Somewhat Positive News Coverage Somewhat Unlikely to Affect Hormel Foods (HRL) Stock Price

Headlines about Hormel Foods (NYSE:HRL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hormel Foods earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.1284107425782 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern’s analysis:

HRL has been the topic of a number of recent research reports. Zacks Investment Research cut Hormel Foods from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Buckingham Research cut their target price on Hormel Foods from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, May 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $42.00 target price on shares of Hormel Foods in a report on Thursday, May 31st. Stephens cut Hormel Foods from an “overweight” rating to an “equal weight” rating in a report on Tuesday, July 17th. They noted that the move was a valuation call. Finally, Mizuho cut Hormel Foods from a “neutral” rating to an “underperform” rating and set a $33.00 target price on the stock. in a report on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Hormel Foods has a consensus rating of “Hold” and a consensus target price of $36.10.

NYSE HRL opened at $38.64 on Friday. The firm has a market capitalization of $19.68 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.25 and a beta of 0.33. Hormel Foods has a 12 month low of $29.75 and a 12 month high of $38.65. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 0.12.

Hormel Foods (NYSE:HRL) last released its quarterly earnings results on Thursday, May 24th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Hormel Foods had a net margin of 10.05% and a return on equity of 17.44%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. equities analysts expect that Hormel Foods will post 1.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Monday, July 16th were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Friday, July 13th. Hormel Foods’s payout ratio is currently 47.77%.

In related news, Director Robert Nakasone sold 6,000 shares of the stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $37.50, for a total value of $225,000.00. Following the completion of the sale, the director now directly owns 116,973 shares of the company’s stock, valued at approximately $4,386,487.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas R. Day sold 43,023 shares of the stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $37.02, for a total value of $1,592,711.46. Following the completion of the sale, the insider now directly owns 59,453 shares of the company’s stock, valued at $2,200,950.06. The disclosure for this sale can be found here. Insiders sold a total of 85,023 shares of company stock valued at $3,152,731 over the last three months. 1.48% of the stock is currently owned by insiders.

About Hormel Foods

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products, such as canned luncheon meats, peanut butter, chilies, shelf-stable microwaveable meals, hash, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.

Further Reading: Understanding Stock Ratings

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

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