Hormel Foods - HRL Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" HRL shares. 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.
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7 analysts have issued 1-year price targets for Hormel Foods' shares. Their HRL share price forecasts range from $44.00 to $57.00. On average, they expect the company's share price to reach $47.83 in the next year. This suggests that the stock has a possible downside of 5.9%.
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Hormel Foods' stock was trading at $48.81 on January 1st, 2022. Since then, HRL shares have increased by 4.1% and is now trading at $50.82.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our HRL earnings forecast.

Hormel Foods will be holding an earnings conference call on Thursday, September 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Hormel Foods Co. (NYSE:HRL) released its quarterly earnings results on Thursday, June, 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The business earned $3.10 billion during the quarter, compared to analysts' expectations of $3.07 billion. Hormel Foods had a net margin of 7.70% and a trailing twelve-month return on equity of 14.10%. The company's quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share.
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Hormel Foods declared a quarterly dividend on Monday, May 23rd. Shareholders of record on Monday, July 11th will be given a dividend of $0.26 per share on Monday, August 15th. This represents a $1.04 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, July 8th.
Read our dividend analysis for HRL.

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.05%. The company has been increasing its dividend for 56 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRL will have a dividend payout ratio of 50.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRL.

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 market closes on Tuesday, February 9th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Hormel Foods issued an update on its FY 2022 earnings guidance on Thursday, June, 30th. The company provided earnings per share (EPS) guidance of $1.87-$1.97 for the period, compared to the consensus estimate of $1.94. The company issued revenue guidance of $11.70 billion-$12.50 billion, compared to the consensus revenue estimate of $12.41 billion.

104 employees have rated Hormel Foods Chief Executive Officer James P. Snee on Glassdoor.com. James P. Snee has an approval rating of 89% among the company's employees.

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).

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 shareholders include State Street Corp (4.94%), Principal Financial Group Inc. (1.09%), ProShare Advisors LLC (0.58%), Northern Trust Corp (0.58%), Renaissance Technologies LLC (0.54%) and California Public Employees Retirement System (0.40%). Insiders that own company stock include Christopher J Policinski, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, Howse Steve, James M Splinter, James N Sheehan, 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.
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Shares of HRL stock 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.
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One share of HRL stock can currently be purchased for approximately $50.82.

Hormel Foods (NYSE:HRL) has a market capitalization of $27.75 billion and generates $11.39 billion in revenue each year. The company earns $908.84 million in net income (profit) each year or $1.75 on an earnings per share basis.

The company employs 20,000 workers across the globe.

Hormel Foods was founded in 1891.

Hormel Foods' mailing address is 1 HORMEL PL, AUSTIN MN, 55912. The official website for the company is www.hormelfoods.com. The company can be reached via phone at (507) 437-5611, via email at ir@hormel.com, or via fax at 507-437-5838.