National Pension Service Boosted Hormel Foods (HRL) Position; Last Week Barrick Gold (USA) (ABX) Coverage

June 19, 2017 - By Ellis Scott

National Pension Service increased Hormel Foods Corp (HRL) stake by 6.94% reported in 2016Q4 SEC filing. National Pension Service acquired 16,071 shares as Hormel Foods Corp (HRL)’s stock declined 6.52%. The National Pension Service holds 247,550 shares with $8.62 million value, up from 231,479 last quarter. Hormel Foods Corp now has $17.61B valuation. The stock decreased 1.88% or $0.65 during the last trading session, reaching $33.95. About 60 shares traded. Hormel Foods Corp (NYSE:HRL) has declined 1.53% since June 19, 2016 and is downtrending. It has underperformed by 18.23% the S&P500.

Among 23 analysts covering Barrick Gold Corp. (NYSE:ABX), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 48% are positive. Barrick Gold Corp. had 57 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has “Hold” rating given on Tuesday, May 3 by Canaccord Genuity. Macquarie Research upgraded the stock to “Neutral” rating in Wednesday, August 19 report. On Tuesday, March 15 the stock rating was maintained by JP Morgan with “Neutral”. On Wednesday, March 23 the stock rating was downgraded by Deutsche Bank to “Hold”. RBC Capital Markets upgraded the shares of ABX in report on Thursday, March 16 to “Outperform” rating. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has “Buy” rating given on Thursday, August 13 by Deutsche Bank. The stock of Barrick Gold Corp (USA) (NYSE:ABX) has “Buy” rating given on Wednesday, October 5 by Goldman Sachs. The stock of Barrick Gold Corp (USA) (NYSE:ABX) earned “Sell” rating by Berenberg on Wednesday, September 7. Mackie upgraded the shares of ABX in report on Monday, October 31 to “Hold” rating. The firm earned “Hold” rating on Friday, July 29 by Deutsche Bank. See Barrick Gold Corp (USA) (NYSE:ABX) latest ratings:

15/06/2017 Broker: Raymond James Old Rating: Market Perform New Rating: Market Perform New Target: $19 Maintain
01/06/2017 Broker: Barclays Capital Rating: Hold New Target: $20.0000
25/05/2017 Broker: TD Securities Rating: Hold Maintain
26/05/2017 Broker: Berenberg Rating: Sell New Target: $15.2000 Maintain
25/05/2017 Broker: RBC Capital Markets Rating: Buy New Target: $23.00 Maintain
26/04/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $22.50 Target
26/04/2017 Broker: TD Securities Rating: Hold New Target: $20.00 Target
07/04/2017 Broker: Jefferies Rating: Buy New Target: $21.00 Maintain
03/04/2017 Broker: BMO Capital Markets Rating: Buy Maintain
16/03/2017 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Old Target: $19.00 New Target: $23.00 Upgrade

National Pension Service decreased Dte Energy Co (NYSE:DTE) stake by 3,718 shares to 141,751 valued at $13.96 million in 2016Q4. It also reduced Smucker J M Co (NYSE:SJM) stake by 4,379 shares and now owns 94,521 shares. Dr Pepper Snapple Group Inc (NYSE:DPS) was reduced too.

Since December 27, 2016, it had 0 insider purchases, and 9 sales for $3.75 million activity. 3,000 Hormel Foods Corp (NYSE:HRL) shares with value of $102,518 were sold by PIPPINS DAKOTA A. The insider DAY THOMAS R sold 11,650 shares worth $399,066. $45,258 worth of Hormel Foods Corp (NYSE:HRL) was sold by Marconi Luis G on Wednesday, June 14. Kremin Donald H sold $965,451 worth of Hormel Foods Corp (NYSE:HRL) on Thursday, March 30. SPLINTER JAMES M sold $1.23M worth of stock or 35,785 shares. $258,750 worth of Hormel Foods Corp (NYSE:HRL) shares were sold by Murano Elsa A. The insider NAKASONE ROBERT sold 18,502 shares worth $666,716.

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.17, from 1.11 in 2016Q3. It dived, as 52 investors sold HRL shares while 174 reduced holdings. 62 funds opened positions while 151 raised stakes. 171.58 million shares or 0.31% more from 171.05 million shares in 2016Q3 were reported. Luminus Mgmt Limited Liability Corporation accumulated 0.02% or 29,000 shares. Cleararc Cap Inc invested in 6,576 shares or 0.04% of the stock. Los Angeles Cap And Equity Research reported 0.01% stake. Gotham Asset Mngmt Ltd Liability Company has invested 0.38% in Hormel Foods Corp (NYSE:HRL). Savings Bank Of Ny Mellon Corporation holds 3.38M shares. Wells Fargo & Mn reported 1.56 million shares stake. Ardevora Asset Management Llp reported 806,800 shares. State Of Wisconsin Board reported 0.08% stake. Caisse De Depot Et Placement Du Quebec invested 0.01% of its portfolio in Hormel Foods Corp (NYSE:HRL). Glob Endowment Limited Partnership invested 0.07% in Hormel Foods Corp (NYSE:HRL). Signature Financial Management accumulated 1.37% or 104,802 shares. Pub Employees Retirement Association Of Colorado has invested 0.02% in Hormel Foods Corp (NYSE:HRL). The Minnesota-based Accredited Invsts has invested 0.11% in Hormel Foods Corp (NYSE:HRL). 81,632 were accumulated by Schroder Mgmt Gru. Sigma Planning Corp reported 6,727 shares.

Among 14 analysts covering Hormel Foods Corporation (NYSE:HRL), 6 have Buy rating, 2 Sell and 6 Hold. Therefore 43% are positive. Hormel Foods Corporation had 29 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Friday, March 31. The stock of Hormel Foods Corp (NYSE:HRL) earned “Outperform” rating by BMO Capital Markets on Wednesday, November 23. BB&T Capital downgraded the shares of HRL in report on Tuesday, April 5 to “Underweight” rating. The stock has “Overweight” rating by Stephens on Wednesday, November 25. BB&T Capital initiated Hormel Foods Corp (NYSE:HRL) on Wednesday, September 9 with “Hold” rating. The stock has “Buy” rating by Jefferies on Wednesday, December 16. The rating was initiated by Piper Jaffray on Monday, January 9 with “Overweight”. Stephens downgraded the shares of HRL in report on Thursday, September 17 to “Equal Weight” rating. Credit Suisse maintained the shares of HRL in report on Wednesday, November 25 with “Neutral” rating. The firm has “Overweight” rating given on Friday, June 16 by Stephens.

Barrick Gold Corporation is a gold mining company. The company has market cap of $18.33 billion. The Firm is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It has a 12.91 P/E ratio. The Company’s divisions include Goldstrike, Cortez, Pueblo Viejo, Lagunas Norte, Veladero, Turquoise Ridge, Acacia Mining plc (Acacia), Pascua-Lama and Other Mines.

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