Jefferies Remains a Hold on Hormel Foods

By Ryan Adsit

Jefferies analyst Akshay Jagdale reiterated a Hold rating on Hormel Foods (NYSE: HRL) yesterday and set a price target of $34. The company’s shares closed yesterday at $33.96, close to its 52-week high of $40.

According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 4.8% and a 51.2% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.

Hormel Foods has an analyst consensus of Moderate Buy, with a price target consensus of $38.17.

The company has a one year high of $40 and a one year low of $32.90. Currently, Hormel Foods has an average volume of 2.23M.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, Thomas Day, the Group VP of HRL sold 11,650 shares for a total of $399,013.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.