About Hormel Foods (NYSE:HRL)
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, Specialty Foods, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products, such as canned luncheon meats, peanut butter, chilies, shelf-stable microwaveable meals, hash, 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 based in Austin, Minnesota.
Industry, Sector and Symbol
Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
SymbolNYSE:HRL
CUSIP44045210
Phone507-437-5611
Debt
Debt-to-Equity Ratio0.12
Current Ratio1.61
Quick Ratio0.73
Price-To-Earnings
Trailing P/E Ratio22.73
Forward P/E Ratio20.15
P/E Growth2.2
Sales & Book Value
Annual Sales$9.17 billion
Price / Sales2.06
Cash Flow$1.8134 per share
Price / Cash19.67
Book Value$9.36 per share
Price / Book3.81
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$846.73 million
Net Margins10.05%
Return on Equity17.44%
Return on Assets12.04%
Miscellaneous
Employees20,200
Outstanding Shares530,510,000
Hormel Foods (NYSE:HRL) Frequently Asked Questions
What is Hormel Foods' stock symbol?
Hormel Foods trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRL."
How often does Hormel Foods pay dividends? What is the dividend yield for Hormel Foods?
Hormel Foods declared a quarterly dividend on Monday, May 21st. Shareholders of record on Monday, July 16th will be given a dividend of $0.1875 per share on Wednesday, August 15th. This represents a $0.75 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, July 13th. View Hormel Foods' Dividend History.
When did Hormel Foods' stock split? How did Hormel Foods' stock split work?
Hormel Foods's stock split on the morning of Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly minted 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.
How were Hormel Foods' earnings last quarter?
Hormel Foods Corp (NYSE:HRL) released its quarterly earnings results on Thursday, May, 24th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by $0.01. The firm earned $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion. Hormel Foods had a net margin of 10.05% and a return on equity of 17.44%. The company's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. View Hormel Foods' Earnings History.
When is Hormel Foods' next earnings date?
What guidance has Hormel Foods issued on next quarter's earnings?
Hormel Foods updated its FY18 earnings guidance on Thursday, May, 24th. The company provided EPS guidance of $1.81-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.86. The company issued revenue guidance of $9.70-10.10, compared to the consensus revenue estimate of $9.73 billion.
What price target have analysts set for HRL?
10 analysts have issued 1 year target prices for Hormel Foods' shares. Their predictions range from $26.00 to $42.00. On average, they anticipate Hormel Foods' share price to reach $35.5556 in the next twelve months. View Analyst Ratings for Hormel Foods.
What are Wall Street analysts saying about Hormel Foods stock?
Here are some recent quotes from research analysts about Hormel Foods stock:
- 1. Jefferies Financial Group Inc analysts commented, "The 2Q results and outlook for Refrigerated Foods validated our materially less pessimistic view on commodity pork processor margins. But this was offset by sales declines in Muscle Milk and contract manufacturing as well as higher freight costs, all of which are transitory headwinds but likely to persist for the next few quarters. Reasons to own HRL: 1) strong management; 2) potential turn in turkey cycle; 3) 4) solid base business growth. We are updating our estimates. Our 2018 EPS estimate is decreasing from $1.87 to $1.82, which compares to management guidance of $1.81 to $1.95 (m/p $1.88) and consensus of $1.86. Our revised estimates primarily reflect the 2Q miss and lower EBIT margin assumptions (12.3% vs. 12.8% previously), partially offset by a lower tax rate assumption (now at 17.6% vs. 19.0% previously)." (5/31/2018)
- 2. According to Zacks Investment Research, "Over the past month, Hormel Foods' shares have outperformed the industry. In second-quarter fiscal 2018, the company’s adjusted earnings and revenues improved 12.8% and 6.5%, respectively, on a year-over-year basis. The company is strengthening its product portfolio on the back of several innovation investments. Moreover, sturdier demand for on-trend brands and ongoing marketing moves will likely drive its revenues and profitability in the upcoming quarters. Hormel Foods also expects that successful integration of the latest acquisitions and reduced corporate taxes will continue to strengthen its competency, going forward." (5/30/2018)
Who are some of Hormel Foods' key competitors?
Who are Hormel Foods' key executives?
Hormel Foods' management team includes the folowing people:
- Mr. James P. Snee, Chairman, Pres & CEO (Age 51)
- Mr. James N. Sheehan, Sr. VP & CFO (Age 63)
- Mr. Steven G. Binder, Exec. VP & Pres of Hormel Bus. Units (Age 61)
- Mr. Thomas R. Day, Exec. VP of Refrigerated Foods (Age 60)
- Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 58)
Has Hormel Foods been receiving favorable news coverage?
Media stories about HRL stock have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hormel Foods earned a coverage optimism score of 0.18 on Accern's scale. They also assigned press coverage about the company an impact score of 45.04 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Hormel Foods' major shareholders?
Hormel Foods' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.81%), Valueinvest Asset Management S.A. (1.21%), Champlain Investment Partners LLC (0.79%), Northern Trust Corp (0.63%), Victory Capital Management Inc. (0.57%) and Westwood Holdings Group Inc. (0.51%). Company insiders that own Hormel Foods stock include Brian Dean Johnson, Dakota A Pippins, Deanna T Brady, Donald H Kremin, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, James M Splinter, James N Sheehan, James P Snee, John L Morrison, Larry L Vorpahl, Luis G Marconi, Mark A Coffey, Paul Peter Dipasquale, Robert George Atkinson, Robert Nakasone, Steven G Binder, Terrell K Crews and Thomas R Day. 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 Wells Fargo & Company MN, EULAV Asset Management, BlackRock Inc., Valueinvest Asset Management S.A., Envestnet Asset Management Inc., Swiss National Bank, Ontario Teachers Pension Plan Board and BNP Paribas Arbitrage SA. Company insiders that have sold Hormel Foods company stock in the last year include Dakota A Pippins, Donald H Kremin, Elsa A Murano, Gary Jamison, Glenn S Forbes, James M Splinter, James N Sheehan, James P Snee, John L Morrison, Larry L Vorpahl, Luis G Marconi, Mark A Coffey, Robert Nakasone, Steven G Binder, Terrell K Crews and Thomas R Day. View Insider Buying and Selling 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 Ceredex Value Advisors LLC, WBI Investments Inc., Schwab Charles Investment Management Inc., Victory Capital Management Inc., Champlain Investment Partners LLC, Carillon Tower Advisers Inc., Guggenheim Capital LLC and Nicola Wealth Management LTD.. Company insiders that have bought Hormel Foods stock in the last two years include Paul Peter Dipasquale and Robert George Atkinson. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Hormel Foods' stock price today?
One share of HRL stock can currently be purchased for approximately $35.67.
How big of a company is Hormel Foods?
Hormel Foods has a market capitalization of $19.33 billion and generates $9.17 billion in revenue each year. The company earns $846.73 million in net income (profit) each year or $1.57 on an earnings per share basis. Hormel Foods employs 20,200 workers across the globe.
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]
MarketBeat Community Rating for Hormel Foods (HRL)
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.
