NYSE:HRLHormel Foods Stock Price, Forecast & News

Hormel Foods' stock was trading at $42.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, HRL stock has increased by 13.7% and is now trading at $48.08. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating and 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Hormel Foods.

Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, August 27th 2020. View our earnings forecast for Hormel Foods.

Hormel Foods Corp (NYSE:HRL) issued its quarterly earnings data on Thursday, May, 21st. The company reported $0.42 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.43 by $0.01. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. Hormel Foods had a return on equity of 15.38% and a net margin of 9.64%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. View Hormel Foods' earnings history.

Hormel Foods declared a quarterly dividend on Monday, May 18th. Stockholders of record on Monday, July 13th will be given a dividend of $0.2325 per share on Monday, August 17th. This represents a $0.93 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Friday, July 10th. View Hormel Foods' dividend history.

Shares of Hormel Foods split on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly issued shares were distributed to shareholders after the closing bell 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.

7 brokers have issued 12 month price objectives for Hormel Foods' stock. Their forecasts range from $40.00 to $47.00. On average, they expect Hormel Foods' stock price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 8.5%. View analysts' price targets for Hormel Foods.

Press coverage about HRL stock has been trending negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Hormel Foods earned a coverage optimism score of -2.8 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 7.0 out of 10, indicating that recent media coverage is likely to have an effect on the company's share price in the next several days. View the latest news about Hormel Foods.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Hormel Foods investors own include Johnson & Johnson (JNJ), AT&T (T), Walt Disney (DIS), Exxon Mobil (XOM), AbbVie (ABBV), Medtronic (MDT), NVIDIA (NVDA), Walmart (WMT), Mcdonald's (MCD) and Procter & Gamble (PG).

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

Hormel Foods' stock is owned by a number of retail and institutional investors. Top institutional investors include Cox Capital Mgt LLC (0.01%). 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, Terrell K Crews, Thomas R Day and Todd James. View institutional ownership trends for Hormel Foods.

HRL stock was sold by a variety of institutional investors in the last quarter, including Cox Capital Mgt LLC. Company insiders that have sold Hormel Foods company stock in the last year include Deanna T Brady, Elsa A Murano, Glenn R Leitch, Glenn S Forbes, James M Splinter, Jana L Haynes, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Patrick J Connor, Robert Nakasone, Steven J Lykken, Susan K Nestegard, Terrell K Crews, and Thomas R Day. View insider buying and selling activity for 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.

One share of HRL stock can currently be purchased for approximately $48.08.

Hormel Foods has a market capitalization of $25.91 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 18,800 workers across the globe.

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

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]