NYSE:HRL

Hormel Foods Stock Forecast, Price & News

$46.84
+0.46 (+0.99 %)
(As of 04/16/2021 12:00 AM ET)
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Today's Range
$46.49
Now: $46.84
$46.99
50-Day Range
$46.34
MA: $47.59
$48.69
52-Week Range
$43.45
Now: $46.84
$52.97
Volume1.66 million shs
Average Volume2.62 million shs
Market Capitalization$25.30 billion
P/E Ratio28.05
Dividend Yield2.10%
Beta-0.06
Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four 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 under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, etc. brand names 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.
Hormel Foods logo

Industry, Sector and Symbol

Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
CUSIP44045210
Phone507-437-5611
Employees20,100
Year Founded1891

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.61 billion
Cash Flow$2.20 per share
Book Value$11.91 per share

Profitability

Net Income$908.08 million

Miscellaneous

Market Cap$25.30 billion
Next Earnings Date5/20/2021 (Estimated)
OptionableOptionable

Headlines

HRL December 17th Options Begin Trading
April 15, 2021 |  nasdaq.com
Is HRL Stock A Buy or Sell?
April 14, 2021 |  finance.yahoo.com
Hormel Foods Co. (NYSE:HRL) Director Sells $288,360.00 in Stock
April 7, 2021 |  americanbankingnews.com
Hormel Foods Stock Is Believed To Be Fairly Valued
March 31, 2021 |  finance.yahoo.com
Hormel Foods: A Defensive Business For A Frothy Market
March 29, 2021 |  seekingalpha.com
Hormel Foods Co. to Issue Quarterly Dividend of $0.25 (NYSE:HRL)
March 22, 2021 |  americanbankingnews.com
KHC Mar 2021 30.000 call
March 22, 2021 |  sg.finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.87 out of 5 stars

Consumer Staples Sector

38th out of 301 stocks

Meat Packing Plants Industry

1st out of 6 stocks

Analyst Opinion: 0.9Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
$46.84
+0.46 (+0.99 %)
(As of 04/16/2021 12:00 AM ET)
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Hormel Foods (NYSE:HRL) Frequently Asked Questions

Is Hormel Foods a buy right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Hormel Foods stock. 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 analyst ratings for Hormel Foods
or view top-rated stocks.

What stocks does MarketBeat like better than Hormel Foods?

Wall Street analysts have given Hormel Foods a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Hormel Foods wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Hormel Foods' next earnings date?

Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, May 20th 2021.
View our earnings forecast for Hormel Foods
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) posted its quarterly earnings data on Wednesday, February, 17th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.01. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.38 billion. Hormel Foods had a trailing twelve-month return on equity of 14.55% and a net margin of 9.45%. During the same period in the prior year, the business posted $0.45 EPS.
View Hormel Foods' earnings history
.

How has Hormel Foods' stock been impacted by COVID-19 (Coronavirus)?

Hormel Foods' stock was trading at $42.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, HRL shares have increased by 11.0% and is now trading at $46.92.
View which stocks have been most impacted by COVID-19
.

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

Hormel Foods announced a quarterly dividend on Monday, March 22nd. Shareholders of record on Monday, April 12th will be paid a dividend of $0.245 per share on Monday, May 17th. This represents a $0.98 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, April 9th.
View Hormel Foods' dividend history
.

Is Hormel Foods a good dividend stock?

Hormel Foods pays an annual dividend of $0.98 per share and currently has a dividend yield of 2.10%. Hormel Foods has been increasing its dividend for 53 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Hormel Foods is 59.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 52.97% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.
View Hormel Foods' dividend history.

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

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 distributed to shareholders after the closing bell 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 guidance has Hormel Foods issued on next quarter's earnings?

Hormel Foods issued an update on its FY 2021 Pre-Market earnings guidance on Thursday, February, 18th. The company provided earnings per share guidance of 1.70-1.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.73. The company issued revenue guidance of $9.7-10.3 billion, compared to the consensus revenue estimate of $9.96 billion.

What price target have analysts set for HRL?

6 analysts have issued 12 month price targets for Hormel Foods' shares. Their forecasts range from $40.00 to $56.00. On average, they anticipate Hormel Foods' share price to reach $46.40 in the next year. This suggests that the stock has a possible downside of 1.1%.
View analysts' price targets for Hormel Foods
or view top-rated stocks among Wall Street analysts.

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the following people:
  • Mr. James P. Snee, Chairman, Pres & CEO (Age 54, Pay $6.59M) (LinkedIn Profile)
  • Mr. James N. Sheehan, Exec. VP & CFO (Age 66, Pay $1.83M) (LinkedIn Profile)
  • Ms. Lori J. Marco, Sr. VP of External Affairs & Gen. Counsel (Age 54, Pay $1.24M) (LinkedIn Profile)
  • Ms. Deanna T. Brady, Exec. VP of Refrigerated Foods (Age 56, Pay $1.36M) (LinkedIn Profile)
  • Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 61, Pay $1.77M)
  • Mr. Nathan P. Annis, Director of Investor Relations
  • Mr. Pierre M. Lilly, Sr. VP & Chief Compliance Officer (LinkedIn Profile)
  • Ms. Wendy A. Watkins, VP of Corp. Communications
  • Mr. Fred D. Halvin, VP of Corp. Devel.
  • Ms. Janet L. Hogan, Sr. VP of HR (Age 57) (LinkedIn Profile)

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

104 employees have rated Hormel Foods CEO James P. Snee on Glassdoor.com. James P. Snee has an approval rating of 89% among Hormel Foods' employees.

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), AbbVie (ABBV), The Procter & Gamble (PG), Walmart (WMT), The 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 many different institutional and retail investors. Top institutional investors include Liberty One Investment Management LLC (0.06%), Tandem Investment Advisors Inc. (0.05%), State of Alaska Department of Revenue (0.03%), Autus Asset Management LLC (0.03%), Hexavest Inc. (0.02%) and Royal London Asset Management Ltd. (0.02%). Company insiders that own Hormel Foods stock include Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, Howse Steve, James M Splinter, 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, Susan K Nestegard, Swen Neufeldt, 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 Liberty One Investment Management LLC, Hexavest Inc., State of Alaska Department of Revenue, Crossmark Global Holdings Inc., Retirement Systems of Alabama, Carroll Financial Associates Inc., First Midwest Bank Trust Division, and Albert D Mason Inc.. Company insiders that have sold Hormel Foods company stock in the last year include Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, James M Splinter, James N Sheehan, Lori J Marco, Luis G Marconi, Susan K Nestegard, Swen Neufeldt, and Terrell K Crews.
View insider buying and selling activity for Hormel Foods
or view top insider-selling stocks.

Which major investors are buying Hormel Foods stock?

HRL stock was acquired by a variety of institutional investors in the last quarter, including Autus Asset Management LLC, Tandem Investment Advisors Inc., Everence Capital Management Inc., G&S Capital LLC, Royal London Asset Management Ltd., Genesee Capital Advisors LLC, Townsend & Associates Inc, and CX Institutional. Company insiders that have bought Hormel Foods stock in the last two years include Steven J Lykken, Swen Neufeldt, and Todd James.
View insider buying and selling activity for Hormel Foods
or or view top insider-buying stocks.

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 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 $46.92.

How much money does Hormel Foods make?

Hormel Foods has a market capitalization of $25.34 billion and generates $9.61 billion in revenue each year. The company earns $908.08 million in net income (profit) each year or $1.66 on an earnings per share basis.

How many employees does Hormel Foods have?

Hormel Foods employs 20,100 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.

When was Hormel Foods founded?

Hormel Foods was founded in 1891.

What is Hormel Foods' official website?

The official website for Hormel Foods is www.hormelfoods.com.

Where are Hormel Foods' headquarters?

Hormel Foods is headquartered at 1 HORMEL PL, AUSTIN MN, 55912.

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 4/16/2021 by MarketBeat.com Staff
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