Hormel Foods Corporation (HRL) traded with a cut of -0.68 points or -1.87% at $35.62 per share. As per the last available information, the stock aggregated $23.35 million in upticks and $14.09 million in downticks, keeping the net money flow capped at $9.25 million. The up/down ratio was found to be 1.66. For the week, the shares has seen a change of -1.38% in the share price.A block trade of $8.97 million in upticks and $0 million in downticks also took place during the day. The up/down ratio for the block stood at 0. The net money flow for this transaction was $8.97 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
Hormel Foods Corporation has dropped 2.46% in the last five trading days, however, the shares have posted positive gains of 2.83% in the last 4 weeks. Hormel Foods Corporation has dropped 7.03% during the last 3-month period . Year-to-Date the stock performance stands at 2.83%. Hormel Foods Corporation (NYSE:HRL) witnessed a decline in the market cap on Wednesday as its shares dropped 1.87% or 0.68 points. After the session commenced at $36.06, the stock reached the higher end at $36.2 while it hit a low of $35.37. With the volume soaring to 3,400,866 shares, the last trade was called at $35.62. The company has a 52-week high of $45.72. The company has a market cap of $18,836 million and there are 528,801,689 shares in outstanding. The 52-week low of the share price is $33.18.
Company has reported several Insider transactions to the SEC, on Jan 6, 2017, Robert Nakasone (director) sold 18,502 shares at 35.90 per share price.On Jan 4, 2017, James M Splinter (Group Vice President) sold 400 shares at 35.29 per share price.On Dec 28, 2016, Dakota A Pippins (director) sold 2,000 shares at 35.22 per share price.
Hormel Foods Corp Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.45 EPS for the quarter. Analyst had a consensus estimate of $0.45. The company had revenue of $2627.90 million for the quarter, compared to analysts expectations of $2622.84 million. The companys revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Hormel Foods Corp was Initiated by Piper Jaffray to Overweight on Jan 9, 2017. Hormel Foods Corp was Initiated by KeyBanc Capital Mkts to Sector Weight on Dec 2, 2016.
Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Products manufactured by the corporation include hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable microwaveable entrees, salsas and frozen processed foods. These selections are sold to retail, foodservice and wholesale operations under many well-established trademarks some include BLACK LABEL, CHI-CHIS, DINTY MOORE, & HORMEL.