Hormel Foods Corporation (HRL) Receives Daily Coverage Optimism Rating of 0.08

Headlines about Hormel Foods Corporation (NYSE:HRL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hormel Foods Corporation earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.2912173395665 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have effected Accern’s rankings:

Several research firms have recently commented on HRL. BidaskClub raised Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered Hormel Foods Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Credit Suisse Group lowered Hormel Foods Corporation from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $39.00 to $33.00 in a research report on Friday, August 25th. Buckingham Research reduced their price target on Hormel Foods Corporation from $37.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, August 25th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $38.00 price target (down from $45.00) on shares of Hormel Foods Corporation in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.44.

Shares of Hormel Foods Corporation (NYSE HRL) traded up $0.19 during mid-day trading on Monday, reaching $33.12. The company had a trading volume of 1,987,300 shares, compared to its average volume of 2,350,466. Hormel Foods Corporation has a 1 year low of $29.75 and a 1 year high of $37.97. The company has a current ratio of 2.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.05. The stock has a market cap of $17,481.67, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 2.17 and a beta of 0.58.

Hormel Foods Corporation (NYSE:HRL) last announced its earnings results on Thursday, August 24th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). Hormel Foods Corporation had a return on equity of 18.90% and a net margin of 9.38%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. sell-side analysts predict that Hormel Foods Corporation will post 1.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Monday, October 23rd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $0.68 annualized dividend and a yield of 2.05%. Hormel Foods Corporation’s dividend payout ratio (DPR) is 41.98%.

In related news, Director Dakota A. Pippins sold 4,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $31.60, for a total transaction of $126,400.00. Following the transaction, the director now directly owns 92,377 shares in the company, valued at approximately $2,919,113.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP James N. Sheehan sold 35,704 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $30.87, for a total value of $1,102,182.48. Following the transaction, the vice president now owns 60,000 shares in the company, valued at $1,852,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 194,518 shares of company stock worth $6,132,366. 3.54% of the stock is owned by company insiders.

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Hormel Foods Corporation Company Profile

Insider Buying and Selling by Quarter for Hormel Foods Corporation (NYSE:HRL)

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