Hormel Foods - HRL Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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.
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7 analysts have issued 12 month target prices for Hormel Foods' shares. Their HRL share price forecasts range from $44.00 to $53.00. On average, they predict the company's stock price to reach $48.00 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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Hormel Foods' stock was trading at $48.81 at the start of the year. Since then, HRL stock has decreased by 1.6% and is now trading at $48.04.
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Hormel Foods saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 9,050,000 shares, a drop of 8.5% from the October 31st total of 9,890,000 shares. Based on an average trading volume of 1,680,000 shares, the short-interest ratio is presently 5.4 days. Currently, 3.1% of the company's shares are sold short.
View Hormel Foods' Short Interest.

Hormel Foods Co. (NYSE:HRL) announced its quarterly earnings results on Wednesday, November, 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.33 billion. Hormel Foods had a trailing twelve-month return on equity of 13.62% and a net margin of 8.03%. The firm's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS.
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Hormel Foods declared a quarterly dividend on Monday, November 21st. Shareholders 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 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, January 13th. This is a boost from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for HRL.

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.22%. The company has been increasing its dividend for 56 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 56.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRL will have a dividend payout ratio of 51.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRL.

Hormel Foods's stock split on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly issued 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.

Hormel Foods issued an update on its FY 2023 earnings guidance on Wednesday, November, 30th. The company provided EPS guidance of $1.83-$1.93 for the period, compared to the consensus earnings per share 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.

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.

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).

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 Vanguard Group Inc. (6.42%), BlackRock Inc. (5.40%), State Street Corp (5.03%), ProShare Advisors LLC (0.62%), Renaissance Technologies LLC (0.43%) and Bank of New York Mellon Corp (0.40%). 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, Jana L Haynes, Kevin L Myers, Larry L Vorpahl, 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.
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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.
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One share of HRL stock can currently be purchased for approximately $48.04.

Hormel Foods (NYSE:HRL) has a market capitalization of $26.24 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.

The company employs 20,000 workers across the globe.

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.