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NYSE:HRL

Hormel Foods - HRL Stock Forecast, Price & News

$49.61
-0.24 (-0.48%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$49.48
$50.31
50-Day Range
$44.69
$49.86
52-Week Range
$40.48
$55.11
Volume
1.05 million shs
Average Volume
1.88 million shs
Market Capitalization
$27.09 billion
P/E Ratio
28.35
Dividend Yield
2.09%
Price Target
$47.83

Hormel Foods MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.6% Downside
$47.83 Price Target
Short Interest
Bearish
3.90% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
0.17mentions of Hormel Foods in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$322,980 Sold Last Quarter
Proj. Earnings Growth
10.70%
From $1.87 to $2.07 Per Share

Overall MarketRank

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

1.81 out of 5 stars

Consumer Staples Sector

114th out of 147 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.

Hormel Foods Stock Performance

HRL Stock opened at $49.85 on Thursday. The firm has a market cap of $27.22 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 3.42 and a beta of 0.13. The company has a quick ratio of 1.20, a current ratio of 2.28 and a debt-to-equity ratio of 0.45. Hormel Foods has a twelve month low of $40.48 and a twelve month high of $55.11. The business's fifty day simple moving average is $47.29 and its two-hundred day simple moving average is $49.20.

Hormel Foods (NYSE:HRL - Get Rating) last announced its quarterly earnings results on Thursday, June 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. Hormel Foods had a return on equity of 14.10% and a net margin of 7.70%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the company posted $0.42 earnings per share. Hormel Foods's revenue for the quarter was up 18.8% on a year-over-year basis. Analysts predict that Hormel Foods will post 1.87 earnings per share for the current year.

Hormel Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, July 11th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, July 8th. This represents a $1.04 annualized dividend and a yield of 2.09%. Hormel Foods's payout ratio is currently 59.43%.

Wall Street Analysts Forecast Growth

HRL has been the subject of several recent research reports. Credit Suisse Group reduced their target price on shares of Hormel Foods to $44.00 in a research note on Friday, June 3rd. Piper Sandler decreased their price target on shares of Hormel Foods to $48.00 in a research note on Friday, June 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $47.83.

Insiders Place Their Bets

In related news, SVP Kevin L. Myers sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $45.07, for a total transaction of $225,350.00. Following the transaction, the senior vice president now owns 32,869 shares of the company's stock, valued at $1,481,405.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Christopher J. Policinski sold 2,110 shares of Hormel Foods stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $46.27, for a total value of $97,629.70. Following the transaction, the director now owns 85,254 shares of the company's stock, valued at approximately $3,944,702.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin L. Myers sold 5,000 shares of Hormel Foods stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $45.07, for a total transaction of $225,350.00. Following the completion of the transaction, the senior vice president now directly owns 32,869 shares in the company, valued at approximately $1,481,405.83. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.

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HRL Stock News Headlines

Is Tyson Foods A Buy On Post-Earnings Weakness?  (HRL)
Shares of Tyson are down hard in the wake of the Q3 results but may be offering an entry point to value-minded income investors.
Happy 85th Birthday, Spam!
BELOVED SPAM® BRAND CELEBRATES 85TH BIRTHDAY
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HRL Company Calendar

Ex-Dividend for 5/16 Dividend
4/08/2022
Dividend Payable
5/16/2022
Last Earnings
6/02/2022
Ex-Dividend for 8/15 Dividend
7/08/2022
Today
8/11/2022
Dividend Payable
8/15/2022
Next Earnings (Confirmed)
9/01/2022
Fiscal Year End
10/31/2022

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
$47.83
High Stock Price Forecast
$57.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
-3.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$908.84 million
Pretax Margin
9.53%

Debt

Sales & Book Value

Annual Sales
$11.39 billion
Cash Flow
$2.15 per share
Book Value
$12.86 per share

Miscellaneous

Free Float
541,797,000
Market Cap
$27.09 billion
Optionable
Optionable
Beta
0.13

Social Links


Key Executives














HRL Stock - Frequently Asked Questions

Should I buy or sell Hormel Foods stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued 12 month price targets for Hormel Foods' shares. Their HRL share price forecasts range from $44.00 to $57.00. On average, they predict the company's share price to reach $47.83 in the next twelve months. This suggests that the stock has a possible downside of 4.7%.
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 stock has increased by 2.8% and is now trading at $50.17.
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, September 1st 2022.
View our HRL earnings forecast
.

How can I listen to Hormel Foods' earnings call?

Hormel Foods will be holding an earnings conference call on Thursday, September 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) announced its earnings results on Thursday, June, 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.07 billion. Hormel Foods had a net margin of 7.70% and a trailing twelve-month return on equity of 14.10%. Hormel Foods's revenue was up 18.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 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, May 23rd. Stockholders of record on Monday, July 11th will be given a dividend of $0.26 per share on Monday, August 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, July 8th.
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 2.09%. 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 59.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRL will have a dividend payout ratio of 50.24% 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 shares split on the morning of Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly issued shares were distributed to shareholders after the closing bell 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, June, 30th. The company provided earnings per share (EPS) guidance of $1.87-$1.97 for the period, compared to the consensus estimate of $1.94. The company issued revenue guidance of $11.70 billion-$12.50 billion, compared to the consensus revenue estimate of $12.41 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 number of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (1.09%), ProShare Advisors LLC (0.58%), California Public Employees Retirement System (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Scout Investments Inc. (0.21%) and TD Asset Management Inc. (0.21%). 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, Robert Nakasone, 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 $50.17.

How much money does Hormel Foods make?

Hormel Foods (NYSE:HRL) has a market capitalization of $27.40 billion and generates $11.39 billion in revenue each year. The company earns $908.84 million in net income (profit) each year or $1.75 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

When was Hormel Foods founded?

Hormel Foods was founded in 1891.

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 8/11/2022 by MarketBeat.com Staff

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