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NYSE:HRL

Hormel Foods (HRL) Stock Price, News & Analysis

$34.92
-0.55 (-1.55%)
(As of 01:34 PM ET)
Today's Range
$34.92
$35.33
50-Day Range
$33.72
$36.76
52-Week Range
$28.51
$41.73
Volume
816,871 shs
Average Volume
2.86 million shs
Market Capitalization
$19.13 billion
P/E Ratio
23.92
Dividend Yield
3.24%
Price Target
$31.00

Hormel Foods MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
11.4% Downside
$31.00 Price Target
Short Interest
Healthy
3.44% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
0.97mentions of Hormel Foods in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$1.41 M Sold Last Quarter
Proj. Earnings Growth
6.29%
From $1.59 to $1.69 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.14 out of 5 stars

Consumer Staples Sector

76th out of 135 stocks

Meat Packing Plants Industry

1st out of 2 stocks

HRL stock logo

About Hormel Foods Stock (NYSE:HRL)

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company 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, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST N EASY, FIRE BRAISED, FONTANINI, HAPPY LITTLE PLANTS, HERDEZ, HORMEL GATHERINGS, HORMEL SQUARE TABLE, HORMEL VITAL CUISINE, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SPECIAL RECIPE, THICK & EASY, VALLEY FRESH, AND WHOLLY brands 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 Stock Price History

HRL Stock News Headlines

3 Dividend Stocks to Double Up on Right Now
Hormel Foods (HRL) to Release Quarterly Earnings on Thursday
Hormel Foods: Overvalued and Underperforming – A Sell Rating Analysis
Hormel Foods Corporation Declares Quarterly Dividend
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 5/15 Dividend
4/12/2024
Dividend Payable
5/15/2024
Today
5/23/2024
Next Earnings (Confirmed)
5/30/2024
Fiscal Year End
10/31/2024

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 Target
$31.00
High Stock Price Target
$35.00
Low Stock Price Target
$28.00
Potential Upside/Downside
-11.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$793.57 million
Pretax Margin
8.39%

Debt

Sales & Book Value

Annual Sales
$12.11 billion
Cash Flow
$2.06 per share
Book Value
$14.16 per share

Miscellaneous

Free Float
543,921,000
Market Cap
$19.25 billion
Optionable
Optionable
Beta
0.28

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HRL Stock Analysis - 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 2 sell ratings and 3 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 target for 2024?

5 analysts have issued 1-year price targets for Hormel Foods' shares. Their HRL share price targets range from $28.00 to $35.00. On average, they expect the company's share price to reach $31.00 in the next year. This suggests that the stock has a possible downside of 11.4%.
View analysts price targets for HRL
or view top-rated stocks among Wall Street analysts.

How have HRL shares performed in 2024?

Hormel Foods' stock was trading at $32.11 on January 1st, 2024. Since then, HRL shares have increased by 8.9% and is now trading at $34.98.
View the best growth stocks for 2024 here
.

When is Hormel Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 30th 2024.
View our HRL earnings forecast
.

How can I listen to Hormel Foods' earnings call?

Hormel Foods will be holding an earnings conference call on Thursday, May 30th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) released its quarterly earnings results on Thursday, February, 29th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The business earned $3 billion during the quarter, compared to analysts' expectations of $2.91 billion. Hormel Foods had a net margin of 6.55% and a trailing twelve-month return on equity of 11.51%. The company's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 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 declared a quarterly dividend on Monday, May 20th. Shareholders of record on Monday, July 15th will be given a dividend of $0.2825 per share on Thursday, August 15th. This represents a $1.13 annualized dividend and a yield of 3.23%. The ex-dividend date is Monday, July 15th.
Read our dividend analysis for HRL
.

Is Hormel Foods a good dividend stock?

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.13 per share and currently has a dividend yield of 3.10%. The company has been increasing its dividend for 59 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 77.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HRL will have a dividend payout ratio of 66.86% 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 before market open on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly issued 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 FY24 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of $1.51 to $1.65 for the period, compared to the consensus estimate of $1.54. The company issued revenue guidance of $12.2 billion to $12.5 billion, compared to the consensus revenue estimate of $12.16 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).

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.35%), ProShare Advisors LLC (1.03%), Champlain Investment Partners LLC (0.90%), Principal Financial Group Inc. (0.58%), Capital International Investors (0.35%) and Vest Financial LLC (0.22%). Insiders that own company stock include Becerra Jose Luis Prado, Christopher J Policinski, Deanna T Brady, Elsa A Murano, Gary Jamison, 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.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:HRL) was last updated on 5/23/2024 by MarketBeat.com Staff

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