Headlines about Hormel Foods Corporation (NYSE:HRL) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hormel Foods Corporation earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the company an impact score of 67 out of 100, meaning that recent media coverage is likely to have an effect on the company’s share price in the near term.

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

A number of equities research analysts have recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $50.00 target price on shares of Hormel Foods Corporation in a research note on Friday, June 16th. Barclays PLC assumed coverage on shares of Hormel Foods Corporation in a research note on Tuesday, June 6th. They set an “overweight” rating and a $38.00 target price on the stock. Zacks Investment Research lowered shares of Hormel Foods Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Jefferies Group LLC reaffirmed a “hold” rating and set a $34.00 target price on shares of Hormel Foods Corporation in a research note on Friday, June 30th. Finally, BidaskClub lowered shares of Hormel Foods Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $40.27.

Hormel Foods Corporation (NYSE HRL) traded up 0.37% during midday trading on Friday, reaching $32.83. 1,350,369 shares of the company traded hands. The stock has a market capitalization of $17.35 billion, a P/E ratio of 20.02 and a beta of 0.56. Hormel Foods Corporation has a one year low of $32.26 and a one year high of $40.00. The company has a 50 day moving average price of $34.33 and a 200-day moving average price of $35.04.

Hormel Foods Corporation (NYSE:HRL) last released its quarterly earnings results on Thursday, May 25th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. Hormel Foods Corporation had a net margin of 9.42% and a return on equity of 19.57%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the business posted $0.40 EPS. Hormel Foods Corporation’s revenue was down 4.9% compared to the same quarter last year. Analysts forecast that Hormel Foods Corporation will post $1.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 17th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.68 annualized dividend and a yield of 2.07%. Hormel Foods Corporation’s dividend payout ratio (DPR) is presently 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 shares were sold at an average price of $34.81, for a total value of $45,253.00. Following the sale, the insider now directly owns 22,532 shares in the company, valued at approximately $784,338.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas R. Day sold 11,139 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $33.43, for a total transaction of $372,376.77. Following the completion of the sale, the insider now owns 24,838 shares in the company, valued at $830,334.34. The disclosure for this sale can be found here. Insiders own 3.54% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Somewhat Favorable Press Coverage Likely to Affect Hormel Foods Corporation (NYSE:HRL) Stock Price” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/07/16/somewhat-favorable-press-coverage-likely-to-affect-hormel-foods-corporation-nysehrl-stock-price.html.

About Hormel Foods Corporation

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.