Hormel Foods Stock Forecast, Price & News

7 Wall Street equities 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 equities research 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.
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7 brokers have issued 12 month price targets for Hormel Foods' shares. Their HRL stock forecasts range from $44.00 to $57.00. On average, they predict Hormel Foods' stock price to reach $47.83 in the next year. This suggests a possible upside of 0.2% 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 stock has decreased by 2.2% and is now trading at $47.72.
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Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
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Hormel Foods Co. (NYSE:HRL) released its quarterly earnings results on Thursday, June, 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.07 billion. Hormel Foods had a net margin of 7.70% and a trailing twelve-month return on equity of 14.10%. The business's revenue was up 18.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share.
View Hormel Foods' earnings history.

Hormel Foods announced a quarterly dividend on Monday, May 23rd. Shareholders of record on Monday, July 11th will be paid a dividend of $0.26 per share on Monday, August 15th. This represents a $1.04 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, July 8th.
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Hormel Foods(NYSE:HRL) pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.20%. Hormel Foods 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 of Hormel Foods is 59.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 50.24% 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 on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly minted shares were issued 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.

Hormel Foods issued an update on its FY 2022 earnings guidance on Thursday, June, 30th. The company provided earnings per share guidance of $1.87-$1.97 for the period, compared to the consensus earnings per share estimate of $1.94. The company issued revenue guidance of $11.70 billion-$12.50 billion, compared to the consensus revenue estimate of $12.41 billion.

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.

Some companies that are related to Hormel Foods include Hershey (HSY), Mondelez International (MDLZ), General Mills (GIS), Tyson Foods (TSN), Kellogg (K), McCormick & Company, Incorporated (MKC), Conagra Brands (CAG), Campbell Soup (CPB), J. M. Smucker (SJM), Pilgrim's Pride (PPC), Flowers Foods (FLO), Post (POST), Sanderson Farms (SAFM), Seaboard (SEB) and Lancaster Colony (LANC).
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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), 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 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 $47.72.

Hormel Foods (NYSE:HRL) has a market capitalization of $26.06 billion and generates $11.39 billion in revenue each year. The company earns $908.84 million in net income (profit) each year or $1.75 on an earnings per share basis.

Hormel Foods employs 20,000 workers across the globe.

Hormel Foods was founded in 1891.

Hormel Foods' mailing address is 1 HORMEL PL, AUSTIN MN, 55912. The official website for Hormel Foods 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.