Hormel Foods Corporation (NYSE:HRL) – Investment analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share (EPS) estimates for Hormel Foods Corporation in a research note issued on Tuesday. Oppenheimer Holdings analyst R. Parikh expects that the company will post earnings of $0.43 per share for the quarter. Oppenheimer Holdings also issued estimates for Hormel Foods Corporation’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.43 EPS and FY2019 earnings at $1.70 EPS.

Other research analysts have also issued research reports about the company. BMO Capital Markets reiterated a “buy” rating and set a $38.00 price target on shares of Hormel Foods Corporation in a report on Monday, November 6th. BidaskClub upgraded Hormel Foods Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Mizuho reiterated a “hold” rating and set a $33.00 price target on shares of Hormel Foods Corporation in a report on Wednesday, October 4th. Zacks Investment Research upgraded Hormel Foods Corporation from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Finally, Credit Suisse Group dropped coverage on Hormel Foods Corporation in a report on Saturday, August 26th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.44.

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Hormel Foods Corporation (NYSE HRL) opened at $34.52 on Wednesday. Hormel Foods Corporation has a fifty-two week low of $29.75 and a fifty-two week high of $37.97. The company has a current ratio of 2.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $17,629.46, a price-to-earnings ratio of 20.62, a PEG ratio of 2.19 and a beta of 0.58.

Hormel Foods Corporation (NYSE:HRL) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.41 billion. Hormel Foods Corporation had a return on equity of 18.90% and a net margin of 9.38%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS.

Several institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. grew its position in shares of Hormel Foods Corporation by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,766 shares of the company’s stock worth $163,000 after buying an additional 19 shares in the last quarter. ING Groep NV grew its position in shares of Hormel Foods Corporation by 0.4% during the second quarter. ING Groep NV now owns 13,807 shares of the company’s stock worth $471,000 after buying an additional 53 shares in the last quarter. FineMark National Bank & Trust grew its position in shares of Hormel Foods Corporation by 0.8% during the second quarter. FineMark National Bank & Trust now owns 10,506 shares of the company’s stock worth $358,000 after buying an additional 80 shares in the last quarter. Cadence Capital Management LLC grew its position in shares of Hormel Foods Corporation by 1.0% during the second quarter. Cadence Capital Management LLC now owns 9,922 shares of the company’s stock worth $338,000 after buying an additional 98 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of Hormel Foods Corporation by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the company’s stock worth $570,000 after buying an additional 100 shares in the last quarter. 38.17% of the stock is owned by institutional investors and hedge funds.

In other Hormel Foods Corporation news, Director Dakota A. Pippins sold 4,000 shares of Hormel Foods Corporation stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $31.60, for a total value of $126,400.00. Following the completion of the transaction, the director now directly owns 92,377 shares of the company’s stock, valued at approximately $2,919,113.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven G. Binder sold 15,000 shares of Hormel Foods Corporation stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $32.00, for a total value of $480,000.00. Following the completion of the transaction, the insider now directly owns 26,838 shares of the company’s stock, valued at $858,816. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 194,518 shares of company stock valued at $6,132,366. 3.54% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Tuesday, January 16th will be given a $0.1875 dividend. This is an increase from Hormel Foods Corporation’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 Corporation’s payout ratio is currently 41.98%.

Hormel Foods Corporation Company Profile

Earnings History and Estimates for Hormel Foods Corporation (NYSE:HRL)

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