Hormel Foods Stock Forecast, Price & 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 17.4% and is now trading at $49.61.
View which stocks have been most impacted by COVID-19.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 7 hold ratings and 1 buy rating 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 Tuesday, November 24th 2020.
View our earnings forecast for Hormel Foods.

Hormel Foods Co. (NYSE:HRL) posted its quarterly earnings results on Tuesday, August, 25th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The company earned $2.38 billion during the quarter, compared to the consensus estimate of $2.38 billion. Hormel Foods had a net margin of 9.59% and a return on equity of 15.20%. The firm's revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS.
View Hormel Foods' earnings history.

Hormel Foods announced a quarterly dividend on Tuesday, September 29th. Stockholders of record on Monday, October 19th will be paid a dividend of $0.2325 per share on Monday, November 16th. This represents a $0.93 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, October 16th.
View Hormel Foods' dividend history.

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 created 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.

8 Wall Street analysts have issued twelve-month price targets for Hormel Foods' stock. Their forecasts range from $43.00 to $56.00. On average, they expect Hormel Foods' stock price to reach $46.67 in the next year. This suggests that the stock has a possible downside of 5.9%.
View analysts' price targets for Hormel Foods.

Some companies that are related to Hormel Foods include Mondelez International (MDLZ), General Mills (GIS), The Hershey (HSY), McCormick & Company, Incorporated (MKC), Kellogg (K), Tyson Foods (TSN), Conagra Brands (CAG), Campbell Soup (CPB), The J. M. Smucker (SJM), Post (POST), Flowers Foods (FLO), Lancaster Colony (LANC), Pilgrim's Pride (PPC), Seaboard (SEB) and The 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), AbbVie (ABBV), The Procter & Gamble (PG), Walmart (WMT), The Walt Disney (DIS), Exxon Mobil (XOM), Medtronic (MDT), NVIDIA (NVDA) and PepsiCo (PEP).

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

Hormel Foods' stock is owned by many different institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.14%), AMG National Trust Bank (0.11%), Raub Brock Capital Management LP (0.08%), CWM LLC (0.08%), Hexavest Inc. (0.04%) and Tandem Investment Advisors Inc. (0.04%). 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.

HRL stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Hexavest Inc., Assenagon Asset Management S.A., Sigma Investment Counselors Inc., CWM LLC, Redpoint Investment Management Pty Ltd, Envestnet Asset Management Inc., and Denali Advisors LLC. 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.

HRL stock was purchased by a variety of institutional investors in the last quarter, including Tandem Investment Advisors Inc., Avantax Advisory Services Inc., Gyroscope Capital Management Group LLC, Hendley & Co. Inc., NuWave Investment Management LLC, DNB Asset Management AS, IFM Investors Pty Ltd, and Harel Insurance Investments & Financial Services Ltd..
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 $49.61.

Hormel Foods has a market capitalization of $26.77 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 18,700 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]