NYSE:HRLHormel Foods Stock Price, Forecast & News

Hormel Foods' stock was trading at $42.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HRL stock has increased by 8.1% and is now trading at $45.71. View which stocks have been most impacted by Coronavirus.

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.

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

Hormel Foods Corp (NYSE:HRL) posted its quarterly earnings data on Thursday, May, 21st. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.43 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Hormel Foods had a net margin of 9.64% and a return on equity of 15.38%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. View Hormel Foods' earnings history.

Hormel Foods declared a quarterly dividend on Monday, May 18th. Shareholders of record on Monday, July 13th will be paid 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 2.03%. The ex-dividend date of this dividend is Friday, July 10th. 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 analysts have issued 1 year price objectives for Hormel Foods' shares. Their forecasts range from $40.00 to $47.00. On average, they expect Hormel Foods' stock price to reach $44.00 in the next twelve months. This suggests that the stock has a possible downside of 3.7%. View analysts' price targets for Hormel Foods.

News articles about HRL stock have trended negative on Tuesday, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. 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 media sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutHormel Foods.

Hormel Foods saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 28,870,000 shares, a decrease 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 short-interest ratio is currently 9.1 days. Approximately 10.3% of the shares of the company are sold short. View Hormel Foods' Current Options Chain.

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 Sanderson Farms (SAFM). View all competitors.

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).

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

Hormel Foods' stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.

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 US Bancorp DE. 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.

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.

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 $45.71.

Hormel Foods has a market capitalization of $24.58 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.

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]