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

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

Hormel Foods declared a quarterly dividend on Monday, November 25th. Shareholders 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 yield of 2.00%. The ex-dividend date is Friday, January 10th. This is a boost from Hormel Foods's previous quarterly dividend of $0.21. View Hormel Foods' Dividend History.

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 minted 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.

Hormel Foods Corp (NYSE:HRL) released its quarterly earnings results on Tuesday, November, 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.47. The firm earned $2.50 billion during the quarter, compared to the consensus estimate of $2.51 billion. Hormel Foods had a return on equity of 16.14% and a net margin of 10.31%. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. View Hormel Foods' Earnings History.

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

Hormel Foods issued an update on its FY20 earnings guidance on Tuesday, November, 26th. The company provided EPS guidance of $1.69-1.83 for the period, compared to the Thomson Reuters consensus earnings per share 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.

10 Wall Street analysts have issued 12-month price targets for Hormel Foods' stock. Their forecasts range from $35.00 to $46.00. On average, they anticipate Hormel Foods' share price to reach $40.22 in the next year. This suggests that the stock has a possible downside of 13.4%. View Analyst Price Targets 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.

News articles about HRL stock have been trending somewhat positive this week, InfoTrie reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Hormel Foods earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Hormel Foods.

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

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), Walt Disney (DIS), Lowe's Companies (LOW), Medtronic (MDT), Starbucks (SBUX) and AbbVie (ABBV).

Hormel Foods' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include PGGM Investments (0.04%), Tandem Investment Advisors Inc. (0.04%), State of Alaska Department of Revenue (0.03%), F3Logic LLC (0.01%), DNB Asset Management AS (0.01%) and Coastline Trust Co (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 G Binder, 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 PGGM Investments, State of Alaska Department of Revenue, Carroll Financial Associates Inc., Diversified Trust Co, Honkamp Krueger Financial Services Inc., United Services Automobile Association, IFM Investors Pty Ltd and Coastline Trust Co. 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, Patrick J Connor, Robert Nakasone, Steven J Lykken, Susan K Nestegard, Terrell K Crews and Thomas R Day. View Insider Buying and Selling for Hormel Foods.

HRL stock was purchased by a variety of institutional investors in the last quarter, including Tandem Investment Advisors Inc., DNB Asset Management AS, F3Logic LLC, Townsend & Associates Inc, Trinity Legacy Partners LLC, Legacy Capital Partners Inc., FormulaFolio Investments LLC and Professional Planning. View Insider Buying and Selling 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 $46.45.

Hormel Foods has a market capitalization of $24.84 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.View Additional Information About Hormel Foods.

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