Hormel Foods - HRL Stock Forecast, Price & News

7 Wall Street 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 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.
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7 analysts have issued 12-month target prices for Hormel Foods' shares. Their HRL share price forecasts range from $44.00 to $53.00. On average, they expect the company's share price to reach $48.00 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price.
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Hormel Foods' stock was trading at $48.81 at the start of the year. Since then, HRL shares have decreased by 4.0% and is now trading at $46.86.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our HRL earnings forecast.

Hormel Foods Co. (NYSE:HRL) issued its quarterly earnings results on Thursday, September, 1st. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share.
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Hormel Foods announced a quarterly dividend on Monday, September 26th. Stockholders 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 dividend yield of 2.22%.
Read our dividend analysis for HRL.

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.22%. 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 51.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRL.

Hormel Foods shares split before market open on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly issued shares were payable 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.

Hormel Foods updated its FY 2022 earnings guidance on Thursday, September, 22nd. 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.

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.

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).

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

Hormel Foods' stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (4.94%), Principal Financial Group Inc. (1.09%), ProShare Advisors LLC (0.58%), Northern Trust Corp (0.58%), Renaissance Technologies LLC (0.54%) and Legal & General Group Plc (0.42%). 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.
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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.
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One share of HRL stock can currently be purchased for approximately $46.86.

Hormel Foods (NYSE:HRL) has a market capitalization of $25.59 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.

The company employs 20,000 workers across the globe.

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.