News headlines about Hormel Foods Corporation (NYSE:HRL) have trended somewhat positive recently, Alpha One Sentiment reports. Alpha One, a service of Accern, rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hormel Foods Corporation earned a news impact score of 0.24 on Alpha One’s scale. Alpha One also assigned press coverage about the company an impact score of 59 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Alpha One Sentiment Analysis’s rankings:
- The Bridgewater Associates LP Invests $515000 in Hormel Foods Corporation (HRL) (healthcaremenu.net)
- Earnings Highlights and Review: Hormel Foods’ Quarterly Results Lagged behind Expectations (finance.yahoo.com)
- $0.37 Earnings Per Share Expected for Hormel Foods Corporation (HRL) This Quarter (americanbankingnews.com)
- Hormel Foods Corporation (HRL) Rating Reiterated by Stephens (americanbankingnews.com)
- Hormel Foods: A Beaten-Down Dividend King That’s Worth A Closer Look (seekingalpha.com)
A number of research firms have recently weighed in on HRL. Credit Suisse Group set a $41.00 target price on Hormel Foods Corporation and gave the company a “buy” rating in a research report on Saturday, February 25th. Barclays PLC began coverage on Hormel Foods Corporation in a research report on Tuesday, June 6th. They set an “overweight” rating and a $38.00 target price for the company. Stephens reiterated an “overweight” rating and set a $50.00 target price on shares of Hormel Foods Corporation in a research report on Friday. Mizuho began coverage on Hormel Foods Corporation in a research report on Wednesday, June 7th. They set a “neutral” rating and a $35.00 target price for the company. Finally, Zacks Investment Research downgraded Hormel Foods Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.27.
Shares of Hormel Foods Corporation (HRL) traded down 1.88% during mid-day trading on Friday, hitting $33.95. The company had a trading volume of 4,102,211 shares. The company’s 50-day moving average is $34.44 and its 200 day moving average is $35.03. The company has a market capitalization of $17.94 billion, a PE ratio of 20.70 and a beta of 0.55. Hormel Foods Corporation has a one year low of $32.90 and a one year high of $40.00.
Hormel Foods Corporation (NYSE:HRL) last posted its earnings results on Thursday, May 25th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Hormel Foods Corporation had a return on equity of 19.57% and a net margin of 9.42%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Hormel Foods Corporation’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Hormel Foods Corporation will post $1.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 17th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, July 13th. Hormel Foods Corporation’s payout ratio is 41.46%.
In related news, insider Luis G. Marconi sold 1,300 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $34.81, for a total transaction of $45,253.00. Following the completion of the transaction, the insider now directly owns 22,532 shares in the company, valued at $784,338.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dakota A. Pippins sold 3,000 shares of the business’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $34.17, for a total value of $102,510.00. Following the transaction, the director now owns 96,166 shares of the company’s stock, valued at $3,285,992.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,087 shares of company stock valued at $3,000,806. 3.54% of the stock is owned by company insiders.
TRADEMARK VIOLATION NOTICE: “Hormel Foods Corporation (HRL) Receiving Somewhat Favorable Press Coverage, Study Finds” was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/06/16/hormel-foods-corp-hrl-receiving-somewhat-positive-press-coverage-report-finds-updated.html.
About Hormel Foods Corporation
Receive News & Ratings for Hormel Foods Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hormel Foods Corporation and related companies with MarketBeat.com's FREE daily email newsletter.