Hormel Foods Corp (HRL) Declares $0.17 Quarterly Dividend

Analysts Near-Term outlook: Hormel Foods Corporation (HRL), DiamondRock Hospitality Company (DRH)
Hormel sales falls short, with 'pressure' from Jennie-O Turkey Store expected to continue
Author

27 May, 2017

Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) has a market cap of $586.06 million and over the last 12 months, ACHN has gone weaker by -54.14%.

Several equities analysts recently commented on HRL shares. Hendley & Co. Inc. increased its position in Hormel Foods Corp by 6.4% in the first quarter. The stock traded at a volume of 2.35 million shares. Cliftonlarsonallen Wealth Advisors LLC boosted its position in shares of Hormel Foods Corp by 7.7% in the third quarter. Over the past 2 quarters, the stock is down -7.61%, compared with a fall of almost -4.41% for 3 months and about -5.18% for the past 30 days. Earnings-per-share growth gives a good picture of the rate at which a company has grown its profitability per unit of equity.

Shares of Kinder Morgan, Inc. Similar statistics are true for the second largest owner, State Street Corp, which owns 30,094,045 shares of the stock are valued at $1.07 billion. The mean target of $37.00 should be compared with the price when the stock was languishing around $33.18 a share. The share price is trading in a range of $36.28 - 37.00. Following the completion of the transaction, the insider now directly owns 112,746 shares in the company, valued at approximately $3,907,776.36. The year to date performance is at 1.69% with a 52 week high of -11.50% and a 52 week low of 6.69%. Narrowing in, the stock is at a distance of -35.50% from the 50 day high and 3.27% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Denbury Resources Inc. Capstone Invest Ltd Liability reported 0.08% of its portfolio in Hormel Foods Corp (NYSE:HRL). The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. Profit margins are at 9.40% while the operating margin stands at 13.90%. The business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.22 billion.

Shares price moving down from its 20 days moving average with -1.15% and isolated negatively from 50 days moving average with -4.25%. The firm's revenue was down.6% compared to the same quarter a year ago. The stock of Hormel Foods Corp (NYSE:HRL) earned "Perform" rating by Oppenheimer on Friday, September 16. Stockholders of record on Monday, July 17th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.05%. Hormel Foods Corp's dividend payout ratio (DPR) is presently 41.46%.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another publication, it was stolen and reposted in violation of USA and worldwide copyright legislation. HRL was included in 4 notes of analysts from August 22, 2016. Shares have risen 11.54% over the trailing 6 months. Simon, (NYSE:SPG) reported that its majority-owned operating partnership subsidiary, Simon Property Group, L.P., provided notice to redeem all $1.25 billion in aggregate principal amount of its outstanding 5.65% Notes due 2020. BMO Capital Markets restated a "buy" rating and issued a $45.00 price target on shares of Hormel Foods Corp in a research note on Thursday, March 30th. Another trade for 992 shares valued at $141,052 was made by BELINGARD JEAN-LUC on Tuesday, May 9. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Peak Asset Mgmt Ltd Llc owns 5,101 shares. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,787 shares of company stock valued at $2,955,553. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.


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