209,422,263 shares, according to SEC filings. The stock grabbed 80 new institutional investments totaling 3,230,613 shares while 46 institutional investors sold out their entire positions totaling 2,947,308 shares.

Hormel Foods Corporation (NYSE:HRL) Insider Trades

Multiple company employees have indulged in significant insider trading. Hormel Foods Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Senior Vice President Coffey Mark A has sold 8,000 shares of Hormel Foods Corporation (HRL) in trading session dated Apr. 13, 2018. These shares are worth $279,760 and were traded at $34.97 each. The SEC filing shows that Pippins Dakota A performed a sale of 4,000 shares. The Director disposed these shares by way of transaction on Apr. 12, 2018. The company’s shares were given away at $35.04 per share worth to an income of some $140,160 on account of Pippins Dakota A.

Director, Murano Elsa A, sold 5,992 common shares of Hormel Foods Corporation (HRL) in the open market. In a transaction dated Apr. 11, 2018, the shares were put up for sale at an average price of $35.5, raking in a sum of $212,716. After this sale, 82,565 common shares of HRL are directly owned by the insider, with total stake valued at $2,922,801.

In the transaction dated Apr. 10, 2018, the great number of shares disposed came courtesy the Group Vice President; Splinter James M disposed a total of 48,000 shares at an average price of $35.39, amounting to approximately $1,698,720. The insider now directly owns 116,210 shares worth $4,113,834.

Hormel Foods Corporation (HRL) Analyst Guide

Several analysts have released their opinion on Hormel Foods Corporation (NYSE:HRL), with 6 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2 average brokerage recommendation.

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