Hormel Foods - HRL Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last twelve months. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street equities 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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5 analysts have issued 1 year price targets for Hormel Foods' shares. Their HRL share price forecasts range from $38.00 to $54.00. On average, they predict the company's share price to reach $44.71 in the next year. This suggests a possible upside of 12.1% from the stock's current price.
View analysts price targets for HRL or view top-rated stocks among Wall Street analysts.

Hormel Foods' stock was trading at $45.55 on January 1st, 2023. Since then, HRL shares have decreased by 12.4% and is now trading at $39.88.
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Hormel Foods saw a increase in short interest in March. As of March 15th, there was short interest totaling 10,000,000 shares, an increase of 9.8% from the February 28th total of 9,110,000 shares. Based on an average daily volume of 1,840,000 shares, the short-interest ratio is presently 5.4 days. Currently, 3.5% of the shares of the stock are sold short.
View Hormel Foods' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
View our HRL earnings forecast.

Hormel Foods Co. (NYSE:HRL) issued its quarterly earnings results on Thursday, March, 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.08 billion. Hormel Foods had a trailing twelve-month return on equity of 13.10% and a net margin of 7.90%. Hormel Foods's revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share.

Hormel Foods declared a quarterly dividend on Monday, March 27th. Shareholders of record on Monday, April 17th will be given a dividend of $0.275 per share on Monday, May 15th. This represents a $1.10 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Friday, April 14th.
Read our dividend analysis for HRL.

ETFs with the largest weight of Hormel Foods (NYSE:HRL) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), 2ndVote Life Neutral Plus ETF (LYFE), First Trust Consumer Staples AlphaDEX Fund (FXG), ProShares Russell US Dividend Growers ETF (TMDV), FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG), ProShares S&P 500 Aristocrats ETF (NOBL) and First Trust Horizon Managed Volatility Domestic ETF (HUSV).

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.80%. The company has been increasing its dividend for 57 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 61.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRL will have a dividend payout ratio of 57.29% 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 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 stock prior to the split would have 200 shares after the split.

Hormel Foods issued an update on its FY 2023 earnings guidance on Thursday, March, 2nd. The company provided EPS guidance of $1.70-$1.82 for the period, compared to the consensus earnings per share estimate of $1.89. The company issued revenue guidance of $12.58 billion-$12.83 billion, compared to the consensus revenue estimate of $12.75 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."

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 $39.88.

Hormel Foods (NYSE:HRL) has a market capitalization of $21.80 billion and generates $12.46 billion in revenue each year. The company earns $999.99 million in net income (profit) each year or $1.79 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.