NYSE:HRLHormel Foods Stock Price, Forecast & News

$45.60

-0.13 (-0.28 %)

(As of 05/27/2020 11:05 AM ET)

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Today's Range

$44.90

Now: $45.60▼

$45.81

50-Day Range

$46.01

MA: $47.72▼

$50.51

52-Week Range

$38.44

Now: $45.60▼

$51.53

Volume737,660 shs

Average Volume2.36 million shs

Market Capitalization$24.52 billion

P/E Ratio26.67

Dividend Yield1.98%

Beta-0.06

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products. The company also provides turkey products; nutritional food products and supplements; dessert and drink mixes; and industrial gelatin products. It sells its products through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

Beat the Market (BTM) Rank^™

0.9 Analyst's Opinion

Consensus Rating
Hormel Foods has received a consensus rating of Hold. The company's average rating score is 1.88, and is based on no buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $44.00, Hormel Foods has a potential downside of 3.3% from its current price of $45.49.
Amount of Analyst Coverage
Hormel Foods has only been the subject of 4 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Hormel Foods has received 445 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Hormel Foods has received 561 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Hormel Foods has received 55.77% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Hormel Foods and other stocks. Vote “Outperform” if you believe HRL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe HRL will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Hormel Foods is a leading dividend payer. It pays a dividend yield of 1.98%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Hormel Foods has been increasing its dividend for 53 years.
Dividend Coverage
The dividend payout ratio of Hormel Foods is 53.45 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 50.27 % next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hormel Foods insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,391,665.00 in company stock.
Percentage Held by Insiders
Only 1.15% of the stock of Hormel Foods is held by insiders.
Percentage Held by Institutions
43.03% of the stock of Hormel Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Hormel Foods are expected to grow by 6.32% in the coming year, from $1.74 to $1.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hormel Foods is 26.60, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hormel Foods is 26.60, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 36.32.
Price to Earnings Growth Ratio
Hormel Foods has a PEG Ratio of 4.42. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Hormel Foods has a P/B Ratio of 3.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.08 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Meat packing plants

Sub-IndustryPackaged Foods & Meats

SectorConsumer Staples

Current SymbolNYSE:HRL

Previous Symbol

CUSIP44045210

CIK48465

Webwww.hormelfoods.com

Phone507-437-5611

Debt

Debt-to-Equity Ratio0.01

Current Ratio1.70

Quick Ratio0.91

Price-To-Earnings

Trailing P/E Ratio26.67

Forward P/E Ratio26.21

P/E Growth4.42

Sales & Book Value

Annual Sales$9.50 billion

Price / Sales2.58

Cash Flow$2.02 per share

Price / Cash Flow22.60

Book Value$11.47 per share

Price / Book3.98

Profitability

EPS (Most Recent Fiscal Year)$1.74

Net Income$978.81 million

Net Margins9.64%

Return on Equity15.38%

Return on Assets11.31%

Miscellaneous

Employees18,800

Outstanding Shares537,780,000

Market Cap$24.52 billion

Next Earnings Date8/27/2020 (Estimated)

OptionableOptionable

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Hormel Foods (NYSE:HRL) Frequently Asked Questions

How has Hormel Foods' stock been impacted by COVID-19 (Coronavirus)?

Hormel Foods' stock was trading at $42.27 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, HRL shares have increased by 7.6% and is now trading at $45.4850. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Hormel Foods?

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

When is Hormel Foods' next earnings date?

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

How were Hormel Foods' earnings last quarter?

Hormel Foods Corp (NYSE:HRL) posted its quarterly earnings results on Thursday, May, 21st. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by $0.01. The firm 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%. Hormel Foods's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. View Hormel Foods' earnings history.

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

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 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, July 10th. View Hormel Foods' dividend history.

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

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 issued shares were issued to shareholders after the market closes 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 price target have analysts set for HRL?

8 brokerages have issued 12-month price targets for Hormel Foods' shares. Their forecasts range from $40.00 to $47.00. On average, they anticipate Hormel Foods' stock price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 3.3%. View analysts' price targets for Hormel Foods.

Has Hormel Foods been receiving favorable news coverage?

News stories about HRL stock have been trending somewhat negative on Wednesday, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news 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 media sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutHormel Foods.

Are investors shorting Hormel Foods?

Hormel Foods saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 28,870,000 shares, a decline of 5.9% from the April 30th total of 30,680,000 shares. Based on an average daily trading volume, of 3,180,000 shares, the days-to-cover ratio is presently 9.1 days. Approximately 10.3% of the company's shares are short sold. View Hormel Foods' Current Options Chain.

Who are some of Hormel Foods' key competitors?

Some companies that are related to Hormel Foods include Mondelez International (MDLZ), General Mills (GIS), Hershey (HSY), MCCORMICK & CO /SH (MKC), Tyson Foods (TSN), Kellogg (K), 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). View all competitors.

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), Walt Disney (DIS), Exxon Mobil (XOM), AbbVie (ABBV), Medtronic (MDT), NVIDIA (NVDA), Walmart (WMT), Mcdonald's (MCD) and Procter & Gamble (PG).

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the following people:

Mr. James P. Snee, Chairman, Pres & CEO (Age 52)
Mr. James N. Sheehan, Exec. VP & CFO (Age 64)
Mr. Thomas R. Day, Exec. VP of Refrigerated Foods (Age 61)
Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 59)
Mr. James M. Splinter, Group VP of Corp. Strategy (Age 57)

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 investors include BlackRock Inc. (5.55%), State Street Corp (5.25%), Capital International Investors (2.51%), Capital Research Global Investors (1.55%), Geode Capital Management LLC (0.86%) and APG Asset Management N.V. (0.78%). 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.

Which institutional investors are selling Hormel Foods stock?

HRL stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, First Trust Advisors LP, Schroder Investment Management Group, JPMorgan Chase & Co., State Street Corp, Janus Henderson Group PLC, Morgan Stanley, and Morgan Stanley. 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, Luis G Marconi, Patrick J Connor, Robert Nakasone, Steven J Lykken, Terrell K Crews, and Thomas R Day. View insider buying and selling activity for Hormel Foods.

Which institutional investors are buying Hormel Foods stock?

HRL stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Capital International Investors, APG Asset Management N.V., APG Asset Management N.V., Unigestion Holding SA, Wells Fargo & Company MN, Swiss National Bank, and AJO LP. View insider buying and selling activity for Hormel Foods.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Hormel Foods' stock price today?

One share of HRL stock can currently be purchased for approximately $45.49.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $24.46 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.

What is Hormel Foods' official website?

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

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 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff