S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ford, Starbucks fall; Clorox, Gilead Sciences rise
How major US stock indexes fared Friday 2/3/2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Zimmer Biomet Beats on Earnings, Growth May be Priced In
Skull found in '97 in remote Alaska belongs to New York man
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ford, Starbucks fall; Clorox, Gilead Sciences rise
How major US stock indexes fared Friday 2/3/2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Zimmer Biomet Beats on Earnings, Growth May be Priced In
Skull found in '97 in remote Alaska belongs to New York man
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ford, Starbucks fall; Clorox, Gilead Sciences rise
How major US stock indexes fared Friday 2/3/2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Zimmer Biomet Beats on Earnings, Growth May be Priced In
Skull found in '97 in remote Alaska belongs to New York man
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
A gold storm is coming… (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ford, Starbucks fall; Clorox, Gilead Sciences rise
How major US stock indexes fared Friday 2/3/2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Zimmer Biomet Beats on Earnings, Growth May be Priced In
Skull found in '97 in remote Alaska belongs to New York man

Hormel Foods - HRL Stock Forecast, Price & News

$45.24
-0.10 (-0.22%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$44.65
$45.50
50-Day Range
$44.46
$49.41
52-Week Range
$44.08
$55.11
Volume
1.37 million shs
Average Volume
1.63 million shs
Market Capitalization
$24.72 billion
P/E Ratio
24.72
Dividend Yield
2.43%
Price Target
$48.17

Hormel Foods MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.5% Upside
$48.17 Price Target
Short Interest
Bearish
3.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
1.52mentions of Hormel Foods in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$1.56 M Sold Last Quarter
Proj. Earnings Growth
6.88%
From $1.89 to $2.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.79 out of 5 stars

Consumer Staples Sector

112th out of 137 stocks

Meat Packing Plants Industry

2nd out of 2 stocks

HRL stock logo

About Hormel Foods (NYSE:HRL) Stock

Hormel Foods Corp. engages in the production of meat and food products. It operates through the following segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. The Grocery Products segment focuses on the processing, marketing, and sale of shelf-stable food products sold in the retail market. The Refrigerated Foods segment is involved in the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products for retail, foodservice, deli, and commercial customers. The Jennie-O Turkey Store segment includes the processing, marketing, and sale of branded and unbranded turkey products for retail, foodservice, and fresh product customers. The International and Other segment manages Hormel Foods International, which manufactures, markets, and sells company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.

Receive HRL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Hormel Foods and its competitors with MarketBeat's FREE daily newsletter.

HRL Stock News Headlines

10 Rules to Find the Best Dividend Stocks for 2023
Just as deciding when to take advantage of 4th and goal, refinancing a home has many opportunities and pitfalls. The reason you might consider a refinance is that you want...
Conagra Upholds the Elasticity of Its Brands (HRL)
Economics 101 ascertains that raising prices tends to drive down demand unless you fall under the elastic principle like alcohol, cigarettes, drugs
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Conagra Brands: Another Reason To Go Long Consumer Staples In 2023 (HRL)
Conagra Brands proves why consumer staples should be on your radar for 2023. The stock is also a value and high yield compared to peers and breaking out .
How to Calculate Dividend Payout Ratio (HRL)
Hormel Foods Call Write
Know Your Profit Potential BEFORE You Trade!
I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! pixel
Consumer-Staple Stocks Lead Market Decline Wednesday
Hormel looking to hire a crew for Planters' Nutmobile
Hormel: A Mini Spam Bubble Becomes Less Expensive
Hormel Foods Surprises Community Nonprofits
Stock Market Sell-Off: Where to Invest $500 Right Now
Want Rising Dividend Income? This Stock Is a Buy
Hormel Foods makes minority investment in Garudafood
We Remain Bullish On Hormel Foods Despite The Selloff
See More Headlines
Receive HRL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Hormel Foods and its competitors with MarketBeat's FREE daily newsletter.

HRL Company Calendar

Ex-Dividend for 11/15 Dividend
10/14/2022
Dividend Payable
11/15/2022
Last Earnings
11/30/2022
Ex-Dividend for 2/15 Dividend
1/13/2023
Today
2/04/2023
Dividend Payable
2/15/2023
Next Earnings (Estimated)
3/07/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Meat packing plants
Sub-Industry
Packaged Foods & Meats
CUSIP
44045210
Employees
20,000
Year Founded
1891

Price Target and Rating

Average Stock Price Forecast
$48.17
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+6.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$999.99 million
Pretax Margin
10.26%

Debt

Sales & Book Value

Annual Sales
$12.46 billion
Cash Flow
$2.31 per share
Book Value
$13.81 per share

Miscellaneous

Free Float
541,998,000
Market Cap
$24.72 billion
Optionable
Optionable
Beta
0.19

Social Links


Key Executives

  • James P. Snee
    Chairman, President & Chief Executive Officer
  • Jacinth C. Smiley
    Chief Financial Officer & Executive Vice President
  • Kevin L. MyersKevin L. Myers
    Senior Vice President-Research & Development
  • Pierre Lilly
    Chief Compliance Officer & Senior Vice President
  • Brian Dean Johnson
    Secretary & Vice President













HRL Stock - Frequently Asked Questions

Should I buy or sell Hormel Foods stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" HRL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HRL, but not buy additional shares or sell existing shares.
View HRL analyst ratings
or view top-rated stocks.

What is Hormel Foods' stock price forecast for 2023?

6 equities research analysts have issued 12 month price objectives for Hormel Foods' stock. Their HRL share price forecasts range from $44.00 to $54.00. On average, they anticipate the company's stock price to reach $48.17 in the next year. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for HRL
or view top-rated stocks among Wall Street analysts.

How have HRL shares performed in 2023?

Hormel Foods' stock was trading at $45.55 at the beginning of 2023. Since then, HRL shares have decreased by 0.7% and is now trading at $45.24.
View the best growth stocks for 2023 here
.

When is Hormel Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our HRL earnings forecast
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) issued its earnings results on Wednesday, November, 30th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.33 billion. Hormel Foods had a net margin of 8.03% and a trailing twelve-month return on equity of 13.62%. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS.
Read the conference call transcript
.

How often does Hormel Foods pay dividends? What is the dividend yield for Hormel Foods?

Hormel Foods announced a quarterly dividend on Monday, November 21st. Investors of record on Tuesday, January 17th will be given a dividend of $0.275 per share on Wednesday, February 15th. This represents a $1.10 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, January 13th. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for HRL
.

Is Hormel Foods a good dividend stock?

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.43%. The company has been increasing its dividend for 57 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRL will have a dividend payout ratio of 54.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRL.

When did Hormel Foods' stock split?

Hormel Foods's stock split before market open 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 market closes on Tuesday, February 9th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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

Hormel Foods issued an update on its FY 2023 earnings guidance on Friday, December, 30th. The company provided EPS guidance of $1.83-$1.93 for the period, compared to the consensus EPS estimate of $2.00. The company issued revenue guidance of $12.60 billion-$12.90 billion, compared to the consensus revenue estimate of $13.01 billion.

What is James P. Snee's approval rating as Hormel Foods' CEO?

104 employees have rated Hormel Foods Chief Executive Officer James P. Snee on Glassdoor.com. James P. Snee has an approval rating of 89% among the company's employees.

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), AbbVie (ABBV), Procter & Gamble (PG), Walmart (WMT), Walt Disney (DIS), Exxon Mobil (XOM), Medtronic (MDT), NVIDIA (NVDA) and PepsiCo (PEP).

What is Hormel Foods' stock symbol?

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

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include ProShare Advisors LLC (0.67%), Sumitomo Mitsui Trust Holdings Inc. (0.20%), Bank of Montreal Can (0.18%), Tobam (0.14%), New York State Common Retirement Fund (0.12%) and DekaBank Deutsche Girozentrale (0.12%). Insiders that own company stock include Christopher J Policinski, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, James M Splinter, James N Sheehan, James P Snee, Jana L Haynes, Kevin L Myers, Lori J Marco, Luis G Marconi, Mark A Coffey, Patrick J Connor, Steven J Lykken, Susan K Nestegard, Swen Neufeldt, Terrell K Crews and Thomas R Day.
View institutional ownership trends
.

How do I buy shares of Hormel Foods?

Shares of HRL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hormel Foods' stock price today?

One share of HRL stock can currently be purchased for approximately $45.24.

How much money does Hormel Foods make?

Hormel Foods (NYSE:HRL) has a market capitalization of $24.72 billion and generates $12.46 billion in revenue each year. The company earns $999.99 million in net income (profit) each year or $1.83 on an earnings per share basis.

How many employees does Hormel Foods have?

The company employs 20,000 workers across the globe.

Does Hormel Foods have any subsidiaries?
The following companies are subsidiares of Hormel Foods: 199 Ventures LLC, Alma Foods LLC, Applegate, Applegate Farms LLC, Applegate Investment Corporation, Arriba Foods Inc., Beijing Hormel Business Management Co. Ltd., Beijing Hormel Foods Co. Ltd., Boca Grande Foods Inc., Burke Corporation, Burke Marketing Corporation, Campoco Inc., Castelmassa Participação S.A., Century Foods International, Century Foods International LLC, Century Foods Land Development LLC, Ceratti, ChampBev Inc., Cidade do Sol Alimentos S.A., Clean Field Comercio de Produtos Alimenticios Ltda., Columbus Manufacturing, Columbus Manufacturing Inc., Creative Contract Packaging LLC, Cultivated Foods LLC, CytoSport, Dan’s Prize Inc., Diamond Crystal Brands, Diversified Foods Insurance Company LLC, Dold Foods LLC, Farmer John, Fontanini Foods LLC, Fontanini Italian Meats and Sausages, HF International Holdings C.V., Hormel (China) Investment Co. Ltd., Hormel Canada Ltd., Hormel Financial Services Corporation, Hormel Foods Asia Pacific Pte. Ltd., Hormel Foods Australia Pty Limited, Hormel Foods Brazil Paricipações Ltda., Hormel Foods Corporate Services LLC, Hormel Foods International Corporation, Hormel Foods Japan KK, Hormel Foods LLC, Hormel Foods México S. de R.L. de C.V., Hormel Foods Sales LLC, Hormel Health Labs LLC, Hormel International Investments LLC, Hormel MM Holding Corporation, Hormel Netherlands B.V., JJOTS LLC, Jennie-O Turkey Store, Jennie-O Turkey Store Inc., Jennie-O Turkey Store International Inc., Jennie-O Turkey Store LLC, Jennie-O Turkey Store Sales LLC, Jiaxing Hormel Foods Co. Ltd., Justin’s, Justin’s LLC, Lloyd's Barbeque, Lloyd’s Barbeque Company LLC, Logistic Service LLC, Mark Lynn Foods Inc., Melting Pot Foods LLC, Mespil Inc., Mexican Accent LLC, Mountain Prairie LLC, Omamori Indústria de Alimentos Ltda., Osceola Food LLC, PT Hormel Garudafood Jaya, Papillion Foods LLC, Pistóia – Participações S.A., Planters, Progressive Processing LLC, Provena Foods Inc., R.N.C. – Participações Ltda., Rochelle Foods LLC, SKIPPY, Saag's Products, Sadler's Smokehouse LLC, Sadler's Smokehouse Ltd, Shanghai Hormel Foods Co. Ltd., Shedd’s Country Crock Business - Unilever, Skippy Foods LLC, Stagg Foods LLC, Talis Distribuidora de Alimentos Ltda., Valley Fresh, Valley Fresh Inc., and West Central Turkeys LLC.
Read More
How can I contact Hormel Foods?

Hormel Foods' mailing address is 1 HORMEL PL, AUSTIN MN, 55912. The official website for the company is www.hormelfoods.com. The company can be reached via phone at (507) 437-5611, via email at ir@hormel.com, or via fax at 507-437-5838.

This page (NYSE:HRL) was last updated on 2/4/2023 by MarketBeat.com Staff