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NYSE:HRL

Hormel Foods (HRL) Stock Forecast, Price & News

$40.77
+0.57 (+1.42%)
(As of 06/2/2023 ET)
Compare
Today's Range
$40.19
$40.79
50-Day Range
$38.24
$41.20
52-Week Range
$37.78
$51.69
Volume
3.69 million shs
Average Volume
2.11 million shs
Market Capitalization
$22.28 billion
P/E Ratio
22.78
Dividend Yield
2.70%
Price Target
$44.14

Hormel Foods MarketRank™ Forecast

Analyst Rating
Hold
1.80 Rating Score
Upside/​Downside
7.2% Upside
$43.71 Price Target
Short Interest
Bearish
4.21% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
0.53mentions of Hormel Foods in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$445,852 Sold Last Quarter
Proj. Earnings Growth
7.51%
From $1.73 to $1.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.83 out of 5 stars

Consumer Staples Sector

101st out of 140 stocks

Meat Packing Plants Industry

1st out of 2 stocks


HRL stock logo

About Hormel Foods (NYSE:HRL) Stock

Hormel Foods Corp. engages in the production of meat and food products. It operates through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. The Grocery Products segment focuses on the processing, marketing, and sale of shelf-stable food products sold in the retail market. The Refrigerated Foods segment is involved in the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products for retail, foodservice, deli, and commercial customers. The Jennie-O Turkey Store segment includes the processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice, and fresh product customers. The International and Other segment manages Hormel Foods International, which manufactures, markets, and sells company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.

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HRL Stock News Headlines

High-Quality, High-Yield Hormel Looks Tasty at These Levels 
Hormel is a Dividend King trading at rock-bottom prices and paying 2.75%. The company focuses on quality and driving results but is Hormel stock a good buy?
Kraft Heinz Recovery Gains Momentum  (HRL)
Kraft Heinz's turnaround gains momentum as the company reveals clear pricing power and widens margins. The dividend is getting safer by the quarter.
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
Justin's Is Nuts for Bees
Q2 2023 Hormel Foods Corp Earnings Call
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
The Latest Analyst Ratings for Hormel Foods
Hormel Shares Rise as It Beats Profit Estimates
Hormel sales, profits fall in second quarter
Hormel Foods reaffirms 2023 forecasts, shares rise
Hormel Foods (NYSE:HRL) Releases FY23 Earnings Guidance
Hormel Foods Reaffirms FY23 Outlook - Update
Barclays Reaffirms Their Hold Rating on Hormel Foods (HRL)
Hormel Dividends: Where's The Juice?
Hormel Foods (HRL) Set to Announce Earnings on Thursday
See More Headlines

HRL Price History

HRL Company Calendar

Ex-Dividend for 5/15 Dividend
4/14/2023
Dividend Payable
5/15/2023
Last Earnings
6/01/2023
Today
6/02/2023
Next Earnings (Estimated)
9/07/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Meat packing plants
Sub-Industry
Packaged Foods & Meats
CUSIP
44045210
Employees
20,000
Year Founded
1891

Price Target and Rating

Average Stock Price Forecast
$43.71
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+8.9%
Consensus Rating
Hold
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

Net Income
$999.99 million
Pretax Margin
10.10%

Debt

Sales & Book Value

Annual Sales
$12.46 billion
Cash Flow
$2.45 per share
Book Value
$13.81 per share

Miscellaneous

Free Float
542,106,000
Market Cap
$22.16 billion
Optionable
Optionable
Beta
0.18

Social Links


Key Executives

  • James P. Snee
    Chairman, President & Chief Executive Officer
  • Jacinth C. Smiley
    Chief Financial Officer & Executive Vice President
  • Kevin L. MyersKevin L. Myers
    Senior Vice President-Research & Development
  • Pierre Lilly
    Chief Compliance Officer & Senior Vice President
  • Brian Dean Johnson
    Secretary & Vice President













HRL Stock - Frequently Asked Questions

Should I buy or sell Hormel Foods stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HRL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HRL, but not buy additional shares or sell existing shares.
View HRL analyst ratings
or view top-rated stocks.

What is Hormel Foods' stock price forecast for 2023?

5 equities research analysts have issued 1-year price targets for Hormel Foods' stock. Their HRL share price forecasts range from $38.00 to $54.00. On average, they expect the company's share price to reach $43.71 in the next year. This suggests a possible upside of 7.9% from the stock's current price.
View analysts price targets for HRL
or view top-rated stocks among Wall Street analysts.

How have HRL shares performed in 2023?

Hormel Foods' stock was trading at $45.55 at the beginning of 2023. Since then, HRL shares have decreased by 11.0% and is now trading at $40.53.
View the best growth stocks for 2023 here
.

Are investors shorting Hormel Foods?

Hormel Foods saw a increase in short interest in May. As of May 15th, there was short interest totaling 12,150,000 shares, an increase of 10.4% from the April 30th total of 11,010,000 shares. Based on an average daily volume of 2,190,000 shares, the days-to-cover ratio is presently 5.5 days. Currently, 4.2% of the company's stock are sold short.
View Hormel Foods' Short Interest
.

When is Hormel Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 7th 2023.
View our HRL earnings forecast
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) released its quarterly earnings data on Thursday, June, 1st. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.06 billion. Hormel Foods had a net margin of 7.90% and a trailing twelve-month return on equity of 13.10%. The business's revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share.
Read the conference call transcript
.

How often does Hormel Foods pay dividends? What is the dividend yield for Hormel Foods?

Hormel Foods announced a quarterly dividend on Monday, May 22nd. Shareholders of record on Monday, July 17th will be paid a dividend of $0.275 per share on Tuesday, August 15th. This represents a $1.10 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, July 14th.
Read our dividend analysis for HRL
.

Is Hormel Foods a good dividend stock?

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.88%. 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 61.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRL will have a dividend payout ratio of 59.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRL.

When did Hormel Foods' stock split?

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

What guidance has Hormel Foods issued on next quarter's earnings?

Hormel Foods issued an update on its FY23 earnings guidance on Thursday, June, 1st. The company provided EPS guidance of $1.70-1.82 for the period, compared to the consensus earnings per share estimate of $1.73. The company issued revenue guidance of 1-3% yr/yr to ~$12.58-12.83 billion, compared to the consensus revenue estimate of $12.55 billion.

What is James P. Snee's approval rating as Hormel Foods' CEO?

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.

What other stocks do shareholders of Hormel Foods own?

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).

What is Hormel Foods' stock symbol?

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

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.30%), State Street Corp (4.92%), Geode Capital Management LLC (1.15%), Principal Financial Group Inc. (0.97%), ProShare Advisors LLC (0.71%) and ProShare Advisors LLC (0.71%). Insiders that own company stock include Becerra Jose Luis Prado, Christopher J Policinski, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, James M Splinter, James N Sheehan, James P Snee, Jana L Haynes, Kevin L Myers, Lori J Marco, Luis G Marconi, Mark A Coffey, Patrick J Connor, Steven J Lykken, Susan K Nestegard, Swen Neufeldt and Terrell K Crews.
View institutional ownership trends
.

How do I buy shares of Hormel Foods?

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.
Compare Top Brokerages Here.

What is Hormel Foods' stock price today?

One share of HRL stock can currently be purchased for approximately $40.53.

How much money does Hormel Foods make?

Hormel Foods (NYSE:HRL) has a market capitalization of $22.15 billion and generates $12.46 billion in revenue each year. The company earns $999.99 million in net income (profit) each year or $1.79 on an earnings per share basis.

How many employees does Hormel Foods have?

The company employs 20,000 workers across the globe.

Does Hormel Foods have any subsidiaries?
The following companies are subsidiares of Hormel Foods: 199 Ventures LLC, Alma Foods LLC, Applegate, Applegate Farms LLC, Applegate Investment Corporation, Arriba Foods Inc., Beijing Hormel Business Management Co. Ltd., Beijing Hormel Foods Co. Ltd., Boca Grande Foods Inc., Burke Corporation, Burke Marketing Corporation, Campoco Inc., Castelmassa Participação S.A., Century Foods International, Century Foods International LLC, Century Foods Land Development LLC, Ceratti, ChampBev Inc., Cidade do Sol Alimentos S.A., Clean Field Comercio de Produtos Alimenticios Ltda., Columbus Manufacturing, Columbus Manufacturing Inc., Creative Contract Packaging LLC, Cultivated Foods LLC, CytoSport, Dan’s Prize Inc., Diamond Crystal Brands, Diversified Foods Insurance Company LLC, Dold Foods LLC, Farmer John, Fontanini Foods LLC, Fontanini Italian Meats and Sausages, HF International Holdings C.V., Hormel (China) Investment Co. Ltd., Hormel Canada Ltd., Hormel Financial Services Corporation, Hormel Foods Asia Pacific Pte. Ltd., Hormel Foods Australia Pty Limited, Hormel Foods Brazil Paricipações Ltda., Hormel Foods Corporate Services LLC, Hormel Foods International Corporation, Hormel Foods Japan KK, Hormel Foods LLC, Hormel Foods México S. de R.L. de C.V., Hormel Foods Sales LLC, Hormel Health Labs LLC, Hormel International Investments LLC, Hormel MM Holding Corporation, Hormel Netherlands B.V., JJOTS LLC, Jennie-O Turkey Store, Jennie-O Turkey Store Inc., Jennie-O Turkey Store International Inc., Jennie-O Turkey Store LLC, Jennie-O Turkey Store Sales LLC, Jiaxing Hormel Foods Co. Ltd., Justin’s, Justin’s LLC, Lloyd's Barbeque, Lloyd’s Barbeque Company LLC, Logistic Service LLC, Mark Lynn Foods Inc., Melting Pot Foods LLC, Mespil Inc., Mexican Accent LLC, Mountain Prairie LLC, Omamori Indústria de Alimentos Ltda., Osceola Food LLC, PT Hormel Garudafood Jaya, Papillion Foods LLC, Pistóia – Participações S.A., Planters, Progressive Processing LLC, Provena Foods Inc., R.N.C. – Participações Ltda., Rochelle Foods LLC, SKIPPY, Saag's Products, Sadler's Smokehouse LLC, Sadler's Smokehouse Ltd, Shanghai Hormel Foods Co. Ltd., Shedd’s Country Crock Business - Unilever, Skippy Foods LLC, Stagg Foods LLC, Talis Distribuidora de Alimentos Ltda., Valley Fresh, Valley Fresh Inc., and West Central Turkeys LLC.
Read More
How can I contact Hormel Foods?

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.

This page (NYSE:HRL) was last updated on 6/2/2023 by MarketBeat.com Staff

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