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NYSE:HRL

Hormel Foods Stock Forecast, Price & News

$42.79
+0.36 (+0.85%)
(As of 12/8/2021 12:00 AM ET)
Add
Compare
Today's Range
$42.26
$43.09
50-Day Range
$40.89
$43.54
52-Week Range
$40.48
$50.86
Volume
2.52 million shs
Average Volume
2.21 million shs
Market Capitalization
$23.22 billion
P/E Ratio
27.08
Dividend Yield
2.31%
Beta
0.03
30 days | 90 days | 365 days | Advanced Chart
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Hormel Foods logo

About Hormel Foods

Hormel Foods Corp. engages in the production of meat and food products. It operates through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. The Grocery Products segment consists primarily of the processing, marketing, and sale of shelf-stable food products sold in the retail market. The Refrigerated Foods segment involves in the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products for retail, foodservice, deli, and commercial customers. The Jennie-O Turkey Store segment includes processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice, and fresh product customers. The International and Other segment comprises Hormel Foods International which manufactures, markets, and sells Company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.

Headlines

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Industry, Sector and Symbol

Industry
Meat packing plants
Sub-Industry
Packaged Foods & Meats
CUSIP
44045210
Employees
19,100
Year Founded
1891

Sales & Book Value

Annual Sales
$9.61 billion
Cash Flow
$2.10 per share
Book Value
$11.91 per share

Profitability

Net Income
$908.08 million
Pretax Margin
10.17%

Debt

Price-To-Earnings

Miscellaneous

Free Float
538,217,000
Market Cap
$23.22 billion
Optionable
Optionable

Company Calendar

Last Earnings
9/01/2021
Ex-Dividend
10/15/2021
Dividend Payable
11/15/2021
Today
12/08/2021
Next Earnings (Confirmed)
12/09/2021
Fiscal Year End
10/31/2022

Social Links


MarketRank

Overall MarketRank

2.50 out of 5 stars

Consumer Staples Sector

53rd out of 184 stocks

Meat Packing Plants Industry

1st out of 3 stocks

Analyst Opinion: 1.0Community Rank: 4.0Dividend Strength: 4.2Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -












Hormel Foods (NYSE:HRL) Frequently Asked Questions

Is Hormel Foods a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Hormel Foods stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HRL, but not buy additional shares or sell existing shares.
View analyst ratings for Hormel Foods
or view top-rated stocks.

How has Hormel Foods' stock price been impacted by Coronavirus?

Hormel Foods' stock was trading at $42.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, HRL shares have increased by 1.2% and is now trading at $42.79.
View which stocks have been most impacted by COVID-19
.

When is Hormel Foods' next earnings date?

Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, December 9th 2021.
View our earnings forecast for Hormel Foods
.

How can I listen to Hormel Foods' earnings call?

Hormel Foods will be holding an earnings conference call on Thursday, December 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) released its quarterly earnings results on Wednesday, September, 1st. The company reported $0.39 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.39. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.73 billion. Hormel Foods had a trailing twelve-month return on equity of 13.54% and a net margin of 8.32%. Hormel Foods's revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS.
View Hormel Foods' earnings history
.

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

Hormel Foods announced a quarterly dividend on Monday, November 22nd. Investors of record on Tuesday, January 18th will be paid a dividend of $0.26 per share on Tuesday, February 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, January 14th. This is a boost from Hormel Foods's previous quarterly dividend of $0.25.
View Hormel Foods' dividend history
.

Is Hormel Foods a good dividend stock?

Hormel Foods pays an annual dividend of $0.98 per share and currently has a dividend yield of 2.31%. Hormel Foods has been increasing its dividend for 55 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Hormel Foods is 62.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 49.49% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.
View Hormel Foods' dividend history.

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

Shares of Hormel Foods split on the morning of 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 Hormel Foods 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 issued an update on its FY 2021 earnings guidance on Thursday, September, 30th. The company provided earnings per share (EPS) guidance of $1.650-$1.690 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.710. The company issued revenue guidance of $11 billion-$11.20 billion, compared to the consensus revenue estimate of $10.89 billion.

What price target have analysts set for HRL?

4 Wall Street analysts have issued 12-month target prices for Hormel Foods' shares. Their forecasts range from $42.00 to $46.00. On average, they anticipate Hormel Foods' stock price to reach $43.33 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price.
View analysts' price targets for Hormel Foods
or view top-rated stocks among Wall Street analysts.

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the following people:
  • James P. Snee, Chairman, President & Chief Executive Officer
  • Jacinth C. Smiley, Chief Financial Officer & Executive Vice President
  • Kevin L. Myers, Senior Vice President-Research & Development
  • Pierre Lilly, Chief Compliance Officer & Senior Vice President
  • Deanna T. Brady, Executive Vice President

What is James P. Snee's approval rating as Hormel Foods' CEO?

104 employees have rated Hormel Foods CEO James P. Snee on Glassdoor.com. James P. Snee has an approval rating of 89% among Hormel Foods' 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.18%), Principal Financial Group Inc. (1.05%), Geode Capital Management LLC (0.98%), Mairs & Power Inc. (0.88%), Invesco Ltd. (0.79%) and California Public Employees Retirement System (0.42%). Company insiders that own Hormel Foods stock include Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, James M Splinter, James N Sheehan, Jana L Haynes, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Patrick J Connor, Steven J Lykken, Susan K Nestegard, Swen Neufeldt, Terrell K Crews and Thomas R Day.
View institutional ownership trends for Hormel Foods
.

Which institutional investors are selling Hormel Foods stock?

HRL stock was sold by a variety of institutional investors in the last quarter, including Unigestion Holding SA, Goldman Sachs Group Inc., American International Group Inc., Royal Bank of Canada, Martingale Asset Management L P, Voloridge Investment Management LLC, Barclays PLC, and Deutsche Bank AG. Company insiders that have sold Hormel Foods company stock in the last year include Elsa A Murano, Gary Jamison, Glenn R Leitch, James N Sheehan, Luis G Marconi, Mark A Coffey, Steven J Lykken, Susan K Nestegard, and Swen Neufeldt.
View insider buying and selling activity for Hormel Foods
or view top insider-selling stocks.

Which institutional investors are buying Hormel Foods stock?

HRL stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Renaissance Technologies LLC, Millennium Management LLC, Balyasny Asset Management LLC, Balyasny Asset Management LLC, Epiq Partners LLC, PEAK6 Investments LLC, and Point72 Asset Management L.P.. Company insiders that have bought Hormel Foods stock in the last two years include Steven J Lykken, and Swen Neufeldt.
View insider buying and selling activity for Hormel Foods
or or view top insider-buying stocks.

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 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 $42.79.

How much money does Hormel Foods make?

Hormel Foods has a market capitalization of $23.22 billion and generates $9.61 billion in revenue each year. The company earns $908.08 million in net income (profit) each year or $1.58 on an earnings per share basis.

How many employees does Hormel Foods have?

Hormel Foods employs 19,100 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.

When was Hormel Foods founded?

Hormel Foods was founded in 1891.

What is Hormel Foods' official website?

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

Where are Hormel Foods' headquarters?

Hormel Foods is headquartered at 1 HORMEL PL, AUSTIN MN, 55912.

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, via email at [email protected], or via fax at 507-437-5838.


This page was last updated on 12/8/2021 by MarketBeat.com Staff

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