Hormel Foods Corporation (HRL) Given Daily News Impact Rating of 0.17

Press coverage about Hormel Foods Corporation (NYSE:HRL) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hormel Foods Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.8399902067503 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

HRL has been the topic of several research analyst reports. Morgan Stanley initiated coverage on shares of Hormel Foods Corporation in a research note on Friday, November 3rd. They set an “underweight” rating and a $26.00 price objective on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $38.00 price objective on shares of Hormel Foods Corporation in a research note on Monday, November 6th. Zacks Investment Research raised shares of Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Mizuho reaffirmed a “hold” rating and set a $33.00 price objective on shares of Hormel Foods Corporation in a research note on Wednesday, October 4th. Finally, BidaskClub raised shares of Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.90.

Hormel Foods Corporation (HRL) traded up $0.14 on Friday, hitting $34.41. 1,035,377 shares of the stock traded hands, compared to its average volume of 2,372,004. Hormel Foods Corporation has a twelve month low of $29.75 and a twelve month high of $37.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.91 and a quick ratio of 1.37. The company has a market capitalization of $18,160.00, a PE ratio of 21.69, a P/E/G ratio of 2.22 and a beta of 0.59.

Hormel Foods Corporation (NYSE:HRL) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Hormel Foods Corporation had a net margin of 9.24% and a return on equity of 17.87%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. Hormel Foods Corporation’s revenue was down 5.1% compared to the same quarter last year. sell-side analysts anticipate that Hormel Foods Corporation will post 1.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Tuesday, January 16th will be paid a dividend of $0.1875 per share. This is a boost from Hormel Foods Corporation’s previous quarterly dividend of $0.17. This represents a $0.75 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, January 12th. Hormel Foods Corporation’s dividend payout ratio is 43.31%.

In related news, insider Steven G. Binder sold 15,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $31.23, for a total value of $468,450.00. Following the transaction, the insider now directly owns 26,838 shares in the company, valued at $838,150.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James N. Sheehan sold 35,704 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $30.87, for a total transaction of $1,102,182.48. Following the completion of 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. Insiders have sold 194,518 shares of company stock worth $6,132,366 over the last three months. 3.54% of the stock is owned by insiders.

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