Members of the United Food & Commercial Workers Union voted down a new labor contract with Hormel Foods Corp., sending the parties back to the negotiation table a second time.
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Buckingham Research started coverage on shares of Hormel Foods Corp (NYSE:HRL) in a research note published on Monday, The Fly reports. For the latest trading session, the net money flow was recorded at $0.73 million. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $7.5. Stephens cut shares of Hormel Foods Corp from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 17th. The company has a market cap of $17,442 million and there are 264,516,880 shares in outstanding. Earlier, the shares had a rating of Hold. During the same quarter a year ago, the company posted $0.51 earnings per share. Credit Suisse reaffirmed a “neutral” rating and set a $63.00 price target (up previously from $61.00) on shares of Hormel Foods Corp in a report on Thursday, August 20th. The 52-week low of the share price is $50.06.
Hormel Foods Corp (NYSE:HRL) last issued its quarterly earnings data on Wednesday, August 19th.
The company shares have rallied 25.58% in the past 52 Weeks. The stock has a 50-day moving average price of $63.08 and a 200 day moving average price of $59.05.
They announced Wednesday morning that its Board of Directors has elected James Snee to the position of President and Chief Operating Officer. The stock was sold at an average price of $60.40, for a total value of $225,654.40.
Historically, Hormel Foods Corporation has been trading with a 52 week low of 50.06 and a 52 week of high 68.69. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. The Company’s operates in five segments: grocery products, refrigerated foods, Jennie-O Turkey Store (JOTS), specialty foods, and all other.
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Larry L. Vorpahl, group vice president and president of consumer products sales, will assume the position of group vice president and president of Hormel Foods worldwide. Perishable meat contains refrigerated meal alternatives, fresh meats, sausages, hams, wieners, and bacon. JOTS merchandises were composed mainly of by the Poultry.
