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 13.3% and is now trading at $47.88. 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) released its quarterly earnings results on Thursday, May, 21st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.01. The company earned $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Hormel Foods had a return on equity of 15.38% and a net margin of 9.64%. The business's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. View Hormel Foods' earnings history.

Hormel Foods declared a quarterly dividend on Monday, May 18th. Investors 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 dividend yield of 1.94%. The ex-dividend date 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 issued shares were payable 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.

8 brokers have issued 1-year target prices for Hormel Foods' shares. Their forecasts range from $40.00 to $47.00. On average, they anticipate Hormel Foods' share price to reach $44.00 in the next twelve months. This suggests that the stock has a possible downside of 8.1%. View analysts' price targets for Hormel Foods.

News coverage about HRL stock has trended very negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hormel Foods earned a media sentiment score of -3.8 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutHormel Foods.

Hormel Foods saw a decrease in short interest during 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 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 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 Hain Celestial Group (HAIN). 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 many different 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.

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.

HRL stock was bought 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 $47.88.

Hormel Foods has a market capitalization of $25.75 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]