NYSE:HRL - Hormel Foods Stock Price, Price Target & More

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$37.17 -0.08 (-0.21 %)
(As of 07/23/2018 09:39 AM ET)
Previous Close$37.25
Today's Range$37.09 - $37.22
52-Week Range$29.75 - $38.00
Volume16,616 shs
Average Volume2.24 million shs
Market Capitalization$19.76 billion
P/E Ratio23.68
Dividend Yield2.01%
Beta0.42
Hormel Foods logoHormel 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, Specialty Foods, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products, such as canned luncheon meats, peanut butter, chilies, shelf-stable microwaveable meals, hash, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products. The company also provides turkey products; nutritional food products and supplements; dessert and drink mixes; and industrial gelatin products. It sells its products through sales personnel, as well as through 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 based in Austin, Minnesota.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
SymbolNYSE:HRL
CUSIP44045210
Phone507-437-5611

Debt

Debt-to-Equity Ratio0.12
Current Ratio1.61
Quick Ratio0.73

Price-To-Earnings

Trailing P/E Ratio23.68
Forward P/E Ratio21.00
P/E Growth2.25

Sales & Book Value

Annual Sales$9.17 billion
Price / Sales2.15
Cash Flow$1.8483 per share
Price / Cash20.11
Book Value$9.36 per share
Price / Book3.97

Profitability

EPS (Most Recent Fiscal Year)$1.57
Net Income$846.73 million
Net Margins10.05%
Return on Equity17.44%
Return on Assets12.04%

Miscellaneous

Employees20,200
Outstanding Shares530,510,000
Market Cap$19,761.38

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 announced a quarterly dividend on Monday, May 21st. Stockholders of record on Monday, July 16th will be given a dividend of $0.1875 per share on Wednesday, August 15th. This represents a $0.75 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, July 13th. View Hormel Foods' Dividend History.

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

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 issued 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) released its quarterly earnings results on Thursday, May, 24th. The company reported $0.44 EPS for the quarter, missing the Zacks' consensus estimate of $0.45 by $0.01. The company earned $2.33 billion during the quarter, compared to the consensus estimate of $2.37 billion. Hormel Foods had a net margin of 10.05% and a return on equity of 17.44%. The firm's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. 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, 23rd 2018. View Earnings Estimates for Hormel Foods.

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

Hormel Foods issued an update on its FY18 earnings guidance on Thursday, May, 24th. The company provided earnings per share guidance of $1.81-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.86. The company issued revenue guidance of $9.70-10.10, compared to the consensus revenue estimate of $9.73 billion.

What price target have analysts set for HRL?

10 equities research analysts have issued twelve-month price objectives for Hormel Foods' shares. Their forecasts range from $26.00 to $42.00. On average, they expect Hormel Foods' stock price to reach $35.5556 in the next twelve months. This suggests that the stock has a possible downside of 4.5%. View Analyst Ratings for Hormel Foods.

What is the consensus analysts' recommendation for Hormel Foods?

10 Wall Street 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

What are Wall Street analysts saying about Hormel Foods stock?

Here are some recent quotes from research analysts about Hormel Foods stock:
  • 1. Jefferies Financial Group Inc analysts commented, "The 2Q results and outlook for Refrigerated Foods validated our materially less pessimistic view on commodity pork processor margins. But this was offset by sales declines in Muscle Milk and contract manufacturing as well as higher freight costs, all of which are transitory headwinds but likely to persist for the next few quarters. Reasons to own HRL: 1) strong management; 2) potential turn in turkey cycle; 3) 4) solid base business growth. We are updating our estimates. Our 2018 EPS estimate is decreasing from $1.87 to $1.82, which compares to management guidance of $1.81 to $1.95 (m/p $1.88) and consensus of $1.86. Our revised estimates primarily reflect the 2Q miss and lower EBIT margin assumptions (12.3% vs. 12.8% previously), partially offset by a lower tax rate assumption (now at 17.6% vs. 19.0% previously)." (5/31/2018)
  • 2. According to Zacks Investment Research, "Over the past month, Hormel Foods' shares have outperformed the industry. In second-quarter fiscal 2018, the company’s adjusted earnings and revenues improved 12.8% and 6.5%, respectively, on a year-over-year basis. The company is strengthening its product portfolio on the back of several innovation investments. Moreover, sturdier demand for on-trend brands and ongoing marketing moves will likely drive its revenues and profitability in the upcoming quarters. Hormel Foods also expects that successful integration of the latest acquisitions and reduced corporate taxes will continue to strengthen its competency, going forward." (5/30/2018)

Who are some of Hormel Foods' key competitors?

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the folowing people:
  • Mr. James P. Snee, Chairman, Pres & CEO (Age 51)
  • Mr. James N. Sheehan, Sr. VP & CFO (Age 63)
  • Mr. Thomas R. Day, Exec. VP of Refrigerated Foods (Age 60)
  • Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 58)
  • Ms. Jana L. Haynes, VP, Controller & Principal Accounting Officer (Age 46)

Has Hormel Foods been receiving favorable news coverage?

Headlines about HRL stock have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hormel Foods earned a media sentiment score of 0.22 on Accern's scale. They also assigned headlines about the company an impact score of 46.22 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (0.12%), AMG National Trust Bank (0.12%), Bank of Montreal Can (0.06%), Trust Department MB Financial Bank N A (0.03%), Addenda Capital Inc. (0.03%) and RK Asset Management LLC (0.03%). Company insiders that own Hormel Foods stock include Brian Dean Johnson, 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, Larry L Vorpahl, Luis G Marconi, Mark A Coffey, Paul Peter Dipasquale, Robert George Atkinson, Robert Nakasone, Steven G Binder, Terrell K Crews and Thomas R Day. View Institutional Ownership Trends for Hormel Foods.

Which institutional investors are selling Hormel Foods stock?

HRL stock was sold by a variety of institutional investors in the last quarter, including Hartford Investment Management Co., AMG National Trust Bank, LS Investment Advisors LLC, Retirement Systems of Alabama and Cardinal Capital Management Inc.. Company insiders that have sold Hormel Foods company stock in the last year include Dakota A Pippins, Donald H Kremin, Elsa A Murano, Gary Jamison, Glenn S Forbes, James M Splinter, James N Sheehan, James P Snee, John L Morrison, Larry L Vorpahl, Luis G Marconi, Mark A Coffey, Robert Nakasone, Steven G Binder, Terrell K Crews and Thomas R Day. View Insider Buying and Selling for Hormel Foods.

Which institutional investors are buying Hormel Foods stock?

HRL stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Scout Investments Inc., Trust Department MB Financial Bank N A, Addenda Capital Inc., RK Asset Management LLC, Manning & Napier Group LLC, Addenda Capital Inc. and Nisa Investment Advisors LLC. Company insiders that have bought Hormel Foods stock in the last two years include Paul Peter Dipasquale and Robert George Atkinson. 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 $37.25.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $19.76 billion and generates $9.17 billion in revenue each year. The company earns $846.73 million in net income (profit) each year or $1.57 on an earnings per share basis. Hormel Foods employs 20,200 workers across the globe.

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:  309 (Vote Outperform)
Underperform Votes:  398 (Vote Underperform)
Total Votes:  707
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 7/23/2018 by MarketBeat.com Staff

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