Hormel Foods Stock Forecast, Price & News

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 (WHO). Since then, HRL shares have increased by 16.7% and is now trading at $49.33.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Hormel Foods is scheduled to release its next quarterly earnings announcement on Tuesday, November 24th 2020.
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Hormel Foods Corp (NYSE:HRL) announced its quarterly earnings data on Tuesday, August, 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.03. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.38 billion. Hormel Foods had a net margin of 9.59% and a return on equity of 15.20%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.37 EPS.
View Hormel Foods' earnings history.

Hormel Foods declared a quarterly dividend on Tuesday, September 29th. Investors of record on Monday, October 19th will be given a dividend of $0.2325 per share on Monday, November 16th. This represents a $0.93 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, October 16th.
View Hormel Foods' dividend history.

Hormel Foods's stock split on 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 market closes 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.

9 analysts have issued 1-year price targets for Hormel Foods' shares. Their forecasts range from $40.00 to $56.00. On average, they anticipate Hormel Foods' stock price to reach $45.71 in the next year. This suggests that the stock has a possible downside of 7.3%.
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Some companies that are related to Hormel Foods include Mondelez International (MDLZ), General Mills (GIS), Hershey (HSY), McCormick & Company, Incorporated (MKC), Kellogg (K), Tyson Foods (TSN), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Flowers Foods (FLO), Lancaster Colony (LANC), Pilgrim's Pride (PPC), Seaboard (SEB) and The Hain Celestial Group (HAIN).
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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).

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

Hormel Foods' stock is owned by a variety of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.14%), AMG National Trust Bank (0.11%), CWM LLC (0.08%), Hexavest Inc. (0.04%), Tandem Investment Advisors Inc. (0.04%) and State of Alaska Department of Revenue (0.04%). Company insiders that own Hormel Foods stock include Dakota A Pippins, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, Howse Steve, James M Splinter, James N Sheehan, James P Snee, 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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HRL stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Hexavest Inc., Assenagon Asset Management S.A., Sigma Investment Counselors Inc., CWM LLC, Redpoint Investment Management Pty Ltd, Envestnet Asset Management Inc., and Denali Advisors LLC. Company insiders that have sold Hormel Foods company stock in the last year include Deanna T Brady, Elsa A Murano, Glenn R Leitch, James M Splinter, Jana L Haynes, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Patrick J Connor, Steven J Lykken, Susan K Nestegard, Swen Neufeldt, Terrell K Crews, and Thomas R Day.
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HRL stock was acquired by a variety of institutional investors in the last quarter, including Tandem Investment Advisors Inc., Avantax Advisory Services Inc., Gyroscope Capital Management Group LLC, Hendley & Co. Inc., DNB Asset Management AS, IFM Investors Pty Ltd, Harel Insurance Investments & Financial Services Ltd., and Asset Dedication LLC.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of HRL stock can currently be purchased for approximately $49.33.

Hormel Foods has a market capitalization of $26.62 billion and generates $9.50 billion in revenue each year. The company earns $978.81 million in net income (profit) each year or $1.74 on an earnings per share basis. Hormel Foods employs 18,800 workers across the globe.

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

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]