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 stock has increased by 7.4% and is now trading at $45.41.
View which stocks have been most impacted by COVID-19.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating and 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Hormel Foods stock. 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 analyst ratings for Hormel Foods or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Hormel Foods a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Hormel Foods wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

104 employees have rated Hormel Foods CEO James P. Snee on Glassdoor.com. James P. Snee has an approval rating of 89% among Hormel Foods' employees.

Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Hormel Foods.

Hormel Foods Co. (NYSE:HRL) issued its earnings results on Monday, November, 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.60 billion. Hormel Foods had a net margin of 9.45% and a trailing twelve-month return on equity of 14.55%. During the same period in the previous year, the business posted $0.47 earnings per share.
View Hormel Foods' earnings history.

Hormel Foods announced a quarterly dividend on Monday, November 23rd. Stockholders of record on Monday, January 11th will be given a dividend of $0.245 per share on Tuesday, February 16th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, January 8th. This is a positive change from Hormel Foods's previous quarterly dividend of $0.23.
View Hormel Foods' dividend history.

Hormel Foods pays an annual dividend of $0.98 per share and currently has a dividend yield of 2.17%. Hormel Foods has been increasing its dividend for 53 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Hormel Foods is 59.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 52.97% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.
View Hormel Foods' dividend history.

Shares of Hormel Foods split before market open on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly created 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.

8 analysts have issued 12-month target prices for Hormel Foods' shares. Their forecasts range from $40.00 to $56.00. On average, they expect Hormel Foods' share price to reach $45.86 in the next year. This suggests a possible upside of 1.0% from the stock's current price.
View analysts' price targets for Hormel Foods or view Wall Street analyst' top-rated stocks.

Some companies that are related to Hormel Foods include Mondelez International (MDLZ), General Mills (GIS), The Hershey (HSY), McCormick & Company, Incorporated (MKC), Tyson Foods (TSN), Kellogg (K), Conagra Brands (CAG), Campbell Soup (CPB), The J. M. Smucker (SJM), Post (POST), Pilgrim's Pride (PPC), Lancaster Colony (LANC), Flowers Foods (FLO), The Hain Celestial Group (HAIN) and Seaboard (SEB).
View all of HRL's competitors.

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 number of institutional and retail investors. Top institutional shareholders include Liberty One Investment Management LLC (0.07%), Tandem Investment Advisors Inc. (0.05%), State of Alaska Department of Revenue (0.03%), Manning & Napier Group LLC (0.03%), Hexavest Inc. (0.03%) and Denali Advisors LLC (0.02%). Company insiders that own Hormel Foods stock include 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.
View institutional ownership trends for Hormel Foods.

HRL stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Exchange Traded Concepts LLC, Pacer Advisors Inc., State of Alaska Department of Revenue, Avantax Advisory Services Inc., Autus Asset Management LLC, Crossmark Global Holdings 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, Lori J Marco, Luis G Marconi, Steven J Lykken, Susan K Nestegard, Swen Neufeldt, Terrell K Crews, and Thomas R Day.
View insider buying and selling activity for Hormel Foods or view top insider-selling stocks.

HRL stock was purchased by a variety of institutional investors in the last quarter, including Tandem Investment Advisors Inc., Sound Financial Strategies Group LLC, International Assets Investment Management LLC, Liberty One Investment Management LLC, Johnson Midwest Financial LLC, Kestra Advisory Services LLC, Riverbridge Partners LLC, and IFM Investors Pty Ltd. Company insiders that have bought Hormel Foods stock in the last two years include Steven J Lykken, Swen Neufeldt, and Todd James.
View insider buying and selling activity for Hormel Foods or or view top insider-buying stocks.

Shares of HRL 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.

One share of HRL stock can currently be purchased for approximately $45.41.

Hormel Foods has a market capitalization of $24.52 billion and generates $9.61 billion in revenue each year. The company earns $908.08 million in net income (profit) each year or $1.66 on an earnings per share basis. Hormel Foods employs 19,100 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]