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

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$42.84 -0.65 (-1.49 %)
(As of 01/16/2019 04:00 PM ET)
Previous Close$43.49
Today's Range$42.76 - $43.68
52-Week Range$31.71 - $46.26
Volume3.29 million shs
Average Volume3.30 million shs
Market Capitalization$22.83 billion
P/E Ratio22.67
Dividend Yield1.73%
Beta0.23
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.

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Industry, Sector and Symbol

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

Debt

Current Ratio1.80
Quick Ratio0.95

Price-To-Earnings

Sales & Book Value

Annual Sales$9.55 billion
Price / Sales2.40
Cash Flow$2.2727 per share
Price / Cash Flow18.85
Book Value$10.51 per share
Price / Book4.08

Profitability

Net Income$1.01 billion
Net Margins10.60%
Return on Assets12.17%

Miscellaneous

Employees20,100
Market Cap$22.83 billion
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. Shareholders 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 1.96%. The ex-dividend date 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 shares split on the morning of Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly created shares were distributed 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 Tuesday, November, 20th. The company reported $0.51 EPS for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.02. The business earned $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. Hormel Foods had a return on equity of 18.01% and a net margin of 10.60%. The company's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. 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, February 28th 2019. View Earnings Estimates for Hormel Foods.

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

Hormel Foods updated its FY19 earnings guidance on Tuesday, November, 20th. The company provided EPS guidance of $1.77-1.91 for the period, compared to the Thomson Reuters consensus estimate of $1.84. The company issued revenue guidance of $9.7-10.2 billion, compared to the consensus revenue estimate of $9.88 billion.Hormel Foods also updated its FY 2019 guidance to $1.77-1.91 EPS.

What price target have analysts set for HRL?

10 brokers have issued 12 month target prices 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 year. This suggests that the stock has a possible downside of 5.2%. 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. 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)
  • 2. Jefferies Financial Group Inc analysts commented, "3Q RF segment results & outlook validate our materially less pessimistic view on commodity pork processor margins. However, these positives were offset by continuing weak results in JOTS and weaker than expected international results, which we view as transitory headwinds. LT we continue to see HRL as a core holding owing to 1) strong mgmt.; 2) potential turn in turkey cycle; and 3) M&A optionality." (8/29/2018)

Has Hormel Foods been receiving favorable news coverage?

News stories about HRL stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Hormel Foods earned a coverage optimism score of -1.2 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the near term.

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. Thomas R. Day, Exec. VP of Refrigerated Foods (Age 60)
  • Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 58)
  • Ms. Jana L. Haynes, VP, Controller & Principal Accounting Officer (Age 46)

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by many different of institutional and retail investors. Top institutional shareholders include USS Investment Management Ltd (0.16%), Scout Investments Inc. (0.06%), Palisade Asset Management LLC (0.06%), Contravisory Investment Management Inc. (0.02%), State of Alaska Department of Revenue (0.02%) and Dorsey Wright & Associates (0.01%). 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 institutional investors are selling Hormel Foods stock?

HRL stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Carroll Financial Associates Inc., DNB Asset Management AS, Louisiana State Employees Retirement System, Coastline Trust Co, Contravisory Investment Management Inc., Gateway Investment Advisers LLC and Beacon Financial Group. 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 institutional investors are buying Hormel Foods stock?

HRL stock was purchased by a variety of institutional investors in the last quarter, including USS Investment Management Ltd, Dorsey Wright & Associates, QUANTRES ASSET MANAGEMENT Ltd, Palisade Asset Management LLC, State of Alaska Department of Revenue, Townsend & Associates Inc, Clarus Wealth Advisors and Arlington Partners LLC. 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 $42.84.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $22.83 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:  356 (Vote Outperform)
Underperform Votes:  449 (Vote Underperform)
Total Votes:  805
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 1/16/2019 by MarketBeat.com Staff

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