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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
NYSE:HRL

Hormel Foods (HRL) Stock Forecast, Price & News

$38.03
0.00 (0.00%)
(As of 09/29/2023 ET)
Compare
Today's Range
$37.98
$38.45
50-Day Range
$36.98
$41.60
52-Week Range
$36.78
$49.73
Volume
2.00 million shs
Average Volume
2.19 million shs
Market Capitalization
$20.78 billion
P/E Ratio
23.62
Dividend Yield
2.89%
Price Target
$43.71

Hormel Foods MarketRank™ Forecast

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
14.9% Upside
$43.71 Price Target
Short Interest
Bearish
4.04% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
0.74mentions of Hormel Foods in the last 14 days
Based on 11 Articles This Week
Insider Trading
Acquiring Shares
$54,162 Bought Last Quarter
Proj. Earnings Growth
7.23%
From $1.66 to $1.78 Per Share

Overall MarketRank

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

2.37 out of 5 stars

Consumer Staples Sector

67th out of 136 stocks

Meat Packing Plants Industry

1st out of 2 stocks


HRL stock logo

About Hormel Foods (NYSE:HRL) Stock

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

HRL Price History

HRL Stock News Headlines

These 5 Dividend Aristocrats are Quality Stocks for AI Investing (HRL)
Dividend investors have no fear! There is ample exposure to AI among the Dividend Aristocrats - a group well known for dividend reliability.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Mergers Make Headlines, But What Makes Them Work?
Hormel Foods (HRL) Appears Dull on Supply-Chain, Cost Woes
Biden's Digital Dollar Nightmare
On July 20th, 2023, the Federal Reserve launched FedNow, which could spark the fuse for a Digital Dollar. If a Digital Dollar happens, the government could: Monitor every transaction, keep track of your spending habits, and potentially control your individual choices… Which MAY steal your freedoms in one way or another. And if you don’t plan for this now... Your retirement savings could be at risk of being frozen, hacked, or deleted. You’ll want to act fast... Because with Biden’s long history of voting against Americans... Who knows how much longer until Biden strikes again! Get your hands on this FREE Wealth Protection Kit today and learn how you could shield your savings and investments before it’s too late!
Hormel Foods Announces 2023 Class of 10 Under 20 Food Heroes
/C O R R E C T I O N -- Hormel Foods Corporation/
Q3 2023 Hormel Foods Corp Earnings Call
Why Hormel Foods Shares Are Dipping Today?
See More Headlines
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HRL Company Calendar

Ex-Dividend for 8/15 Dividend
7/14/2023
Dividend Payable
8/15/2023
Last Earnings
8/31/2023
Today
10/01/2023
Ex-Dividend for 11/15 Dividend
10/13/2023
Fiscal Year End
10/31/2023
Dividend Payable
11/15/2023
Next Earnings (Estimated)
11/29/2023

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
+14.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

Net Income
$999.99 million
Pretax Margin
9.23%

Debt

Sales & Book Value

Annual Sales
$12.46 billion
Cash Flow
$2.31 per share
Book Value
$14.12 per share

Miscellaneous

Free Float
542,055,000
Market Cap
$20.78 billion
Optionable
Optionable
Beta
0.20

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Key Executives

  • Mr. James P. SneeMr. James P. Snee (Age 56)
    Chairman, Pres & CEO
    Comp: $5.98M
  • Ms. Jacinth C. Smiley (Age 54)
    Exec. VP & CFO
    Comp: $1.32M
  • Ms. Lori J. MarcoMs. Lori J. Marco (Age 56)
    Sr. VP of External Affairs & Gen. Counsel
    Comp: $1.09M
  • Ms. Deanna T. BradyMs. Deanna T. Brady (Age 58)
    Exec. VP of Retail
    Comp: $1.43M
  • David W. Dahlstrom
    Director of Investor Relations
  • Mr. Pierre M. LillyMr. Pierre M. Lilly (Age 51)
    Sr. VP & Chief Compliance Officer
  • Ms. Wendy A. Watkins (Age 57)
    Sr. VP & Chief Communications Officer
  • Mr. Nathan P. Annis
    VP of Corp. Devel.
  • Ms. Katherine M. Losness Larson (Age 57)
    Sr. VP of HR
  • Mr. D. Scott Aakre (Age 59)
    Group VP & Chief Marketing Officer of Hormel Foods Retail Bus.













HRL Stock - Frequently Asked Questions

Should I buy or sell Hormel Foods stock right now?

5 Wall Street 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 analysts is that investors should "reduce" HRL shares.
View HRL analyst ratings
or view top-rated stocks.

What is Hormel Foods' stock price forecast for 2023?

5 Wall Street research analysts have issued 1 year target prices 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 twelve months. This suggests a possible upside of 14.9% 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 start of the year. Since then, HRL shares have decreased by 16.5% and is now trading at $38.03.
View the best growth stocks for 2023 here
.

Are investors shorting Hormel Foods?

Hormel Foods saw a increase in short interest in 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 volume of 1,950,000 shares, the days-to-cover ratio is currently 6.0 days. Currently, 4.0% of the company's shares are short sold.
View Hormel Foods' Short Interest
.

When is Hormel Foods' next earnings date?

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

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) posted 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 the consensus estimate 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 period in the previous year, the firm posted $0.40 EPS.
Read the conference call transcript
.

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

Hormel Foods declared a quarterly dividend on Monday, September 25th. Investors 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 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, October 13th.
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 2.89%. 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.

When did Hormel Foods' stock split?

Hormel Foods's stock split on the morning of Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly issued 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.

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

Hormel Foods updated its FY23 earnings guidance on Thursday, August, 31st. The company provided EPS guidance of $1.61-1.67 for the period, compared to the consensus EPS estimate of $1.73.

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."

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 $38.03.

How much money does Hormel Foods make?

Hormel Foods (NYSE:HRL) has a market capitalization of $20.78 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.

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 10/1/2023 by MarketBeat.com Staff

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