First Mercantile Trust Co Has Decreased By $477,900 Its Entergy (ETR) Stake; Hormel Foods (HRL) Sentiment Is 1.09

April 22, 2018 - By Nellie Frank

Hormel Foods Corporation (NYSE:HRL) Logo

First Mercantile Trust Co decreased Entergy Corp (ETR) stake by 62.11% reported in 2017Q4 SEC filing. First Mercantile Trust Co sold 5,900 shares as Entergy Corp (ETR)’s stock declined 1.27%. The First Mercantile Trust Co holds 3,600 shares with $293,000 value, down from 9,500 last quarter. Entergy Corp now has $14.33 billion valuation. The stock decreased 1.30% or $1.04 during the last trading session, reaching $78.98. About 1.42M shares traded or 2.18% up from the average. Entergy Corporation (NYSE:ETR) has risen 3.67% since April 22, 2017 and is uptrending. It has underperformed by 7.88% the S&P500.

Hormel Foods Corp (HRL) investors sentiment increased to 1.09 in 2017 Q4. It’s up 0.17, from 0.92 in 2017Q3. The ratio increased, as 212 funds opened new or increased positions, while 195 reduced and sold stakes in Hormel Foods Corp. The funds in our database now hold: 195.04 million shares, up from 191.01 million shares in 2017Q3. Also, the number of funds holding Hormel Foods Corp in top ten positions was flat from 6 to 6 for the same number . Sold All: 38 Reduced: 157 Increased: 147 New Position: 65.

First Mercantile Trust Co increased Intercontinental Exchange In (NYSE:ICE) stake by 15,369 shares to 44,760 valued at $3.16 million in 2017Q4. It also upped Illumina Inc (NASDAQ:ILMN) stake by 2,145 shares and now owns 4,377 shares. Tri Pointe Group Inc (NYSE:TPH) was raised too.

Among 16 analysts covering Entergy Corporation (NYSE:ETR), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Entergy Corporation had 65 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Friday, September 18. The company was maintained on Wednesday, October 25 by Wells Fargo. The firm has “Equal-Weight” rating given on Wednesday, December 13 by Morgan Stanley. As per Tuesday, August 18, the company rating was initiated by Mizuho. The stock of Entergy Corporation (NYSE:ETR) has “Sell” rating given on Tuesday, July 28 by Goldman Sachs. On Friday, April 1 the stock rating was upgraded by Goldman Sachs to “Buy”. Bank of America upgraded the stock to “Buy” rating in Tuesday, December 12 report. Guggenheim maintained the stock with “Buy” rating in Tuesday, January 2 report. The firm has “Equal-Weight” rating given on Monday, November 13 by Morgan Stanley. The firm has “Neutral” rating given on Monday, March 14 by JP Morgan.

Since October 24, 2017, it had 0 insider purchases, and 2 insider sales for $855,096 activity. HINNENKAMP PAUL D sold $215,000 worth of stock or 2,500 shares. 10,396 shares were sold by Mount Alyson M, worth $816,086 on Monday, March 5. FISACKERLY HALEY also sold $39,010 worth of Entergy Corporation (NYSE:ETR) on Monday, March 5.

Investors sentiment increased to 1.14 in 2017 Q4. Its up 0.06, from 1.08 in 2017Q3. It is positive, as 43 investors sold ETR shares while 153 reduced holdings. 62 funds opened positions while 162 raised stakes. 144.68 million shares or 0.92% less from 146.03 million shares in 2017Q3 were reported. Dupont has 0.15% invested in Entergy Corporation (NYSE:ETR) for 83,128 shares. Rampart Investment Mngmt Com Ltd Liability Corp holds 2,183 shares or 0.07% of its portfolio. Tdam Usa owns 31,431 shares. Ftb Advsr stated it has 430 shares. Cibc World Mkts Corporation has 36,415 shares. Qci Asset New York holds 0% of its portfolio in Entergy Corporation (NYSE:ETR) for 12 shares. Moreover, Cibc Commercial Bank Usa has 0.04% invested in Entergy Corporation (NYSE:ETR). Canandaigua Fincl Bank And Trust Co invested in 0.08% or 5,195 shares. Wesbanco National Bank reported 13,043 shares stake. Crow Point Partners Lc accumulated 101,000 shares or 1.29% of the stock. Texas Permanent School Fund holds 49,209 shares. Parallax Volatility Advisers Lp accumulated 0% or 4,282 shares. Toth Fincl Advisory accumulated 646 shares or 0.01% of the stock. Toronto Dominion Retail Bank invested in 77,829 shares. Kentucky Retirement Sys holds 0.06% or 11,116 shares in its portfolio.

Analysts await Entergy Corporation (NYSE:ETR) to report earnings on April, 25 before the open. They expect $1.27 EPS, up 28.28% or $0.28 from last year’s $0.99 per share. ETR’s profit will be $230.49M for 15.55 P/E if the $1.27 EPS becomes a reality. After $0.76 actual EPS reported by Entergy Corporation for the previous quarter, Wall Street now forecasts 67.11% EPS growth.

Raub Brock Capital Management Lp holds 3.94% of its portfolio in Hormel Foods Corporation for 437,573 shares. Rk Asset Management Llc owns 121,327 shares or 3.73% of their US portfolio. Moreover, Mark Sheptoff Financial Planning Llc has 3.33% invested in the company for 140,842 shares. The Illinois-based Fairpointe Capital Llc has invested 3.22% in the stock. Mairs & Power Inc, a Minnesota-based fund reported 6.91 million shares.

Ratings analysis reveals 75% of Hormel Foods’s analysts are positive. Out of 4 Wall Street analysts rating Hormel Foods, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. HRL was included in 4 notes of analysts from August 22, 2016. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Friday, December 2. The firm earned “Buy” rating on Wednesday, August 24 by Edward Jones. On Monday, August 22 the stock rating was upgraded by Credit Suisse to “Outperform”. The rating was initiated by Piper Jaffray with “Overweight” on Monday, January 9.

Since January 1, 0001, it had 0 insider buys, and 10 selling transactions for $10.12 million activity.

Hormel Foods Corporation produces and markets various meat and food products worldwide. The company has market cap of $18.77 billion. The firm operates in five divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It has a 20.96 P/E ratio. It provides various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products comprising canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other products.

Analysts await Hormel Foods Corporation (NYSE:HRL) to report earnings on May, 24. They expect $0.44 earnings per share, up 12.82% or $0.05 from last year’s $0.39 per share. HRL’s profit will be $233.00M for 20.14 P/E if the $0.44 EPS becomes a reality. After $0.44 actual earnings per share reported by Hormel Foods Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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