NYSE:HRLHormel Foods Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Hormel Foods Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $48.20 +0.23 (+0.48 %) (As of 06/5/2020 03:23 PM ET) Add Compare Share Today's Range$47.50Now: $48.20▼$48.3150-Day Range$45.73MA: $47.80▼$50.5152-Week Range$39.01Now: $48.20▼$51.53Volume47,674 shsAverage Volume2.39 million shsMarket Capitalization$25.98 billionP/E Ratio28.19Dividend Yield1.95%Beta-0.05 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 0.9 Analyst's Opinion Consensus RatingHormel Foods has received a consensus rating of Hold. The company's average rating score is 1.88, and is based on no buy ratings, 7 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $44.00, Hormel Foods has a potential downside of 8.7% from its current price of $48.20.Amount of Analyst CoverageHormel Foods has only been the subject of 4 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesHormel Foods has received 445 “outperform” votes. (Add your “outperform” vote.)Underperform VotesHormel Foods has received 561 “underperform” votes. (Add your “underperform” vote.)Community SentimentHormel Foods has received 55.77% “underperform” votes from our community.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. Previous Next 5.0 Dividend Strength Dividend LeadershipHormel Foods is a leading dividend payer. It pays a dividend yield of 1.95%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthHormel Foods has been increasing its dividend for 53 years.Dividend CoverageThe dividend payout ratio of Hormel Foods is 53.45 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Hormel Foods will have a dividend payout ratio of 51.10 % next year. This indicates that Hormel Foods will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Hormel Foods insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,391,665.00 in company stock.Percentage Held by InsidersOnly 1.15% of the stock of Hormel Foods is held by insiders.Percentage Held by Institutions43.03% of the stock of Hormel Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Hormel Foods are expected to grow by 8.98% in the coming year, from $1.67 to $1.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Hormel Foods is 28.19, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.40.Price to Earnings Ratio vs. SectorThe P/E ratio of Hormel Foods is 28.19, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 36.98.Price to Earnings Growth RatioHormel Foods has a PEG Ratio of 3.81. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioHormel Foods has a P/B Ratio of 4.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.9Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.08 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Meat packing plants Sub-IndustryPackaged Foods & Meats SectorConsumer Staples Current SymbolNYSE:HRL Previous Symbol CUSIP44045210 CIK48465 Webwww.hormelfoods.com Phone507-437-5611Debt Debt-to-Equity Ratio0.01 Current Ratio1.70 Quick Ratio0.91Price-To-Earnings Trailing P/E Ratio28.19 Forward P/E Ratio28.86 P/E Growth3.81 Sales & Book Value Annual Sales$9.50 billion Price / Sales2.74 Cash Flow$2.10 per share Price / Cash Flow22.95 Book Value$11.44 per share Price / Book4.21Profitability EPS (Most Recent Fiscal Year)$1.74 Net Income$978.81 million Net Margins9.64% Return on Equity15.38% Return on Assets11.31%Miscellaneous Employees18,800 Outstanding Shares538,950,000Market Cap$25.98 billion Next Earnings Date8/27/2020 (Estimated) OptionableOptionable HRL Rates by TradingView Receive HRL News and Ratings via Email Sign-up to receive the latest news and ratings for HRL and its competitors with MarketBeat's FREE daily newsletter. Hormel Foods (NYSE:HRL) Frequently Asked Questions How has Hormel Foods' stock been impacted by COVID-19 (Coronavirus)? Hormel Foods' stock was trading at $42.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, HRL stock has increased by 14.0% and is now trading at $48.20. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Hormel Foods? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating and 7 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Hormel Foods. When is Hormel Foods' next earnings date? Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, August 27th 2020. View our earnings forecast for Hormel Foods. How were Hormel Foods' earnings last quarter? Hormel Foods Corp (NYSE:HRL) posted its quarterly earnings results on Thursday, May, 21st. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.01. The business earned $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Hormel Foods had a return on equity of 15.38% and a net margin of 9.64%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. View Hormel Foods' earnings history. How often does Hormel Foods pay dividends? What is the dividend yield for Hormel Foods? Hormel Foods announced a quarterly dividend on Monday, May 18th. Investors of record on Monday, July 13th will be given a dividend of $0.2325 per share on Monday, August 17th. This represents a $0.93 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, July 10th. View Hormel Foods' dividend history. When did Hormel Foods' stock split? How did Hormel Foods' stock split work? Shares of Hormel Foods 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 issued 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. What price target have analysts set for HRL? 8 brokers have issued twelve-month target prices for Hormel Foods' stock. Their forecasts range from $40.00 to $47.00. On average, they expect Hormel Foods' share price to reach $44.00 in the next twelve months. This suggests that the stock has a possible downside of 8.7%. View analysts' price targets for Hormel Foods. Has Hormel Foods been receiving favorable news coverage? Media headlines about HRL stock have been trending very negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hormel Foods earned a news impact score of -3.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the next few days. View the latest news aboutHormel Foods. Are investors shorting Hormel Foods? Hormel Foods saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 28,870,000 shares, a decline of 5.9% from the April 30th total of 30,680,000 shares. Based on an average daily volume of 3,180,000 shares, the days-to-cover ratio is currently 9.1 days. Approximately 10.3% of the shares of the stock are short sold. View Hormel Foods' Current Options Chain. Who are some of Hormel Foods' key competitors? Some companies that are related to Hormel Foods include Mondelez International (MDLZ), General Mills (GIS), Hershey (HSY), Tyson Foods (TSN), MCCORMICK & CO /SH (MKC), Kellogg (K), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Flowers Foods (FLO), Pilgrim's Pride (PPC), Lancaster Colony (LANC), Seaboard (SEB) and Hain Celestial Group (HAIN). View all 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), Walt Disney (DIS), Exxon Mobil (XOM), AbbVie (ABBV), Medtronic (MDT), NVIDIA (NVDA), Walmart (WMT), Mcdonald's (MCD) and Procter & Gamble (PG). Who are Hormel Foods' key executives? Hormel Foods' management team includes the following 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) 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.55%), State Street Corp (5.25%), Capital International Investors (2.51%), Capital Research Global Investors (1.55%), Geode Capital Management LLC (0.86%) and APG Asset Management N.V. (0.78%). Company insiders that own Hormel Foods stock include Dakota A Pippins, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, Howse Steve, James M Splinter, James N Sheehan, James P Snee, Jana L Haynes, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Patrick J Connor, Robert Nakasone, Steven J Lykken, Susan K Nestegard, Terrell K Crews, Thomas R Day and Todd James. 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 Capital Research Global Investors, First Trust Advisors LP, Schroder Investment Management Group, JPMorgan Chase & Co., State Street Corp, Janus Henderson Group PLC, Morgan Stanley, and Morgan Stanley. Company insiders that have sold Hormel Foods company stock in the last year include Deanna T Brady, Elsa A Murano, Glenn R Leitch, Glenn S Forbes, James N Sheehan, Jana L Haynes, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Patrick J Connor, Robert Nakasone, Steven J Lykken, Terrell K Crews, and Thomas R Day. View insider buying and selling activity for Hormel Foods. Which major investors are buying Hormel Foods stock? HRL stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Capital International Investors, APG Asset Management N.V., APG Asset Management N.V., Unigestion Holding SA, Wells Fargo & Company MN, Swiss National Bank, and AJO LP. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is Hormel Foods' stock price today? One share of HRL stock can currently be purchased for approximately $48.20. How big of a company is Hormel Foods? Hormel Foods has a market capitalization of $25.98 billion and generates $9.50 billion in revenue each year. The company earns $978.81 million in net income (profit) each year or $1.74 on an earnings per share basis. Hormel Foods employs 18,800 workers across the globe. What is Hormel Foods' official website? The official website for Hormel Foods is 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] This page was last updated on 6/5/2020 by MarketBeat.com Staff
