NYSE:HRL - Hormel Foods Stock Price, News & Analysis

$41.45
+0.06 (+0.14 %)
(As of 08/19/2019 02:06 AM ET)
Today's Range
$40.74
Now: $41.45
$41.60
50-Day Range
$40.33
MA: $41.26
$41.91
52-Week Range
$36.25
Now: $41.45
$46.26
Volume2.23 million shs
Average Volume2.53 million shs
Market Capitalization$22.20 billion
P/E Ratio21.93
Dividend Yield2.03%
Beta0.11
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. Read More…

Industry, Sector and Symbol

Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
CUSIP44045210
Phone507-437-5611

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.55 billion
Cash Flow$2.2687 per share
Book Value$10.51 per share

Profitability

Net Income$1.01 billion

Miscellaneous

Employees20,100
Market Cap$22.20 billion
Next Earnings Date8/22/2019 (Confirmed)
OptionableOptionable

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Hormel Foods (NYSE:HRL) Frequently Asked Questions

What is Hormel Foods' stock symbol?

Hormel Foods trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRL."

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

Hormel Foods declared a quarterly dividend on Tuesday, May 21st. Investors of record on Monday, July 15th will be paid a dividend of $0.21 per share on Thursday, August 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, July 12th. View Hormel Foods' Dividend History.

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

Shares of Hormel Foods split on 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 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.

How were Hormel Foods' earnings last quarter?

Hormel Foods Corp (NYSE:HRL) posted its quarterly earnings results on Thursday, May, 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.01. The company earned $2.34 billion during the quarter, compared to the consensus estimate of $2.37 billion. Hormel Foods had a net margin of 10.38% and a return on equity of 17.31%. The company's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. View Hormel Foods' Earnings History.

When is Hormel Foods' next earnings date?

Hormel Foods is scheduled to release their next quarterly earnings announcement on Thursday, August 22nd 2019. View Earnings Estimates for Hormel Foods.

How can I listen to Hormel Foods' earnings call?

Hormel Foods will be holding an earnings conference call on Thursday, August 22nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8882044368.

What guidance has Hormel Foods issued on next quarter's earnings?

Hormel Foods issued an update on its FY19 earnings guidance on Thursday, May, 23rd. The company provided earnings per share guidance of $1.71-1.85 for the period, compared to the Thomson Reuters consensus estimate of $1.80. The company issued revenue guidance of $9.5-10.0 billion, compared to the consensus revenue estimate of $9.68 billion.

What price target have analysts set for HRL?

11 equities research analysts have issued 12 month price targets for Hormel Foods' shares. Their forecasts range from $35.00 to $46.00. On average, they anticipate Hormel Foods' share price to reach $39.5556 in the next twelve months. This suggests that the stock has a possible downside of 4.6%. View Analyst Price Targets for Hormel Foods.

What is the consensus analysts' recommendation for Hormel Foods?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 3 sell ratings, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hormel Foods.

What are Wall Street analysts saying about Hormel Foods stock?

Here are some recent quotes from research analysts about Hormel Foods stock:
  • 1. According to Zacks Investment Research, "Hormel Foods’ shares have underperformed the industry in the past three months. Volatility in tariff rates is denting the company’s fresh pork export volumes. Global trade uncertainties continue to pose hurdles for pork exports. Moreover, reduced retail volumes are a headwind for Hormel Foods’ Jennie-O Turkey Store segment. These headwinds along with input cost inflation stemming from African swine fever in China, among other factors, compelled management to slash guidance for fiscal 2019. Nevertheless, Hormel Foods boasts a strong brand portfolio, which is fueling its refrigerated foods performances. Further, the company is focusing on effective advertising and innovations. It also engages in buyouts to boost portfolio. In this respect, the buyouts of Columbus, Fontanini and Ceratti businesses are yielding results." (7/26/2019)
  • 2. Jefferies Financial Group Inc analysts commented, "HRL reported 1Q19 EPS of $0.44 which was 2c (or 4%) above our estimate & in line with consensus. Lower corporate expenses drove the beat relative to our estimates. FY19 guidance was maintained and implies a significant acceleration in segment EBIT for the remainder of the year. Management commentary points to RF, GP and International profit trends being in line or higher than expected while JOTS is trending below. 1Q19 operating results were in line with consensus and 3% above our estimate. 1Q sales came in ~$46M or ~2% below our estimate and $32M or ~1% below consensus. The sales miss was driven primarily by a lesser extent Grocery Products. EBIT beat our estimate by $8M or 3% but was in line with consensus. The EBIT beat at the segment level was primarily driven by lower corporate expense, while segment EBIT was generally in line with our estimate." (2/21/2019)

Has Hormel Foods been receiving favorable news coverage?

News stories about HRL stock have trended negative recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Hormel Foods earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Hormel Foods.

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), Procter & Gamble (PG), Exxon Mobil (XOM), The Coca-Cola (KO), Walmart (WMT), Starbucks (SBUX), Chevron (CVX), Mcdonald's (MCD) and CVS Health (CVS).

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the folowing 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)

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.34%), BlackRock Inc. (4.68%), Janus Henderson Group PLC (0.73%), Janus Henderson Group PLC (0.73%), Northern Trust Corp (0.68%) and Victory Capital Management Inc. (0.68%). Company insiders that own Hormel Foods stock include Dakota A Pippins, Deanna T Brady, Donald H Kremin, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, James M Splinter, James N Sheehan, James P Snee, John L Morrison, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Robert Nakasone, Steven G Binder, Steven J Lykken, Susan K Nestegard, Terrell K Crews and Thomas R Day. 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 APG Asset Management N.V., Bank of New York Mellon Corp, Robeco Institutional Asset Management B.V., TD Asset Management Inc., JPMorgan Chase & Co., Renaissance Technologies LLC, Retirement Systems of Alabama and Victory Capital Management Inc.. Company insiders that have sold Hormel Foods company stock in the last year include Dakota A Pippins, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, James M Splinter, James N Sheehan, James P Snee, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Robert Nakasone, Steven J Lykken, Susan K Nestegard, Terrell K Crews and Thomas R Day. View Insider Buying and Selling for Hormel Foods.

Which major investors are buying Hormel Foods stock?

HRL stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., First Trust Advisors LP, Unigestion Holding SA, Vanguard Group Inc., California Public Employees Retirement System, Janus Henderson Group PLC and Janus Henderson Group PLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Hormel Foods' stock price today?

One share of HRL stock can currently be purchased for approximately $41.45.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $22.20 billion and generates $9.55 billion in revenue each year. The company earns $1.01 billion in net income (profit) each year or $1.89 on an earnings per share basis. Hormel Foods employs 20,100 workers across the globe.View Additional Information About Hormel Foods.

What is Hormel Foods' official website?

The official website for Hormel Foods is http://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]


MarketBeat Community Rating for Hormel Foods (NYSE HRL)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  387 (Vote Outperform)
Underperform Votes:  492 (Vote Underperform)
Total Votes:  879
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.
This page was last updated on 8/19/2019 by MarketBeat.com Staff

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