Media coverage about Hormel Foods (NYSE:HRL) has trended somewhat positive on Sunday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hormel Foods earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.9452177727299 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 news articles that may have effected Accern Sentiment Analysis’s analysis:
- Pork, fruit producers brace for second wave of Chinese tariffs (thegazette.com)
- Justin’s Gets Nutty For More Innovation: New Cashew & Almond Butter Cups (finance.yahoo.com)
- Comparing Hormel Foods (HRL) & Jefferies Financial Group (JEF) (americanbankingnews.com)
- Zacks: Analysts Expect Hormel Foods Corp (HRL) Will Announce Quarterly Sales of $2.41 Billion (americanbankingnews.com)
- $0.39 EPS Expected for Hormel Foods Corp (HRL) This Quarter (americanbankingnews.com)
Shares of Hormel Foods opened at $36.27 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 1.61. The stock has a market capitalization of $18.92 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 2.16 and a beta of 0.44. Hormel Foods has a one year low of $29.75 and a one year high of $38.00.
Hormel Foods (NYSE:HRL) last issued its earnings results on Thursday, May 24th. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion. Hormel Foods had a return on equity of 17.44% and a net margin of 10.05%. Hormel Foods’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. equities analysts forecast that Hormel Foods will post 1.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Shareholders of record on Monday, July 16th will be paid a $0.1875 dividend. The ex-dividend date is Friday, July 13th. This represents a $0.75 dividend on an annualized basis and a yield of 2.07%. Hormel Foods’s dividend payout ratio is currently 47.77%.
A number of research firms recently weighed in on HRL. Jefferies Financial Group reissued a “buy” rating and issued a $42.00 price objective on shares of Hormel Foods in a research report on Thursday, May 31st. Zacks Investment Research raised shares of Hormel Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 22nd. Buckingham Research reduced their price objective on shares of Hormel Foods from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, May 25th. Credit Suisse Group reduced their price objective on shares of Hormel Foods from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $39.00 price objective on shares of Hormel Foods in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.00.
In other Hormel Foods news, insider Larry L. Vorpahl sold 180,000 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $34.21, for a total value of $6,157,800.00. Following the transaction, the insider now directly owns 282,956 shares in the company, valued at approximately $9,679,924.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven G. Binder sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 31st. The stock was sold at an average price of $37.13, for a total transaction of $742,600.00. Following the completion of the transaction, the executive vice president now owns 31,964 shares in the company, valued at $1,186,823.32. The disclosure for this sale can be found here. Insiders sold a total of 325,507 shares of company stock worth $11,419,498 over the last 90 days. Insiders own 3.54% of the company’s stock.
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.
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