Hormel Foods (HRL) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last twelve months. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" HRL shares.
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5 equities research analysts have issued 12 month price targets for Hormel Foods' shares. Their HRL share price forecasts range from $38.00 to $54.00. On average, they expect the company's stock price to reach $43.71 in the next year. This suggests a possible upside of 14.0% from the stock's current price.
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Hormel Foods' stock was trading at $45.55 at the beginning of the year. Since then, HRL stock has decreased by 15.9% and is now trading at $38.33.
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Hormel Foods saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 11,630,000 shares, an increase of 8.6% from the August 31st total of 10,710,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the short-interest ratio is currently 6.0 days. Approximately 4.0% of the company's shares are sold short.
View Hormel Foods' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our HRL earnings forecast.

Hormel Foods Co. (NYSE:HRL) announced its quarterly earnings data on Thursday, August, 31st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.01. The firm earned $2.96 billion during the quarter, compared to analyst estimates of $3.04 billion. Hormel Foods had a trailing twelve-month return on equity of 12.20% and a net margin of 7.20%. The business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share.
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Hormel Foods announced a quarterly dividend on Monday, September 25th. Shareholders of record on Monday, October 16th will be given a dividend of $0.275 per share on Wednesday, November 15th. This represents a $1.10 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, October 13th.
Read our dividend analysis for HRL.

ETFs with the largest weight of Hormel Foods (NYSE:HRL) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), First Trust Consumer Staples AlphaDEX Fund (FXG), Timothy Plan High Dividend Stock ETF (TPHD), Timothy Plan High Dividend Stock Enhanced ETF (TPHE), ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and ProShares Russell US Dividend Growers ETF (TMDV).

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.83%. The company has been increasing its dividend for 57 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 68.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRL will have a dividend payout ratio of 61.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRL.

Shares of Hormel Foods split on the morning of Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly created shares were issued to shareholders after the closing bell on Tuesday, February 9th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Hormel Foods issued an update on its FY23 earnings guidance on Thursday, August, 31st. The company provided earnings per share (EPS) guidance of $1.61-1.67 for the period, compared to the consensus EPS estimate of $1.73.

104 employees have rated Hormel Foods Chief Executive Officer James P. Snee on Glassdoor.com. James P. Snee has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hormel Foods investors own include Johnson & Johnson (JNJ), AT&T (T), AbbVie (ABBV), Procter & Gamble (PG), Walmart (WMT), Walt Disney (DIS), Exxon Mobil (XOM), Medtronic (MDT), NVIDIA (NVDA) and PepsiCo (PEP).

Hormel Foods trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRL."

Hormel Foods' stock is owned by many different institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (23.10%), State Street Corp (5.10%), BlackRock Inc. (5.07%), Capital International Investors (2.47%), Geode Capital Management LLC (1.20%) and Principal Financial Group Inc. (0.90%). Insiders that own company stock include Becerra Jose Luis Prado, Christopher J Policinski, Elsa A Murano, Gary Jamison, Glenn R Leitch, James N Sheehan, James P Snee, Jana L Haynes, Kevin L Myers, Luis G Marconi, Mark A Coffey, Mark J Ourada, Patrick J Connor, Pierre M Lilly, Steven J Lykken, Susan K Nestegard and Swen Neufeldt.
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Shares of HRL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HRL stock can currently be purchased for approximately $38.33.

Hormel Foods (NYSE:HRL) has a market capitalization of $20.95 billion and generates $12.46 billion in revenue each year. The company earns $999.99 million in net income (profit) each year or $1.61 on an earnings per share basis.

The company employs 20,000 workers across the globe.

Hormel Foods' mailing address is 1 HORMEL PL, AUSTIN MN, 55912. The official website for the company is www.hormelfoods.com. The company can be reached via phone at (507) 437-5611, via email at ir@hormel.com, or via fax at 507-437-5838.