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

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 6.4% and is now trading at $44.96. View which stocks have been mosted impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 2 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.

Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for Hormel Foods.

Hormel Foods Corp (NYSE:HRL) announced its quarterly earnings data on Thursday, February, 20th. The company reported $0.45 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.46 by $0.01. The business earned $2.38 billion during the quarter, compared to the consensus estimate of $2.37 billion. Hormel Foods had a net margin of 10.30% and a return on equity of 15.90%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.44 EPS. View Hormel Foods' earnings history.

Hormel Foods declared a quarterly dividend on Monday, March 23rd. Stockholders of record on Monday, April 13th will be paid a dividend of $0.2325 per share on Friday, May 15th. This represents a $0.93 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, April 9th. View Hormel Foods' dividend history.

Hormel Foods's stock split before market open on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly issued 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.

Hormel Foods issued an update on its FY20 earnings guidance on Thursday, February, 20th. 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 $9.5-10.3 billion, compared to the consensus revenue estimate of $9.70 billion.

9 brokers 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 $40.88 in the next twelve months. This suggests that the stock has a possible downside of 9.1%. View analysts' price targets for Hormel Foods.

Press coverage about HRL stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Hormel Foods earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutHormel Foods.

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

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), Medtronic (MDT), AbbVie (ABBV), Walt Disney (DIS), Ford Motor (F), Procter & Gamble (PG), Lowe's Companies (LOW) and Mcdonald's (MCD).

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

Hormel Foods' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (5.38%), Capital Research Global Investors (2.65%), Capital International Investors (2.06%), Mairs & Power INC (1.01%), Geode Capital Management LLC (0.85%) and Principal Financial Group Inc. (0.83%). 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 Champlain Investment Partners LLC, Janus Henderson Group PLC, PGGM Investments, State Street Corp, Marshall Wace LLP, New York State Common Retirement Fund, Marshall Wace North America L.P., and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. 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 N Sheehan, Jana L Haynes, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Patrick J Connor, Robert Nakasone, Steven J Lykken, 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 Norges Bank, AQR Capital Management LLC, Renaissance Technologies LLC, Credit Suisse AG, Polaris Greystone Financial Group LLC, National Pension Service, Stifel Financial Corp, and Schroder Investment Management Group. 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 $44.96.

Hormel Foods has a market capitalization of $24.18 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]