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

$44.90
-0.45 (-0.99 %)
(As of 12/16/2019 04:54 AM ET)
Today's Range
$44.85
Now: $44.90
$45.57
50-Day Range
$40.39
MA: $42.94
$45.58
52-Week Range
$37.00
Now: $44.90
$45.84
Volume1.84 million shs
Average Volume2.61 million shs
Market Capitalization$24.01 billion
P/E Ratio25.80
Dividend Yield1.85%
Beta0.08
Hormel 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, 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. Read More…

Industry, Sector and Symbol

Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
CUSIP44045210
Phone507-437-5611

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.50 billion
Cash Flow$2.06 per share
Book Value$11.08 per share

Profitability

Net Income$978.81 million

Miscellaneous

Employees20,100
Market Cap$24.01 billion
Next Earnings Date2/20/2020 (Estimated)
OptionableOptionable

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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, November 25th. Stockholders of record on Monday, January 13th will be paid a dividend of $0.2325 per share on Tuesday, February 18th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, January 10th. This is a positive change from Hormel Foods's previous quarterly dividend of $0.21. View Hormel Foods' Dividend History.

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

Hormel Foods's stock split on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly minted shares were payable 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) posted its quarterly earnings results on Tuesday, November, 26th. The company reported $0.47 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.47. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.51 billion. Hormel Foods had a net margin of 10.31% and a return on equity of 16.14%. The business's revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. View Hormel Foods' Earnings History.

When is Hormel Foods' next earnings date?

Hormel Foods is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Hormel Foods.

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

Hormel Foods updated its FY20 earnings guidance on Tuesday, November, 26th. The company provided earnings per share (EPS) guidance of $1.69-1.83 for the period, compared to the Thomson Reuters consensus estimate of $1.77. The company issued revenue guidance of $9.50-10.3 billion, compared to the consensus revenue estimate of $9.70 billion.

What price target have analysts set for HRL?

10 analysts have issued 1 year price targets for Hormel Foods' shares. Their forecasts range from $35.00 to $46.00. On average, they anticipate Hormel Foods' share price to reach $40.22 in the next twelve months. This suggests that the stock has a possible downside of 10.4%. 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 3 sell ratings, 6 hold ratings and 1 buy rating 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. According to Zacks Investment Research, "Hormel Foods’ shares have outpaced the industry in the past three months. The company is gaining on solid advertising, innovation and synergies from the buyouts of Columbus, Fontanini and Ceratti. Further, continued strength in its Refrigerated Foods segment has been aiding Hormel Foods. During the fourth quarter of fiscal 2019, Refrigerated Foods benefited from value-added growth, effective pricing and innovation. However, results were affected by the Grocery Products unit’s dismal show, which was hit by CytoSport’s divestiture. Moreover, the International unit was hurt by soft pork exports and input cost inflation. Hormel Foods continues to battle input cost headwinds stemming from the African swine fever and global trade volatility. Also, the company expects elevated protein prices for fiscal 2020." (11/27/2019)
  • 2. Jefferies Financial Group Inc analysts commented, "HRL reported 1Q19 EPS of $0.44 which was 2c (or 4%) above our estimate & in line with consensus. Lower corporate expenses drove the beat relative to our estimates. FY19 guidance was maintained and implies a significant acceleration in segment EBIT for the remainder of the year. Management commentary points to RF, GP and International profit trends being in line or higher than expected while JOTS is trending below. 1Q19 operating results were in line with consensus and 3% above our estimate. 1Q sales came in ~$46M or ~2% below our estimate and $32M or ~1% below consensus. The sales miss was driven primarily by a lesser extent Grocery Products. EBIT beat our estimate by $8M or 3% but was in line with consensus. The EBIT beat at the segment level was primarily driven by lower corporate expense, while segment EBIT was generally in line with our estimate." (2/21/2019)

Has Hormel Foods been receiving favorable news coverage?

News articles about HRL stock have been trending negative on Monday, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hormel Foods earned a daily sentiment score of -2.8 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Hormel Foods.

Who are some of Hormel Foods' key 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 AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Mcdonald's (MCD), Procter & Gamble (PG), Medtronic (MDT), Starbucks (SBUX), AbbVie (ABBV), CVS Health (CVS) and Walt Disney (DIS).

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the folowing people:
  • Mr. James P. Snee, Chairman, Pres & CEO (Age 52)
  • Mr. James N. Sheehan, Exec. VP & CFO (Age 64)
  • Mr. Thomas R. Day, Exec. VP of Refrigerated Foods (Age 61)
  • Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 59)
  • Mr. James M. Splinter, Group VP of Corp. Strategy (Age 57)

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (5.44%), California Public Employees Retirement System (0.46%), Unigestion Holding SA (0.26%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), First Trust Advisors LP (0.23%) and Fairpointe Capital LLC (0.17%). 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, Robert Nakasone, Steven G Binder, Steven J Lykken, Susan K Nestegard, 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 Robeco Institutional Asset Management B.V., Unigestion Holding SA, Fairpointe Capital LLC, Nomura Holdings Inc., Assenagon Asset Management S.A., First Allied Advisory Services Inc., Andra AP fonden and Envestnet Asset Management Inc.. Company insiders that have sold Hormel Foods company stock in the last year include Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, James N Sheehan, James P Snee, Jana L Haynes, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Robert Nakasone, Steven J Lykken, Susan K Nestegard, Terrell K Crews and Thomas R Day. View Insider Buying and Selling 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 Man Group plc, State Street Corp, California Public Employees Retirement System, Voloridge Investment Management LLC, State of New Jersey Common Pension Fund D, Parametric Portfolio Associates LLC, QV Investors Inc. and CWM LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Hormel Foods' stock price today?

One share of HRL stock can currently be purchased for approximately $44.90.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $24.01 billion and generates $9.50 billion in revenue each year. The company earns $978.81 million in net income (profit) each year or $1.74 on an earnings per share basis. Hormel Foods employs 20,100 workers across the globe.View Additional Information About Hormel Foods.

What is Hormel Foods' official website?

The official website for Hormel Foods is http://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]


MarketBeat Community Rating for Hormel Foods (NYSE HRL)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  411 (Vote Outperform)
Underperform Votes:  519 (Vote Underperform)
Total Votes:  930
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 12/16/2019 by MarketBeat.com Staff

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