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NYSE:HRLHormel Foods Stock Price, Forecast & News

$45.73
-1.20 (-2.56 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$45.57
Now: $45.73
$47.33
50-Day Range
$46.01
MA: $47.72
$50.51
52-Week Range
$38.44
Now: $45.73
$51.53
Volume2.99 million shs
Average Volume2.36 million shs
Market Capitalization$24.59 billion
P/E Ratio26.74
Dividend Yield1.98%
Beta-0.06
Hormel 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, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, 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 headquartered in Austin, Minnesota.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.9Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.08 out of 5 stars


Industry, Sector and Symbol

Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
CUSIP44045210
Phone507-437-5611

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.50 billion
Cash Flow$2.02 per share
Book Value$11.47 per share

Profitability

Net Income$978.81 million

Miscellaneous

Employees18,800
Market Cap$24.59 billion
Next Earnings Date8/27/2020 (Estimated)
OptionableOptionable

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Hormel Foods (NYSE:HRL) Frequently Asked Questions

How has Hormel Foods' stock been impacted by COVID-19 (Coronavirus)?

Hormel Foods' stock was trading at $42.27 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, HRL stock has increased by 8.2% and is now trading at $45.73. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Hormel Foods?

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, resulting in a consensus recommendation of "Hold." View analyst ratings for Hormel Foods.

When is Hormel Foods' next earnings date?

Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, August 27th 2020. View our earnings forecast for Hormel Foods.

How were Hormel Foods' earnings last quarter?

Hormel Foods Corp (NYSE:HRL) posted its quarterly earnings results on Thursday, May, 21st. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by $0.01. The company earned $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. Hormel Foods had a net margin of 9.64% and a return on equity of 15.38%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. View Hormel Foods' earnings history.

How often does Hormel Foods pay dividends? What is the dividend yield for Hormel Foods?

Hormel Foods announced a quarterly dividend on Monday, May 18th. Investors of record on Monday, July 13th will be given a dividend of $0.2325 per share on Monday, August 17th. This represents a $0.93 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, July 10th. View Hormel Foods' dividend history.

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

Hormel Foods shares split on the morning of Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly created shares were payable 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.

What price target have analysts set for HRL?

8 Wall Street analysts have issued 1 year price targets for Hormel Foods' stock. Their forecasts range from $40.00 to $47.00. On average, they expect Hormel Foods' stock price to reach $44.00 in the next twelve months. This suggests that the stock has a possible downside of 3.8%. View analysts' price targets for Hormel Foods.

Has Hormel Foods been receiving favorable news coverage?

Media headlines about HRL stock have trended positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hormel Foods earned a news sentiment score of 2.7 on InfoTrie's scale. They also gave headlines about the company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutHormel Foods.

Are investors shorting Hormel Foods?

Hormel Foods saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 28,870,000 shares, a decrease of 5.9% from the April 30th total of 30,680,000 shares. Based on an average daily volume of 3,180,000 shares, the short-interest ratio is presently 9.1 days. Currently, 10.3% of the shares of the stock are short sold. View Hormel Foods' Current Options Chain.

Who are some of Hormel Foods' key competitors?

What other stocks do shareholders of Hormel Foods own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hormel Foods investors own include Johnson & Johnson (JNJ), AT&T (T), Walt Disney (DIS), Exxon Mobil (XOM), AbbVie (ABBV), Medtronic (MDT), NVIDIA (NVDA), Walmart (WMT), Mcdonald's (MCD) and Procter & Gamble (PG).

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the following people:
  • Mr. James P. Snee, Chairman, Pres & CEO (Age 52)
  • Mr. James N. Sheehan, Exec. VP & CFO (Age 64)
  • Mr. Thomas R. Day, Exec. VP of Refrigerated Foods (Age 61)
  • Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 59)
  • Mr. James M. Splinter, Group VP of Corp. Strategy (Age 57)

What is Hormel Foods' stock symbol?

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

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (5.55%), State Street Corp (5.25%), Capital International Investors (2.51%), Capital Research Global Investors (1.55%), Geode Capital Management LLC (0.86%) and APG Asset Management N.V. (0.78%). 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 G Binder, Steven J Lykken, Susan K Nestegard, Terrell K Crews, Thomas R Day and Todd James. View institutional ownership trends for Hormel Foods.

Which major investors are selling Hormel Foods stock?

HRL stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, First Trust Advisors LP, Schroder Investment Management Group, JPMorgan Chase & Co., State Street Corp, Janus Henderson Group PLC, Morgan Stanley, and Morgan Stanley. Company insiders that have sold Hormel Foods company stock in the last year include Deanna T Brady, Elsa A Murano, Glenn R Leitch, Glenn S Forbes, James N Sheehan, Jana L Haynes, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Patrick J Connor, Robert Nakasone, Steven J Lykken, Terrell K Crews, and Thomas R Day. View insider buying and selling activity for Hormel Foods.

Which major investors are buying Hormel Foods stock?

HRL stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Capital International Investors, APG Asset Management N.V., APG Asset Management N.V., Unigestion Holding SA, Wells Fargo & Company MN, Swiss National Bank, and AJO LP. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Hormel Foods' stock price today?

One share of HRL stock can currently be purchased for approximately $45.73.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $24.59 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.

What is Hormel Foods' official website?

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

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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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