Hormel Foods (HRL) Position Held by Us Bancorp De; Community Bk Sys (CBU) Shareholder Community Bank Has Lifted Holding

February 18, 2018 - By Migdalia James

Community Bank increased its stake in Community Bk Sys Inc (CBU) by 24.99% based on its latest 2017Q3 regulatory filing with the SEC. Community Bank bought 7,680 shares as the company’s stock declined 10.27% while stock markets rallied. The institutional investor held 38,408 shares of the finance company at the end of 2017Q3, valued at $2.12 million, up from 30,728 at the end of the previous reported quarter. Community Bank who had been investing in Community Bk Sys Inc for a number of months, seems to be bullish on the $2.77 billion market cap company. The stock increased 0.33% or $0.18 during the last trading session, reaching $54.7. About 197,467 shares traded. Community Bank System, Inc. (NYSE:CBU) has risen 36.75% since February 18, 2017 and is uptrending. It has outperformed by 20.05% the S&P500.

Us Bancorp De increased its stake in Hormel Foods Corp (HRL) by 17.91% based on its latest 2017Q3 regulatory filing with the SEC. Us Bancorp De bought 233,363 shares as the company’s stock declined 6.52% while stock markets rallied. The institutional investor held 1.54 million shares of the meat and poultry and fish company at the end of 2017Q3, valued at $49.37 million, up from 1.30 million at the end of the previous reported quarter. Us Bancorp De who had been investing in Hormel Foods Corp for a number of months, seems to be bullish on the $18.20B market cap company. The stock increased 0.79% or $0.27 during the last trading session, reaching $34.35. About 2.99M shares traded or 12.11% up from the average. Hormel Foods Corporation (NYSE:HRL) has declined 1.53% since February 18, 2017 and is downtrending. It has underperformed by 18.23% the S&P500.

Investors sentiment decreased to 1.55 in 2017 Q3. Its down 0.76, from 2.31 in 2017Q2. It fall, as 8 investors sold CBU shares while 45 reduced holdings. 23 funds opened positions while 59 raised stakes. 34.83 million shares or 0.41% more from 34.69 million shares in 2017Q2 were reported. Louisiana State Employees Retirement owns 20,500 shares or 0.05% of their US portfolio. Riverhead Mngmt owns 0.01% invested in Community Bank System, Inc. (NYSE:CBU) for 3,387 shares. Prudential Fincl Inc invested 0.01% in Community Bank System, Inc. (NYSE:CBU). Qci Asset reported 2,338 shares. Barclays Pcl owns 3,653 shares. 153,063 were reported by Manufacturers Life Insurance The. Fmr Limited Liability Company accumulated 893,178 shares. Citigroup holds 18,876 shares. Victory Mngmt accumulated 4,167 shares. Two Sigma Securities Limited Com stated it has 0.03% in Community Bank System, Inc. (NYSE:CBU). Sei owns 145 shares or 0% of their US portfolio. Amalgamated Comml Bank accumulated 0.01% or 6,621 shares. Vanguard Gp invested 0.01% of its portfolio in Community Bank System, Inc. (NYSE:CBU). Gsa Capital Limited Liability Partnership reported 10,743 shares or 0.04% of all its holdings. Moreover, Credit Suisse Ag has 0% invested in Community Bank System, Inc. (NYSE:CBU) for 55,779 shares.

Community Bank, which manages about $907.12 million US Long portfolio, decreased its stake in Spdr S&P 500 Etf (SPY) by 1,645 shares to 28,540 shares, valued at $7.17 million in 2017Q3, according to the filing. It also reduced its holding in Honeywell Intl Inc (NYSE:HON) by 2,685 shares in the quarter, leaving it with 3,979 shares, and cut its stake in Ishares Edge Msci Min Vol Usa Etf (USMV).

Since September 18, 2017, it had 0 buys, and 5 sales for $1.20 million activity. ACE BRIAN R also sold $291,104 worth of Community Bank System, Inc. (NYSE:CBU) on Tuesday, September 26. $112,000 worth of Community Bank System, Inc. (NYSE:CBU) was sold by DICERBO NICHOLAS A on Tuesday, December 5. $266,200 worth of stock was sold by STICKELS ERIC on Friday, September 22.

Among 10 analysts covering Community Bank Systems (NYSE:CBU), 0 have Buy rating, 0 Sell and 10 Hold. Therefore 0 are positive. Community Bank Systems had 19 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, July 31 by RBC Capital Markets. Zacks downgraded Community Bank System, Inc. (NYSE:CBU) on Tuesday, September 22 to “Hold” rating. On Friday, January 22 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets maintained it with “Sector Perform” rating and $40 target in Tuesday, December 8 report. Keefe Bruyette & Woods maintained the shares of CBU in report on Friday, October 13 with “Hold” rating. The stock of Community Bank System, Inc. (NYSE:CBU) earned “Hold” rating by RBC Capital Markets on Thursday, September 7. The rating was maintained by Piper Jaffray with “Hold” on Monday, October 23. Sandler O’Neill downgraded the shares of CBU in report on Friday, July 22 to “Hold” rating. As per Tuesday, October 25, the company rating was maintained by Hovde Group. The firm has “Hold” rating given on Thursday, December 21 by Sandler O’Neill.

Us Bancorp De, which manages about $31.22 billion US Long portfolio, decreased its stake in Orbotech Ltd (NASDAQ:ORBK) by 22,473 shares to 178,705 shares, valued at $7.54 million in 2017Q3, according to the filing. It also reduced its holding in Usa Truck Inc (NASDAQ:USAK) by 24,077 shares in the quarter, leaving it with 47,335 shares, and cut its stake in Pinnacle Foods Inc (NYSE:PF).

Since August 30, 2017, it had 0 insider buys, and 8 sales for $6.49 million activity. Another trade for 15,000 shares valued at $468,453 was made by BINDER STEVEN G on Thursday, September 7. $99,337 worth of Hormel Foods Corporation (NYSE:HRL) was sold by Myers Kevin L on Wednesday, September 20. $126,400 worth of stock was sold by PIPPINS DAKOTA A on Friday, September 8. SHEEHAN JAMES N also sold $1.10M worth of Hormel Foods Corporation (NYSE:HRL) on Wednesday, August 30. MORRISON JOHN L sold 24,814 shares worth $789,445. 100,000 shares were sold by Kremin Donald H, worth $3.17 million on Monday, September 11.

Among 15 analysts covering Hormel Foods Corporation (NYSE:HRL), 6 have Buy rating, 3 Sell and 6 Hold. Therefore 40% are positive. Hormel Foods Corporation had 50 analyst reports since July 27, 2015 according to SRatingsIntel. Jefferies maintained Hormel Foods Corporation (NYSE:HRL) rating on Wednesday, July 27. Jefferies has “Hold” rating and $38 target. The firm earned “Underperform” rating on Thursday, February 18 by CLSA. The firm has “Buy” rating given on Friday, March 31 by BMO Capital Markets. Jefferies maintained Hormel Foods Corporation (NYSE:HRL) rating on Thursday, June 29. Jefferies has “Hold” rating and $3400 target. The rating was upgraded by Edward Jones on Friday, September 16 to “Buy”. The company was maintained on Wednesday, November 25 by Credit Suisse. The firm earned “Overweight” rating on Friday, December 1 by Barclays Capital. Buckingham Research maintained Hormel Foods Corporation (NYSE:HRL) rating on Friday, August 25. Buckingham Research has “Neutral” rating and $33 target. Jefferies maintained the shares of HRL in report on Thursday, November 30 with “Hold” rating. Jefferies initiated Hormel Foods Corporation (NYSE:HRL) on Wednesday, December 16 with “Buy” rating.

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