Hormel Foods (HRL) Receiving Favorable News Coverage, Accern Reports

Media headlines about Hormel Foods (NYSE:HRL) have trended positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hormel Foods earned a news impact score of 0.26 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.9001827490057 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

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

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HRL has been the subject of several recent analyst reports. Mizuho set a $34.00 price objective on shares of Hormel Foods and gave the stock a “hold” rating in a report on Saturday, November 25th. Barclays set a $40.00 price objective on shares of Hormel Foods and gave the stock an “overweight” rating in a report on Friday, December 1st. Jefferies Group set a $34.00 price objective on shares of Hormel Foods and gave the stock a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research lowered shares of Hormel Foods from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Piper Jaffray Companies initiated coverage on shares of Hormel Foods in a report on Thursday, January 4th. They set an “overweight” rating and a $42.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $34.60.

Hormel Foods stock traded down $0.15 on Friday, hitting $32.55. 4,630,722 shares of the stock traded hands, compared to its average volume of 2,535,211. Hormel Foods has a twelve month low of $29.75 and a twelve month high of $38.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.47 and a quick ratio of 0.74. The company has a market capitalization of $17,237.99, a PE ratio of 19.15, a P/E/G ratio of 2.06 and a beta of 0.53.

Hormel Foods (NYSE:HRL) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. Hormel Foods had a net margin of 9.92% and a return on equity of 17.44%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. Hormel Foods’s revenue was up 2.1% compared to the same quarter last year. sell-side analysts anticipate that Hormel Foods will post 1.69 EPS for the current fiscal year.

In other news, insider Steven G. Binder sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $33.40, for a total transaction of $668,000.00. Following the sale, the insider now directly owns 31,964 shares of the company’s stock, valued at $1,067,597.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Elsa A. Murano sold 7,129 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $36.00, for a total transaction of $256,644.00. Following the sale, the director now directly owns 90,991 shares in the company, valued at $3,275,676. The disclosure for this sale can be found here. Insiders have sold 32,621 shares of company stock worth $1,109,949 over the last three months. 3.54% of the stock is owned by insiders.

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Hormel Foods Company Profile

Hormel Foods Corporation is engaged in the production of a range of meat and food products. The Company operates through four segments: Grocery Products, which is engaged in the processing, marketing and sale of shelf-stable food products sold for the retail market and health and also consists of nutrition products, including Muscle Milk protein products.; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork, beef, chicken and turkey products for retail, foodservice and fresh product customers; Jennie-O Turkey Store (JOTS), which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; and International & Other, which includes Hormel Foods International Corporation, which manufactures, markets and sells the Company products internationally.

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

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