Media stories about Hormel Foods Corporation (NYSE:HRL) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hormel Foods Corporation earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.1351760701926 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
A number of research firms have recently weighed in on HRL. BidaskClub raised shares of Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Hormel Foods Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 21st. Barclays PLC lowered their target price on shares of Hormel Foods Corporation from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Friday, August 25th. BMO Capital Markets reissued an “outperform” rating and set a $38.00 target price (down from $45.00) on shares of Hormel Foods Corporation in a research report on Friday, August 25th. Finally, Buckingham Research lowered their target price on shares of Hormel Foods Corporation from $37.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.44.
Hormel Foods Corporation (NYSE HRL) traded up $0.38 during mid-day trading on Friday, reaching $32.33. 1,839,500 shares of the company’s stock were exchanged, compared to its average volume of 2,344,946. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.53 and a quick ratio of 1.37. Hormel Foods Corporation has a one year low of $29.75 and a one year high of $37.97. The company has a market capitalization of $16,864.11, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.09 and a beta of 0.58.
Hormel Foods Corporation (NYSE:HRL) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). Hormel Foods Corporation had a net margin of 9.38% and a return on equity of 18.90%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company earned $0.36 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. equities analysts forecast that Hormel Foods Corporation will post 1.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Friday, October 20th. Hormel Foods Corporation’s dividend payout ratio (DPR) is 41.98%.
In related news, Director John L. Morrison sold 24,814 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $31.81, for a total value of $789,333.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven G. Binder sold 15,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $31.23, for a total transaction of $468,450.00. Following the completion of the sale, the insider now owns 26,838 shares of the company’s stock, valued at approximately $838,150.74. The disclosure for this sale can be found here. Insiders have sold 194,518 shares of company stock valued at $6,132,366 over the last 90 days. Corporate insiders own 3.54% of the company’s stock.
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Hormel Foods Corporation Company Profile
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