Hormel Foods (NYSE:HRL) Receiving Somewhat Favorable Media Coverage, Report Shows

News articles about Hormel Foods (NYSE:HRL) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog 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 earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.831559403079 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

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

Hormel Foods (HRL) opened at $34.55 on Friday. The company has a market cap of $18,297.16, a PE ratio of 21.87, a P/E/G ratio of 2.22 and a beta of 0.65. Hormel Foods has a fifty-two week low of $29.75 and a fifty-two week high of $38.00. The company has a current ratio of 1.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.41 billion. Hormel Foods had a net margin of 9.24% and a return on equity of 17.87%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. equities analysts predict that Hormel Foods will post 1.67 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 16th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.17%. This is an increase from Hormel Foods’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, January 12th. Hormel Foods’s dividend payout ratio is presently 47.47%.

A number of analysts have issued reports on the stock. Credit Suisse Group set a $33.00 price target on shares of Hormel Foods and gave the company a “hold” rating in a report on Friday, November 24th. Zacks Investment Research upgraded shares of Hormel Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group set a $34.00 price target on shares of Hormel Foods and gave the company a “hold” rating in a report on Sunday, October 29th. Barclays set a $40.00 target price on shares of Hormel Foods and gave the stock an “overweight” rating in a report on Friday, December 1st. Finally, Mizuho set a $34.00 target price on shares of Hormel Foods and gave the stock a “hold” rating in a report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $35.70.

In other Hormel Foods news, Chairman James P. Snee sold 7,616 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $34.16, for a total value of $260,162.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven G. Binder sold 50,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $34.18, for a total transaction of $1,709,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 131,001 shares of company stock worth $4,612,826 over the last quarter. 3.54% of the stock is currently owned by insiders.

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