The Senior V.P. & CFO of Hormel Foods is Exercising Options


Today it was reported that the Senior V.P. & CFO of Hormel Foods (HRL), James Sheehan, exercised options to sell 60,000 HRL shares at $12.48 a share, for a total transaction value of $2.7M.

Following James Sheehan’s last HRL Sell transaction on February 24, 2016, the stock climbed by 3.7%. In addition to James Sheehan, 4 other HRL executives reported Sell trades in the last month.

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Based on Hormel Foods’ latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $2.52 billion and quarterly net profit of $261 million. In comparison, last year the company earned revenue of $2.49 billion and had a net profit of $218 million. HRL’s market cap is $24.13B and the company has a P/E ratio of 24.16. Currently, Hormel Foods has an average volume of 850.

Based on 8 analyst ratings, the analyst consensus is Hold with an average price target of $43.00, reflecting a -4.8% downside.

The insider sentiment on Hormel Foods has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Hormel Foods Corp. engages in the production of meat and food products. It operates business through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold in the retail market.

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