The SVP & GC of Hormel Foods is Exercising Options

Today it was reported that the SVP & GC of Hormel Foods (NYSE: HRL), Lori Marco, exercised options to sell 7,000 HRL shares at $14.80 a share, for a total transaction value of $290.5K.

Following Lori Marco’s last HRL Sell transaction on July 11, 2013, the stock climbed by 23.1%. In addition to Lori Marco, one other HRL executive reported Sell trades in the last month.

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Based on Hormel Foods’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $2.36 billion and quarterly net profit of $210 million. In comparison, last year the company earned revenue of $2.21 billion and had a net profit of $183 million. HRL’s market cap is $22.09B and the company has a P/E ratio of 23.11. Currently, Hormel Foods has an average volume of 685.1K.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $37.60, reflecting a -9.6% downside.

The insider sentiment on Hormel Foods has been negative according to 58 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, Specialty Foods, and International & Other.