NYSE:HRL

Hormel Foods Stock Forecast, Price & News

$47.14

-0.10 (-0.21 %)

(As of 12/4/2020 11:44 AM ET)

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Today's Range

$46.93

Now: $47.14▼

$47.53

50-Day Range

$46.87

MA: $49.51▼

$52.51

52-Week Range

$39.01

Now: $47.14▼

$52.97

Volume10,601 shs

Average Volume2.28 million shs

Market Capitalization$25.44 billion

P/E Ratio28.23

Dividend Yield1.98%

Beta-0.04

Hormel Foods Corporation produces and markets various meat 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 offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, 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 under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Wholly, Hormel, Black Label, Columbus, etc. brand names 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 headquartered in Austin, Minnesota.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Hormel Foods has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $46.83, Hormel Foods has a forecasted downside of 0.5% from its current price of $47.06.
Amount of Analyst Coverage
Hormel Foods has only been the subject of 3 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Hormel Foods has received 446 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Hormel Foods has received 564 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Hormel Foods has received 55.84% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Yield
Hormel Foods pays a meaningful dividend of 1.98%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Hormel Foods has been increasing its dividend for 52 years.
Dividend Coverage
The dividend payout ratio of Hormel Foods is 56.02%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 50.27% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hormel Foods insiders have sold 910.04% more of their company's stock than they have bought. Specifically, they have bought $332,376.00 in company stock and sold $3,357,121.00 in company stock.
Percentage Held by Insiders
Only 1.15% of the stock of Hormel Foods is held by insiders.
Percentage Held by Institutions
41.29% of the stock of Hormel Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Hormel Foods are expected to grow by 4.52% in the coming year, from $1.77 to $1.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hormel Foods is 28.18, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hormel Foods is 28.18, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 39.64.
Price to Earnings Growth Ratio
Hormel Foods has a PEG Ratio of 3.47. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Hormel Foods has a P/B Ratio of 3.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.89 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Meat packing plants

Sub-IndustryPackaged Foods & Meats

SectorConsumer Staples

Current SymbolNYSE:HRL

Previous Symbol

CUSIP44045210

CIK48465

Webwww.hormelfoods.com

Phone507-437-5611

Employees18,800

Debt

Debt-to-Equity Ratio0.16

Current Ratio2.38

Quick Ratio1.70

Price-To-Earnings

Trailing P/E Ratio28.23

Forward P/E Ratio26.63

P/E Growth3.47

Sales & Book Value

Annual Sales$9.61 billion

Price / Sales2.65

Cash Flow$2.08 per share

Price / Cash Flow22.71

Book Value$11.92 per share

Price / Book3.95

Profitability

EPS (Most Recent Fiscal Year)$1.66

Net Income$978.81 million

Net Margins9.45%

Return on Equity14.55%

Return on Assets10.04%

Miscellaneous

Outstanding Shares539,608,000

Market Cap$25.44 billion

Next Earnings Date2/18/2021 (Estimated)

OptionableOptionable

$47.14

-0.10 (-0.21 %)

(As of 12/4/2020 11:44 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Hormel Foods (NYSE:HRL) Frequently Asked Questions

How has Hormel Foods' stock been impacted by Coronavirus (COVID-19)?

Hormel Foods' stock was trading at $42.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HRL stock has increased by 11.8% and is now trading at $47.24.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Hormel Foods?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Hormel Foods or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Hormel Foods?

Wall Street analysts have given Hormel Foods a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Hormel Foods wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Hormel Foods' next earnings date?

Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Hormel Foods.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) announced its earnings results on Monday, November, 23rd. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by $0.01. Hormel Foods had a return on equity of 14.55% and a net margin of 9.45%. During the same quarter in the previous year, the business earned $0.47 EPS.
View Hormel Foods' earnings history.

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

Hormel Foods declared a quarterly dividend on Monday, November 23rd. Shareholders of record on Monday, January 11th will be paid a dividend of $0.245 per share on Tuesday, February 16th. This represents a $0.98 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, January 8th. This is a boost from Hormel Foods's previous quarterly dividend of $0.23.
View Hormel Foods' dividend history.

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

Hormel Foods shares 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 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.

What price target have analysts set for HRL?

8 analysts have issued 12 month target prices for Hormel Foods' stock. Their forecasts range from $44.00 to $56.00. On average, they expect Hormel Foods' share price to reach $46.83 in the next year. This suggests that the stock has a possible downside of 0.9%.
View analysts' price targets for Hormel Foods.

Who are some of Hormel Foods' key competitors?

Some companies that are related to Hormel Foods include Mondelez International (MDLZ), General Mills (GIS), The Hershey (HSY), Tyson Foods (TSN), McCormick & Company, Incorporated (MKC), Kellogg (K), Conagra Brands (CAG), Campbell Soup (CPB), The J. M. Smucker (SJM), Post (POST), Pilgrim's Pride (PPC), Flowers Foods (FLO), Lancaster Colony (LANC), Seaboard (SEB) and The Hain Celestial Group (HAIN).
View all competitors.

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), The Procter & Gamble (PG), Walmart (WMT), The Walt Disney (DIS), Exxon Mobil (XOM), Medtronic (MDT), NVIDIA (NVDA) and PepsiCo (PEP).

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the following people:

Mr. James P. Snee, Chairman, Pres & CEO (Age 53, Pay $4.43M)
Mr. James N. Sheehan, Exec. VP & CFO (Age 65, Pay $1.42M)
Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 60, Pay $1.37M)
Mr. Nathan P. Annis, Director of Investor Relations
Ms. Lori J. Marco, Sr. VP of External Affairs & Gen. Counsel (Age 53)
Mr. Pierre Lilly, Sr. VP & Chief Compliance Officer of Worldwide Operations.
Ms. Wendy A. Watkins, VP of Corp. Communications
Mr. Fred D. Halvin, VP of Corp. Devel.
Ms. Janet L. Hogan, Sr. VP of HR (Age 56)
Ms. Deanna T. Brady, Exec. VP of Refrigerated Foods (Age 55)

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (5.67%), State Street Corp (4.88%), Principal Financial Group Inc. (0.79%), AQR Capital Management LLC (0.68%), UBS Asset Management Americas Inc. (0.49%) and Wells Fargo & Company MN (0.48%). Company insiders that own Hormel Foods stock include Dakota A Pippins, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, Howse Steve, James M Splinter, James N Sheehan, James P Snee, Jana L Haynes, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Patrick J Connor, Robert Nakasone, Steven J Lykken, Susan K Nestegard, Swen Neufeldt, Terrell K Crews, Thomas R Day and Todd James.
View institutional ownership trends for Hormel Foods.

Which major investors are selling Hormel Foods stock?

HRL stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., UBS Asset Management Americas Inc., Natixis, Voloridge Investment Management LLC, US Bancorp DE, WINTON GROUP Ltd, Charles Schwab Investment Management Inc., and Paloma Partners Management Co. Company insiders that have sold Hormel Foods company stock in the last year include Deanna T Brady, Elsa A Murano, Glenn R Leitch, James M Splinter, Jana L Haynes, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Patrick J Connor, Steven J Lykken, Susan K Nestegard, Swen Neufeldt, Terrell K Crews, and Thomas R Day.
View insider buying and selling activity for Hormel Foods.

Which major investors are buying Hormel Foods stock?

HRL stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Wells Fargo & Company MN, New York State Common Retirement Fund, DekaBank Deutsche Girozentrale, JPMorgan Chase & Co., First Trust Advisors LP, ProShare Advisors LLC, and Acadian Asset Management LLC. Company insiders that have bought Hormel Foods stock in the last two years include Steven J Lykken, Swen Neufeldt, and Todd James.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Hormel Foods' stock price today?

One share of HRL stock can currently be purchased for approximately $47.24.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $25.49 billion and generates $9.61 billion in revenue each year. The company earns $978.81 million in net income (profit) each year or $1.66 on an earnings per share basis. Hormel Foods employs 18,800 workers across the globe.

What is Hormel Foods' official website?

The official website for Hormel Foods is www.hormelfoods.com.

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]

This page was last updated on 12/4/2020 by MarketBeat.com Staff

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