Hormel Foods (NYSE:HRL) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $1.77-1.91 for the period. The company issued revenue guidance of $9.7-10.2 billion, compared to the consensus revenue estimate of $9.86 billion.

A number of research firms have commented on HRL. Zacks Investment Research reiterated a sell rating on shares of Hormel Foods in a research report on Tuesday, November 13th. Vertical Group lowered Hormel Foods from a hold rating to a sell rating in a research report on Tuesday, November 6th. They noted that the move was a valuation call. Piper Jaffray Companies set a $50.00 price target on Hormel Foods and gave the company a buy rating in a research report on Tuesday, November 6th. JPMorgan Chase & Co. began coverage on Hormel Foods in a research report on Friday, September 28th. They issued a neutral rating and a $41.00 price target on the stock. Finally, BMO Capital Markets lowered Hormel Foods from an outperform rating to a market perform rating and upped their price target for the company from $38.00 to $44.00 in a research report on Monday, September 17th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $39.67.

Shares of Hormel Foods stock opened at $45.36 on Tuesday. Hormel Foods has a one year low of $31.71 and a one year high of $46.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.78 and a current ratio of 1.69. The stock has a market cap of $24.46 billion, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 2.97 and a beta of 0.14.

Hormel Foods (NYSE:HRL) last announced its earnings results on Thursday, August 23rd. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Hormel Foods had a return on equity of 17.44% and a net margin of 10.18%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts expect that Hormel Foods will post 1.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Monday, January 14th will be given a dividend of $0.21 per share. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 1.85%. Hormel Foods’s dividend payout ratio is presently 47.77%.

In related news, insider Steven J. Lykken sold 3,614 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $38.93, for a total transaction of $140,693.02. Following the sale, the insider now owns 14,337 shares in the company, valued at approximately $558,139.41. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman James P. Snee sold 21,923 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $37.85, for a total value of $829,785.55. Following the sale, the chairman now owns 49,326 shares in the company, valued at approximately $1,866,989.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 138,632 shares of company stock worth $5,556,981. 1.48% of the stock is owned by corporate insiders.

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Hormel Foods Company Profile

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products, such as canned luncheon meats, peanut butter, chilies, shelf-stable microwaveable meals, hash, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.

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