A number of firms have modified their ratings and price targets on shares of Hormel Foods (NYSE: HRL) recently:

  • 12/1/2017 – Hormel Foods was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In fourth-quarter fiscal 2017, Hormel Foods reported better-than-expected results, with adjusted earnings of 41 cents per share surpassing the Zacks Consensus Estimate by a penny. Revenues outpaced the consensus estimate by 4.1%. In the quarters ahead, the company is poised to grow on the back of its stronger demand for products such as SKIPPY SPAM and Justin's and synergistic benefits from acquired assets. It recently completed the acquisition of Columbus Manufacturing as well as increased its fiscal 2018 earnings per share and revenue guidance. Despite these positives, the company perceives that lower turkey prices will continue to hurt its Jennie-O Turkey Store business while lingering challenges in the Specialty Foods and Refrigerated Foods segments are concerning. In the last six months, the company's shares have underperformed the industry and also seem overvalued comparatively.”
  • 12/1/2017 – Hormel Foods was given a new $40.00 price target on by analysts at Barclays PLC. They now have an “overweight” rating on the stock.
  • 11/30/2017 – Hormel Foods was given a new $34.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 11/25/2017 – Hormel Foods was given a new $34.00 price target on by analysts at Mizuho. They now have a “hold” rating on the stock.
  • 11/24/2017 – Hormel Foods was given a new $33.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 11/23/2017 – Hormel Foods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “In the last month, Hormel Foods shares have outperformed the industry. In fourth-quarter fiscal 2017, the company reported better-than-expected results, with adjusted earnings of 41 cents per share surpassing the Zacks Consensus Estimate by a penny. Revenues outpaced the estimate by 4.1%. In the quarters ahead, the company is poised to grow on the back of its stronger demand for products such as SKIPPY SPAM and Justin's as well as meaningful acquisitions made in fiscal 2017. Also, the company is committed toward its shareholders and expects to augment their returns through lucrative dividends. Recently, it declared a 10% hike in its annual dividend rate.”
  • 11/6/2017 – Hormel Foods had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $38.00 price target on the stock.
  • 11/3/2017 – Hormel Foods is now covered by analysts at Morgan Stanley. They set an “underweight” rating and a $26.00 price target on the stock.
  • 10/31/2017 – Hormel Foods was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Over the last three months, Hormel Foods’ shares have underperformed and look overvalued compared to the industry. The company reported lackluster third-quarter fiscal 2017 results.  Hormel Foods noted that price inflation of major inputs like pork bellies and beef trim, as well as the ongoing Jennie-O Turkey Store segment issues stemmed the downside. However, company is poised to grow on the back of its diversified product portfolio. Higher demand for major brands such as Skippy and Justin’s, lucrative marketing programs are expected to boost near term revenues. Moreover, meaningful acquisitions and strategic growth oriented investment programs are also anticipated to underpin near term results. Over the last 60 days, Zacks Consensus Estimate for the stock remained unchanged for fiscal 2018.”
  • 10/31/2017 – Hormel Foods is now covered by analysts at KeyCorp. They set a “hold” rating on the stock.
  • 10/29/2017 – Hormel Foods was given a new $34.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 10/19/2017 – Hormel Foods had its price target lowered by analysts at Stephens from $50.00 to $38.00. They now have an “overweight” rating on the stock.

Shares of Hormel Foods Corp (NYSE HRL) opened at $36.62 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $19,370.00, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65. Hormel Foods Corp has a 52-week low of $29.75 and a 52-week high of $38.00.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Tuesday, January 16th will be given a $0.1875 dividend. This is a boost from Hormel Foods’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.05%. Hormel Foods’s dividend payout ratio (DPR) is presently 43.31%.

In other Hormel Foods news, insider Steven G. Binder sold 50,000 shares of Hormel Foods stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $34.18, for a total transaction of $1,709,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas R. Day sold 34,346 shares of Hormel Foods stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $36.47, for a total value of $1,252,598.62. Following the transaction, the insider now owns 73,770 shares of the company’s stock, valued at approximately $2,690,391.90. The disclosure for this sale can be found here. Insiders sold a total of 163,686 shares of company stock valued at $5,625,515 in the last three months. Insiders own 3.54% of the company’s stock.

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