NYSE:HRL - Hormel Foods Stock Price, News, & Analysis

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$39.86 +0.20 (+0.50 %)
(As of 09/21/2018 03:31 AM ET)
Previous Close$39.66
Today's Range$39.39 - $39.92
52-Week Range$29.75 - $42.29
Volume1.68 million shs
Average Volume2.69 million shs
Market Capitalization$21.63 billion
P/E Ratio25.24
Dividend Yield1.85%
Beta0.34
Hormel Foods logoHormel 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. The company also provides turkey products; nutritional food products and supplements; dessert and drink mixes; and industrial gelatin products. It sells its products through sales personnel, as well as through 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 based in Austin, Minnesota.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
SymbolNYSE:HRL
CUSIP44045210
Phone507-437-5611

Debt

Debt-to-Equity Ratio0.12
Current Ratio1.69
Quick Ratio0.78

Price-To-Earnings

Trailing P/E Ratio25.24
Forward P/E Ratio22.65
P/E Growth2.77

Sales & Book Value

Annual Sales$9.17 billion
Price / Sales2.32
Cash Flow$1.8201 per share
Price / Cash21.90
Book Value$10.12 per share
Price / Book3.94

Profitability

EPS (Most Recent Fiscal Year)$1.57
Net Income$846.73 million
Net Margins10.18%
Return on Equity17.44%
Return on Assets11.86%

Miscellaneous

Employees20,200
Outstanding Shares533,120,000
Market Cap$21.63 billion

Hormel Foods (NYSE:HRL) Frequently Asked Questions

What is Hormel Foods' stock symbol?

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

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

Hormel Foods announced a quarterly dividend on Monday, May 21st. Shareholders of record on Monday, July 16th will be given a dividend of $0.1875 per share on Wednesday, August 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, July 13th. View Hormel Foods' Dividend History.

When did Hormel Foods' stock split? How did Hormel Foods' stock split work?

Hormel Foods shares 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 market closes on Tuesday, February 9th 2016. An investor that had 100 shares of Hormel Foods stock prior to the split would have 200 shares after the split.

How were Hormel Foods' earnings last quarter?

Hormel Foods Corp (NYSE:HRL) issued its quarterly earnings results on Thursday, August, 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.39. The business earned $2.36 billion during the quarter, compared to the consensus estimate of $2.38 billion. Hormel Foods had a net margin of 10.18% and a return on equity of 17.44%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. View Hormel Foods' Earnings History.

When is Hormel Foods' next earnings date?

Hormel Foods is scheduled to release their next quarterly earnings announcement on Tuesday, November, 20th 2018. View Earnings Estimates for Hormel Foods.

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

Hormel Foods issued an update on its FY18 earnings guidance on Thursday, August, 23rd. The company provided EPS guidance of $1.81-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.81. The company issued revenue guidance of $9.4-9.6 billion, compared to the consensus revenue estimate of $9.72 billion.

What price target have analysts set for HRL?

10 brokers have issued 1-year target prices for Hormel Foods' shares. Their predictions range from $26.00 to $44.00. On average, they anticipate Hormel Foods' stock price to reach $36.5556 in the next year. This suggests that the stock has a possible downside of 8.3%. View Analyst Price Targets for Hormel Foods.

What is the consensus analysts' recommendation for Hormel Foods?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hormel Foods.

What are Wall Street analysts saying about Hormel Foods stock?

Here are some recent quotes from research analysts about Hormel Foods stock:
  • 1. Jefferies Financial Group Inc analysts commented, "3Q RF segment results & outlook validate our materially less pessimistic view on commodity pork processor margins. However, these positives were offset by continuing weak results in JOTS and weaker than expected international results, which we view as transitory headwinds. LT we continue to see HRL as a core holding owing to 1) strong mgmt.; 2) potential turn in turkey cycle; and 3) M&A optionality." (8/29/2018)
  • 2. According to Zacks Investment Research, "Hormel Foods has surpassed the industry in the past three months. The company has been gaining from its focus on acquisitions, which supported revenues and profitability in the second quarter of fiscal 2018. The company anticipates that the successful integration of the Fontanini and Columbus businesses will continue to strengthen its portfolio. Further, stronger demand for brands like Hormel Black Label bacon and Muscle Milk among others are expected to drive revenues in the upcoming quarters. However, Turkey market challenges have been troubling the company for the past few quarters. In the fiscal second quarter, revenues and gross profit of the Jennie-O Turkey store unit dipped 4% and 34%, respectively. Also, flared up freight and advertising costs were headwinds. Surge in fuel prices and scarcity of trucks are expected to continue raising freight costs until 2019. Nonetheless, estimates have been stable lately ahead of earnings." (8/21/2018)

Who are some of Hormel Foods' key competitors?

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the folowing people:
  • Mr. James P. Snee, Chairman, Pres & CEO (Age 51)
  • Mr. James N. Sheehan, Sr. VP & CFO (Age 63)
  • Mr. Thomas R. Day, Exec. VP of Refrigerated Foods (Age 60)
  • Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 58)
  • Ms. Jana L. Haynes, VP, Controller & Principal Accounting Officer (Age 46)

Has Hormel Foods been receiving favorable news coverage?

Media coverage about HRL stock has trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hormel Foods earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned press coverage about the company an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future. View Recent Headlines for Hormel Foods.

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.87%), Macquarie Group Ltd. (1.17%), Fairpointe Capital LLC (0.77%), Victory Capital Management Inc. (0.72%), Northern Trust Corp (0.62%) and US Bancorp DE (0.37%). Company insiders that own Hormel Foods stock include Brian Dean Johnson, Dakota A Pippins, Deanna T Brady, Donald H Kremin, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, James M Splinter, James N Sheehan, James P Snee, John L Morrison, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Paul Peter Dipasquale, Robert George Atkinson, Robert Nakasone, Steven G Binder, Steven J Lykken, Terrell K Crews and Thomas R Day. View Institutional Ownership Trends for Hormel Foods.

Which institutional investors are selling Hormel Foods stock?

HRL stock was sold by a variety of institutional investors in the last quarter, including Dividend Assets Capital LLC, Fairpointe Capital LLC, State of Wisconsin Investment Board, PNC Financial Services Group Inc., Robecosam AG, TD Asset Management Inc., IndexIQ Advisors LLC and Royce & Associates LP. Company insiders that have sold Hormel Foods company stock in the last year include Dakota A Pippins, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, James M Splinter, James P Snee, John L Morrison, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Robert Nakasone, Steven G Binder, Steven J Lykken, Terrell K Crews and Thomas R Day. View Insider Buying and Selling for Hormel Foods.

Which institutional investors are buying Hormel Foods stock?

HRL stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Victory Capital Management Inc., Morgan Stanley, Virginia Retirement Systems ET AL, BlackRock Inc., Glenmede Trust Co. NA, Bank of Montreal Can and American International Group Inc.. Company insiders that have bought Hormel Foods stock in the last two years include Paul Peter Dipasquale and Robert George Atkinson. View Insider Buying and Selling for Hormel Foods.

How do I buy shares of Hormel Foods?

Shares of HRL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Hormel Foods' stock price today?

One share of HRL stock can currently be purchased for approximately $39.86.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $21.63 billion and generates $9.17 billion in revenue each year. The company earns $846.73 million in net income (profit) each year or $1.57 on an earnings per share basis. Hormel Foods employs 20,200 workers across the globe.

How can I contact Hormel Foods?

Hormel Foods' mailing address is 1 HORMEL PL, AUSTIN MN, 55912. The company can be reached via phone at 507-437-5611 or via email at [email protected]


MarketBeat Community Rating for Hormel Foods (NYSE HRL)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  335 (Vote Outperform)
Underperform Votes:  427 (Vote Underperform)
Total Votes:  762
MarketBeat's community ratings are surveys of what our community members think about Hormel Foods and other stocks. Vote "Outperform" if you believe HRL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HRL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/21/2018 by MarketBeat.com Staff

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