SALE EXTENDED
MarketBeat All Access
Start your 30-day free trial,
then continue your subscription for 50% off.
TODAY ONLY!
Claim Your Discount
×
S&P 500   3,744.52
DOW   29,926.94
QQQ   279.76
Free Webinar | October 11: How to Break Barriers
Live Updates: Russia-Ukraine War
Don’t Chase American Virtual Cloud Technologies Higher
Box Inc. Stock on Track to Become a Q4 Winner
Is Ford's Revenue Enough to Juice its Stock Price?
Sweden seizes evidence at Baltic Sea pipeline leak site
US futures retreat on strong hiring, more jobs data on tap
S&P 500   3,744.52
DOW   29,926.94
QQQ   279.76
Free Webinar | October 11: How to Break Barriers
Live Updates: Russia-Ukraine War
Don’t Chase American Virtual Cloud Technologies Higher
Box Inc. Stock on Track to Become a Q4 Winner
Is Ford's Revenue Enough to Juice its Stock Price?
Sweden seizes evidence at Baltic Sea pipeline leak site
US futures retreat on strong hiring, more jobs data on tap
S&P 500   3,744.52
DOW   29,926.94
QQQ   279.76
Free Webinar | October 11: How to Break Barriers
Live Updates: Russia-Ukraine War
Don’t Chase American Virtual Cloud Technologies Higher
Box Inc. Stock on Track to Become a Q4 Winner
Is Ford's Revenue Enough to Juice its Stock Price?
Sweden seizes evidence at Baltic Sea pipeline leak site
US futures retreat on strong hiring, more jobs data on tap
S&P 500   3,744.52
DOW   29,926.94
QQQ   279.76
Free Webinar | October 11: How to Break Barriers
Live Updates: Russia-Ukraine War
Don’t Chase American Virtual Cloud Technologies Higher
Box Inc. Stock on Track to Become a Q4 Winner
Is Ford's Revenue Enough to Juice its Stock Price?
Sweden seizes evidence at Baltic Sea pipeline leak site
US futures retreat on strong hiring, more jobs data on tap
NYSE:HRL

Hormel Foods - HRL Stock Forecast, Price & News

$44.91
-1.40 (-3.02%)
(As of 10/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$44.85
$46.20
50-Day Range
$44.91
$51.45
52-Week Range
$41.25
$55.11
Volume
2.33 million shs
Average Volume
1.84 million shs
Market Capitalization
$24.53 billion
P/E Ratio
24.54
Dividend Yield
2.25%
Price Target
$48.00

Hormel Foods MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.9% Upside
$48.00 Price Target
Short Interest
Healthy
3.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
0.33mentions of Hormel Foods in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$236,000 Sold Last Quarter
Proj. Earnings Growth
10.50%
From $1.81 to $2.00 Per Share

Overall MarketRank

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

1.78 out of 5 stars

Consumer Staples Sector

115th out of 145 stocks

Meat Packing Plants Industry

1st out of 2 stocks

HRL stock logo

About Hormel Foods (NYSE:HRL) Stock

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, 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 provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, 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.

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

Tyson Foods Takes a Lickin’ and Keeps on Tickin’ Lower (HRL)
Global meat and poultry products producer Tyson Foods (NYSE: TSN) stock has been in a nine week losing streak falling (-24%) for the year.
General Mills: Superior Returns With Less Volatility (HRL)
General Mills reported better-than-expected margin and raised its guidance contrary to a trend put in place by FedEx and Ford, and it pays a healthy dividend.
MarketBeat: Week in Review 9/5 – 9/9 (HRL)
The recent rally in stocks could change when the CPI comes out next week. While we wait, here are some of this week's most popular articles from MarketBeat
Hormel Foods Provides Food for Hurricane Ian Relief Efforts
Hormel Stock, A Steady Eddie Grower, Rising Again
Take Action with Justin's for Hunger Action Month
Hormel Foods (HRL) Q3 Earnings and Revenues Miss Estimates
Hormel Foods Corp Q3 Earnings Summary
Hormel Foods Q3 Preview: Can Shares Stay Hot?
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 8/15 Dividend
7/08/2022
Dividend Payable
8/15/2022
Last Earnings
9/01/2022
Today
10/07/2022
Ex-Dividend for 11/15 Dividend
10/14/2022
Fiscal Year End
10/31/2022
Dividend Payable
11/15/2022
Next Earnings (Estimated)
12/08/2022

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
$48.00
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+6.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$908.84 million
Pretax Margin
10.08%

Debt

Sales & Book Value

Annual Sales
$11.39 billion
Cash Flow
$2.07 per share
Book Value
$12.86 per share

Miscellaneous

Free Float
541,938,000
Market Cap
$24.53 billion
Optionable
Optionable
Beta
0.18

Social Links


Key Executives

  • Mr. James P. Snee (Age 55)
    Chairman, Pres & CEO
    Comp: $6.05M
  • Ms. Jacinth C. Smiley (Age 53)
    Exec. VP & CFO
    Comp: $728.38k
  • Ms. Lori J. MarcoMs. Lori J. Marco (Age 55)
    Sr. VP of External Affairs & Gen. Counsel
    Comp: $1.11M
  • Ms. Deanna T. BradyMs. Deanna T. Brady (Age 57)
    Exec. VP of Refrigerated Foods
    Comp: $1.38M
  • David W. Dahlstrom
    Director of Investor Relations
  • Mr. Pierre M. Lilly (Age 51)
    Sr. VP & Chief Compliance Officer
  • Ms. Wendy A. Watkins (Age 56)
    Sr. VP & Chief Communications Officer
  • Ms. Janet L. Hogan (Age 58)
    Sr. VP of HR
  • Mr. Patrick J. Connor (Age 53)
    Group VP & Pres of Consumer Products Sales
  • Mr. Patrick J. Schwab
    VP & Sr. VP of Consumer Products Sales













HRL Stock - Frequently Asked Questions

Should I buy or sell Hormel Foods stock right now?

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.
View HRL analyst ratings
or view top-rated stocks.

What is Hormel Foods' stock price forecast for 2022?

7 analysts have issued 12 month price targets for Hormel Foods' stock. Their HRL share price forecasts range from $44.00 to $53.00. On average, they anticipate the company's stock price to reach $48.00 in the next twelve months. This suggests a possible upside of 6.9% 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 2022?

Hormel Foods' stock was trading at $48.81 at the beginning of 2022. Since then, HRL shares have decreased by 8.0% and is now trading at $44.91.
View the best growth stocks for 2022 here
.

When is Hormel Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our HRL earnings forecast
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) issued its quarterly earnings data on Thursday, September, 1st. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by $0.01. The firm earned $3.03 billion during the quarter, compared to the consensus estimate of $3 billion. Hormel Foods had a trailing twelve-month return on equity of 13.92% and a net margin of 7.93%. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS.
Read the conference call transcript
.

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

Hormel Foods declared a quarterly dividend on Monday, September 26th. Shareholders of record on Monday, October 17th will be paid a dividend of $0.26 per share on Tuesday, November 15th. This represents a $1.04 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, October 14th.
Read our dividend analysis for HRL
.

Is Hormel Foods a good dividend stock?

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.25%. 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 52.00% 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 distributed 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 2022 earnings guidance on Thursday, September, 29th. The company provided earnings per share (EPS) guidance of $1.78-$1.85 for the period, compared to the consensus earnings per share estimate of $1.88. The company issued revenue guidance of $12.20 billion-$12.80 billion, compared to the consensus revenue estimate of $12.45 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 many different institutional and retail investors. Top institutional shareholders include Curbstone Financial Management Corp (0.01%), AdvisorNet Financial Inc (0.00%), Wedmont Private Capital (0.00%) and Symmetry Partners LLC (0.00%). Insiders that own company stock include Christopher J Policinski, 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, Mark A Coffey, Patrick J Connor, Steven J Lykken, Susan K Nestegard, Swen Neufeldt, Terrell K Crews, Thomas R Day and Todd James.
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 $44.91.

How much money does Hormel Foods make?

Hormel Foods (NYSE:HRL) has a market capitalization of $24.53 billion and generates $11.39 billion in revenue each year. The company earns $908.84 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 10/7/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.