Hormel Foods Stock Forecast, Price & 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 6.2% and is now trading at $44.87.
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8 Wall Street research 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. 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.
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Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Hormel Foods.

Hormel Foods Co. (NYSE:HRL) posted its quarterly earnings results on Monday, November, 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.60 billion. Hormel Foods had a net margin of 9.45% and a return on equity of 14.55%. During the same period in the prior year, the company posted $0.47 EPS.
View Hormel Foods' earnings history.

Hormel Foods declared a quarterly dividend on Monday, November 23rd. Shareholders of record on Monday, January 11th will be given a dividend of $0.245 per share on Tuesday, February 16th. This represents a $0.98 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, January 8th. This is a positive change from Hormel Foods's previous quarterly dividend of $0.23.
View Hormel Foods' dividend history.

Hormel Foods pays an annual dividend of $0.98 per share and currently has a dividend yield of 2.18%. Hormel Foods has been increasing its dividend for 53 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Hormel Foods is 59.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 52.97% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.
View Hormel Foods' dividend history.

Hormel Foods shares split on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly minted shares were issued 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.

8 Wall Street analysts have issued 12 month target prices for Hormel Foods' shares. Their forecasts range from $44.00 to $56.00. On average, they anticipate Hormel Foods' share price to reach $46.83 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
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Some companies that are related to Hormel Foods include Mondelez International (MDLZ), General Mills (GIS), The Hershey (HSY), McCormick & Company, Incorporated (MKC), Tyson Foods (TSN), Kellogg (K), Conagra Brands (CAG), Campbell Soup (CPB), The J. M. Smucker (SJM), Post (POST), Lancaster Colony (LANC), Flowers Foods (FLO), Pilgrim's Pride (PPC), The Hain Celestial Group (HAIN) and Seaboard (SEB).
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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), The Procter & Gamble (PG), Walmart (WMT), The 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 a variety of institutional and retail investors. Top institutional investors include Tandem Investment Advisors Inc. (0.05%), State of Alaska Department of Revenue (0.03%), Hexavest Inc. (0.03%), Crossmark Global Holdings Inc. (0.01%), Cox Capital Mgt LLC (0.01%) and Curbstone Financial Management Corp (0.01%). Company insiders that own Hormel Foods stock include 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 J Lykken, Susan K Nestegard, Swen Neufeldt, 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 Hexavest Inc., State of Alaska Department of Revenue, Crossmark Global Holdings Inc., Sowell Financial Services LLC, Curbstone Financial Management Corp, Pinnacle Financial Partners Inc., NuWave Investment Management LLC, and Carlson Capital Management. Company insiders that have sold Hormel Foods company stock in the last year include Deanna T Brady, Elsa A Murano, Glenn R Leitch, James M Splinter, Jana L Haynes, Lori J Marco, Luis G Marconi, Steven J Lykken, Susan K Nestegard, Swen Neufeldt, Terrell K Crews, and Thomas R Day.
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HRL stock was purchased by a variety of institutional investors in the last quarter, including Tandem Investment Advisors Inc., IFM Investors Pty Ltd, Louisiana State Employees Retirement System, Kovack Advisors Inc., Cox Capital Mgt LLC, and CX Institutional. Company insiders that have bought Hormel Foods stock in the last two years include Steven J Lykken, Swen Neufeldt, and Todd James.
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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.

One share of HRL stock can currently be purchased for approximately $44.87.

Hormel Foods has a market capitalization of $24.23 billion and generates $9.61 billion in revenue each year. The company earns $908.08 million in net income (profit) each year or $1.66 on an earnings per share basis. Hormel Foods employs 19,100 workers across the globe.

The official website for Hormel Foods is 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]