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NYSE:HRL

Hormel Foods (HRL) Stock Forecast, Price & News

$38.91
-0.42 (-1.07%)
(As of 09/22/2023 ET)
Compare
Today's Range
$38.90
$39.38
50-Day Range
$36.98
$41.60
52-Week Range
$36.78
$49.73
Volume
2.10 million shs
Average Volume
2.06 million shs
Market Capitalization
$21.26 billion
P/E Ratio
24.17
Dividend Yield
2.83%
Price Target
$43.71

Hormel Foods MarketRank™ Forecast

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
12.3% Upside
$43.71 Price Target
Short Interest
Bearish
3.72% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
0.76mentions of Hormel Foods in the last 14 days
Based on 12 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

48th out of 123 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.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Hormel Foods Announces 2023 Class of 10 Under 20 Food Heroes
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
/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?
Hormel Feeds The Bears Some More
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
9/22/2023
Fiscal Year End
10/31/2023
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
+11.3%
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
$2.34 per share
Book Value
$14.12 per share

Miscellaneous

Free Float
542,055,000
Market Cap
$21.47 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 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.
View HRL analyst ratings
or view top-rated stocks.

What is Hormel Foods' stock price forecast for 2023?

5 Wall Street 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 anticipate the company's share price to reach $43.71 in the next year. This suggests a possible upside of 11.3% 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 stock has decreased by 13.7% and is now trading at $39.29.
View the best growth stocks for 2023 here
.

Are investors shorting Hormel Foods?

Hormel Foods saw a drop in short interest in August. As of August 15th, there was short interest totaling 10,410,000 shares, a drop of 5.3% from the July 31st total of 10,990,000 shares. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is presently 5.1 days. Currently, 3.6% of the shares of the 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 Wednesday, November 29th 2023.
View our HRL earnings forecast
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) announced its quarterly earnings results on Thursday, August, 31st. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 7.20% and a trailing twelve-month return on equity of 12.20%. The business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $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, 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 yield of 2.80%. 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 2.84%. 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?

Shares of Hormel Foods split before market open on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly created shares were payable 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 earnings per share (EPS) guidance of $1.61-1.67 for the period, compared to the consensus earnings per share 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."

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by many different retail and institutional 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.
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 $39.29.

How much money does Hormel Foods make?

Hormel Foods (NYSE:HRL) has a market capitalization of $21.47 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 9/22/2023 by MarketBeat.com Staff

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