Media headlines about Hormel Foods (NYSE:HRL) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. 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 media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.365568262251 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

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

Hormel Foods (HRL) remained flat at $$37.10 during trading on Wednesday. 2,451,599 shares of the stock were exchanged, compared to its average volume of 2,410,407. The stock has a market capitalization of $19,888.57, a P/E ratio of 23.85, a PEG ratio of 2.44 and a beta of 0.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.91. Hormel Foods has a 52 week low of $29.75 and a 52 week high of $38.00.

Hormel Foods (NYSE:HRL) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Hormel Foods had a net margin of 9.24% and a return on equity of 17.87%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. research analysts predict that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Tuesday, January 16th will be issued a $0.1875 dividend. This is a boost from Hormel Foods’s previous quarterly dividend of $0.17. This represents a $0.75 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, January 12th. Hormel Foods’s dividend payout ratio is currently 43.04%.

A number of brokerages have recently issued reports on HRL. BMO Capital Markets reaffirmed a “buy” rating and issued a $38.00 target price on shares of Hormel Foods in a report on Monday, November 6th. Mizuho reaffirmed a “hold” rating and issued a $33.00 target price on shares of Hormel Foods in a report on Wednesday, October 4th. Barclays dropped their target price on shares of Hormel Foods from $38.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, August 25th. Jefferies Group set a $34.00 target price on shares of Hormel Foods and gave the company a “hold” rating in a report on Thursday, November 30th. Finally, Zacks Investment Research raised shares of Hormel Foods from a “sell” rating to a “hold” rating in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Hormel Foods presently has an average rating of “Hold” and a consensus price target of $35.50.

In other Hormel Foods news, Chairman James P. Snee sold 7,616 shares of the 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 SEC, which is available through this link. Also, Director Robert Nakasone sold 3,184 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $37.50, for a total transaction of $119,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 282,116 shares of company stock worth $9,365,355. Insiders own 3.54% of the company’s stock.

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Hormel Foods Company Profile

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