Hormel Foods (HRL) Receives Daily Media Sentiment Rating of 0.16

Media coverage about Hormel Foods (NYSE:HRL) has trended somewhat positive on Monday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hormel Foods earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.5882322632499 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

HRL has been the subject of several research analyst reports. Zacks Investment Research raised Hormel Foods from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Thursday, November 23rd. BMO Capital Markets reaffirmed a “buy” rating and set a $38.00 target price on shares of Hormel Foods in a research note on Monday, November 6th. Jefferies Group set a $34.00 target price on Hormel Foods and gave the stock a “hold” rating in a research note on Thursday, November 30th. Mizuho set a $34.00 price objective on Hormel Foods and gave the company a “hold” rating in a research note on Saturday, November 25th. Finally, Credit Suisse Group set a $33.00 price objective on Hormel Foods and gave the company a “hold” rating in a research note on Friday, November 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $35.70.

Hormel Foods (HRL) traded up $0.21 during midday trading on Monday, reaching $34.55. The company had a trading volume of 3,186,516 shares, compared to its average volume of 2,330,000. Hormel Foods has a 1 year low of $29.75 and a 1 year 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. The firm has a market cap of $18,300.00, a P/E ratio of 22.01, a P/E/G ratio of 2.22 and a beta of 0.65.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data 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 had a return on equity of 17.87% and a net margin of 9.24%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. research analysts predict that Hormel Foods will post 1.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 16th will be paid a $0.1875 dividend. This is an increase from Hormel Foods’s previous quarterly dividend of $0.17. This represents a $0.75 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, January 12th. Hormel Foods’s dividend payout ratio is currently 47.77%.

In other Hormel Foods news, Chairman James P. Snee sold 7,616 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $34.16, for a total value of $260,162.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gary Jamison sold 4,169 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $36.48, for a total value of $152,085.12. Following the completion of the sale, the vice president now directly owns 12,615 shares of the company’s stock, valued at $460,195.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,001 shares of company stock valued at $4,612,826. 1.48% of the stock is owned by corporate insiders.

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Hormel Foods Company Profile

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

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