Hormel Foods Corporation (HRL) Earning Somewhat Positive Media Coverage, Report Shows

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The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. KeyCorp began coverage on shares of Hormel Foods Corporation in a report on Tuesday, October 31st.

Companies with higher future earnings are usually expected to issue higher dividends or have appreciating stock in the future.

Typically 20-day simple moving average is useful at identifying swing trading trends lasting 20 days. Morgan Stanley started coverage on Hormel Foods Corporation in a research note on Friday, November 3rd. Hormel Foods Corporation now has a consensus rating of "Hold" and a consensus target price of $34.90. Finally, BidaskClub upgraded shares of Hormel Foods Corporation from a "sell" rating to a "hold" rating in a research report on Monday, August 14th. Analysts have a mean recommendation of 1.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). If you take a peek at Hormel Foods Corporation (NYSE:HRL), you may spot some reasons to watch the retail space for value.

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Shares of Hormel Foods Corporation (HRL) opened at $34.27 on Friday. Among active positions in the latest quarter, 227 holders increased their positions by a total of 17.12 million shares, 254 holders decreased the positions by a total of 20.55 million shares, and 85 holders held their positions. The FCF Growth of Hormel Foods Corporation (NYSE:HRL) is -0.249505. The company has a market cap of $18,088.67, a PE ratio of 21.69, a PEG ratio of 2.22 and a beta of 0.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.91 and a quick ratio of 1.37.

Hormel Foods Corporation (NYSE:HRL) last posted its quarterly earnings data on Tuesday, November 21st.

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Hormel Foods Corporation (HRL) Earning Somewhat Positive Media Coverage, Report Shows

Banco Bradesco S.A. (BBD) has so far tried and showed success to beat the consensus-estimated $0.22, with their earning staying at $0.25 per share. In looking the SMA 200 we see that the stock has seen a 9.29%.The Company's net profit margin for the 12 months at 36.8%.

21 Nov 2017 -- Flavor and fragrance specialists Frutarom has posted third-quarter earnings which show a record US$358.8 million in sales, up nearly 20 percent, which has prompted the company to raise its 2020 sales target to US$2.25 billion. The ERP5 looks at the Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. Stockholders of record on Tuesday, January 16th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, January 12th.

Earlier this month Hormel Foods announced the acquisition of Columbus Manufacturing, Inc., an authentic, premium deli meat and salami company, from Chicago-based Arbor Investments for approximately US$850 million. The shares price has directed -1.20% toward a lower level throughout a year ago and swapped 13.44% toward a strong spot during past one month. Following the completion of the transaction, the insider now directly owns 26,838 shares in the company, valued at $838,150.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James N. Sheehan sold 35,704 shares of Hormel Foods Corporation stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $34.25, for a total transaction of $399,012.50.

A few other fundamental data points to look at include a current ratio of and a profit margin of 9.40%, indicating underlying health of the company. The disclosure for this sale can be found here.

Hormel Foods Corporation insiders have sold a net of -194,578 shares during the past three months, which implies that the company's top executives have been feeling bearish about the stock's outlook.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank owned about 276,356.78% of Hormel Foods Corporation worth $46,882,000 at the end of the most recent quarter. CLS Investments LLC lifted its stake in Hormel Foods Corporation by 4.7% in the 2nd quarter. Finally, Penserra Capital Management LLC bought a new position in Hormel Foods Corporation during the second quarter valued at about $189,000.

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