NYSE:HRL - Hormel Foods Stock Price, News, & Analysis

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$42.57 +0.58 (+1.38 %)
(As of 02/22/2019 01:55 PM ET)
Previous Close$41.99
Today's Range$41.05 - $42.72
52-Week Range$31.83 - $46.26
Volume3.18 million shs
Average Volume2.75 million shs
Market Capitalization$22.76 billion
P/E Ratio22.52
Dividend Yield1.95%
Beta0.19
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, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, 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 headquartered in Austin, Minnesota.

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Industry, Sector and Symbol

Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
CUSIP44045210
Phone507-437-5611

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.55 billion
Cash Flow$2.2358 per share
Book Value$10.51 per share

Profitability

Net Income$1.01 billion

Miscellaneous

Employees20,100
Market Cap$22.76 billion
Next Earnings Date5/23/2019 (Estimated)
OptionableOptionable

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, November 19th. Investors of record on Monday, January 14th will be given a dividend of $0.21 per share on Friday, February 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Friday, January 11th. This is an increase from Hormel Foods's previous quarterly dividend of $0.19. View Hormel Foods' Dividend History.

When did Hormel Foods' stock split? How did Hormel Foods' stock split work?

Hormel Foods's stock split on 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) issued its quarterly earnings results on Thursday, February, 21st. The company reported $0.44 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.44. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.40 billion. Hormel Foods had a return on equity of 18.01% and a net margin of 10.60%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.56 earnings per share. View Hormel Foods' Earnings History.

When is Hormel Foods' next earnings date?

Hormel Foods is scheduled to release their next quarterly earnings announcement on Thursday, May 23rd 2019. View Earnings Estimates for Hormel Foods.

What guidance has Hormel Foods issued on next quarter's earnings?

Hormel Foods issued an update on its FY19 earnings guidance on Thursday, February, 21st. The company provided EPS guidance of $1.77-1.99 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.83. The company issued revenue guidance of $9.7-10.2 billion, compared to the consensus revenue estimate of $9.83 billion.Hormel Foods also updated its FY 2019 guidance to $1.77-1.91 EPS.

What price target have analysts set for HRL?

10 equities research analysts have issued 12-month price objectives for Hormel Foods' shares. Their forecasts range from $33.00 to $50.00. On average, they expect Hormel Foods' stock price to reach $40.6250 in the next twelve months. This suggests that the stock has a possible downside of 4.7%. View Analyst Price Targets for Hormel Foods.

What is the consensus analysts' recommendation for Hormel Foods?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 2 sell ratings, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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, "HRL reported 1Q19 EPS of $0.44 which was 2c (or 4%) above our estimate & in line with consensus. Lower corporate expenses drove the beat relative to our estimates. FY19 guidance was maintained and implies a significant acceleration in segment EBIT for the remainder of the year. Management commentary points to RF, GP and International profit trends being in line or higher than expected while JOTS is trending below. 1Q19 operating results were in line with consensus and 3% above our estimate. 1Q sales came in ~$46M or ~2% below our estimate and $32M or ~1% below consensus. The sales miss was driven primarily by a lesser extent Grocery Products. EBIT beat our estimate by $8M or 3% but was in line with consensus. The EBIT beat at the segment level was primarily driven by lower corporate expense, while segment EBIT was generally in line with our estimate." (2/21/2019)
  • 2. According to Zacks Investment Research, "Tariffs on pork have made things tough for Hormel Foods, which saw its fresh pork export volumes suffer during third-quarter fiscal 2018. The company expects risks related to tariffs to remain a hurdle for fresh pork exports. Also, weakness in the pork commodity market compelled management to trim its sales view. Moreover, Hormel Foods continues to struggle with high freight costs, which are likely to linger. Persistence of such headwinds are likely to eclipse the company’s price performance, which has outpaced the industry in the past three months. Notably, the company’s advertisement investments are yielding, evident from improvements in brands like Skippy and Natural Choice among others. Also, recent buyouts of Columbus Craft, Fontanini, and Ceratti are set to continue driving sales. These factors encouraged Hormel Foods to retain its earnings view despite freight woes, adverse currency movements and volatile commodity prices." (11/13/2018)

Has Hormel Foods been receiving favorable news coverage?

Media headlines about HRL stock have been trending somewhat positive this week, InfoTrie reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hormel Foods earned a daily sentiment score of 1.0 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the near future.

Are investors shorting Hormel Foods?

Hormel Foods saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 34,707,165 shares, an increase of 9.5% from the December 31st total of 31,703,445 shares. Based on an average trading volume of 3,298,599 shares, the days-to-cover ratio is currently 10.5 days. Approximately 12.6% of the shares of the stock are sold short. View Hormel Foods' Current Options Chain.

Who are some of Hormel Foods' key competitors?

What other stocks do shareholders of Hormel Foods own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hormel Foods investors own include Johnson & Johnson (JNJ), AT&T (T), Procter & Gamble (PG), Exxon Mobil (XOM), Mcdonald's (MCD), Starbucks (SBUX), Ford Motor (F), The Coca-Cola (KO), Walt Disney (DIS) and Walmart (WMT).

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the folowing people:
  • Mr. James P. Snee, Chairman, Pres & CEO (Age 52)
  • Mr. James N. Sheehan, Exec. VP & CFO (Age 64)
  • Mr. Thomas R. Day, Exec. VP of Refrigerated Foods (Age 61)
  • Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 59)
  • Mr. James M. Splinter, Group VP of Corp. Strategy (Age 57)

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.40%), Mairs & Power INC (1.12%), Oregon Public Employees Retirement Fund (0.81%), Geode Capital Management LLC (0.79%), Victory Capital Management Inc. (0.74%) and APG Asset Management N.V. (0.67%). Company insiders that own Hormel Foods stock include 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, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Paul Peter Dipasquale, Robert George Atkinson, Robert Nakasone, Steven G Binder, Steven J Lykken, Susan K Nestegard, Terrell K Crews and Thomas R Day. View Institutional Ownership Trends for Hormel Foods.

Which major investors are selling Hormel Foods stock?

HRL stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Victory Capital Management Inc., Mairs & Power INC, First Trust Advisors LP, Assenagon Asset Management S.A., New York State Common Retirement Fund, Nicholas Company Inc. and Amundi Pioneer Asset Management Inc.. Company insiders that have sold Hormel Foods company stock in the last year include Dakota A Pippins, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, James M Splinter, James N Sheehan, James P Snee, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Robert Nakasone, Steven G Binder, Steven J Lykken, Susan K Nestegard, Terrell K Crews and Thomas R Day. View Insider Buying and Selling for Hormel Foods.

Which major investors are buying Hormel Foods stock?

HRL stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, BlackRock Inc., APG Asset Management N.V., Geode Capital Management LLC, California Public Employees Retirement System, Unigestion Holding SA, American International Group Inc. and Great West Life Assurance Co. Can. 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 $42.61.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $22.78 billion and generates $9.55 billion in revenue each year. The company earns $1.01 billion in net income (profit) each year or $1.89 on an earnings per share basis. Hormel Foods employs 20,100 workers across the globe.

What is Hormel Foods' official website?

The official website for Hormel Foods is http://www.hormelfoods.com.

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 (NYSE HRL)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  360 (Vote Outperform)
Underperform Votes:  454 (Vote Underperform)
Total Votes:  814
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.
This page was last updated on 2/22/2019 by MarketBeat.com Staff

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