NYSE:HRL - Hormel Foods Stock Price, Forecast & News

$46.95

+0.65 (+1.40 %)

(As of 01/21/2020 04:00 PM ET)

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Today's Range

$46.33

Now: $46.95▼

$47.06

50-Day Range

$44.25

MA: $45.19▼

$46.95

52-Week Range

$37.00

Now: $46.95▼

$47.06

Volume4.06 million shs

Average Volume2.41 million shs

Market Capitalization$25.11 billion

P/E Ratio26.08

Dividend Yield2.01%

Beta0.07

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. Read More…

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Meat packing plants

Sub-IndustryPackaged Foods & Meats

SectorConsumer Staples

Current SymbolNYSE:HRL

Previous Symbol

CUSIP44045210

CIK48465

Webhttp://www.hormelfoods.com/

Phone507-437-5611

Debt

Debt-to-Equity Ratio0.04

Current Ratio2.14

Quick Ratio1.19

Price-To-Earnings

Trailing P/E Ratio26.08

Forward P/E Ratio26.68

P/E Growth4.35

Sales & Book Value

Annual Sales$9.50 billion

Price / Sales2.64

Cash Flow$2.11 per share

Price / Cash Flow22.29

Book Value$11.08 per share

Price / Book4.24

Profitability

EPS (Most Recent Fiscal Year)$1.74

Net Income$978.81 million

Net Margins10.31%

Return on Equity16.14%

Return on Assets11.76%

Miscellaneous

Employees18,800

Outstanding Shares534,737,000

Market Cap$25.11 billion

Next Earnings Date2/20/2020 (Estimated)

OptionableOptionable

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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 declared a quarterly dividend on Monday, November 25th. Stockholders of record on Monday, January 13th will be paid a dividend of $0.2325 per share on Tuesday, February 18th. This represents a $0.93 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Hormel Foods's previous quarterly dividend of $0.21. View Hormel Foods' Dividend History.

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

Shares of Hormel Foods 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.

How were Hormel Foods' earnings last quarter?

Hormel Foods Corp (NYSE:HRL) released its earnings results on Tuesday, November, 26th. The company reported $0.47 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.47. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.51 billion. Hormel Foods had a return on equity of 16.14% and a net margin of 10.31%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 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, February 20th 2020. View Earnings Estimates for Hormel Foods.

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

Hormel Foods issued an update on its FY20 earnings guidance on Tuesday, November, 26th. The company provided EPS guidance of $1.69-1.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.77. The company issued revenue guidance of $9.50-10.3 billion, compared to the consensus revenue estimate of $9.70 billion.

What price target have analysts set for HRL?

10 brokers have issued 1 year price targets for Hormel Foods' stock. Their forecasts range from $35.00 to $46.00. On average, they anticipate Hormel Foods' stock price to reach $40.22 in the next year. This suggests that the stock has a possible downside of 14.3%. View Analyst Price Targets 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 3 sell ratings, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hormel Foods.

What are Wall Street analysts saying about Hormel Foods stock?

Here are some recent quotes from research analysts about Hormel Foods stock:

1. According to Zacks Investment Research, "Hormel Foods’ shares have outpaced the industry in the past three months. The company is gaining on solid advertising, innovation and synergies from the buyouts of Columbus, Fontanini and Ceratti. Further, continued strength in its Refrigerated Foods segment has been aiding Hormel Foods. During the fourth quarter of fiscal 2019, Refrigerated Foods benefited from value-added growth, effective pricing and innovation. However, results were affected by the Grocery Products unit’s dismal show, which was hit by CytoSport’s divestiture. Moreover, the International unit was hurt by soft pork exports and input cost inflation. Hormel Foods continues to battle input cost headwinds stemming from the African swine fever and global trade volatility. Also, the company expects elevated protein prices for fiscal 2020." (11/27/2019)
2. Jefferies Financial Group Inc analysts commented, "HRL reported 1Q19 EPS of $0.44 which was 2c (or 4%) above our estimate & in line with consensus. Lower corporate expenses drove the beat relative to our estimates. FY19 guidance was maintained and implies a significant acceleration in segment EBIT for the remainder of the year. Management commentary points to RF, GP and International profit trends being in line or higher than expected while JOTS is trending below. 1Q19 operating results were in line with consensus and 3% above our estimate. 1Q sales came in ~$46M or ~2% below our estimate and $32M or ~1% below consensus. The sales miss was driven primarily by a lesser extent Grocery Products. EBIT beat our estimate by $8M or 3% but was in line with consensus. The EBIT beat at the segment level was primarily driven by lower corporate expense, while segment EBIT was generally in line with our estimate." (2/21/2019)

Has Hormel Foods been receiving favorable news coverage?

News stories about HRL stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Hormel Foods earned a news impact score of 2.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Hormel Foods.

Who are some of Hormel Foods' key competitors?

Some companies that are related to Hormel Foods include Mondelez International (MDLZ), Tyson Foods (TSN), General Mills (GIS), Hershey (HSY), Kellogg (K), MCCORMICK & CO /SH (MKC), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Pilgrim's Pride (PPC), Seaboard (SEB), Flowers Foods (FLO), Lancaster Colony (LANC) and J & J Snack Foods (JJSF).

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 AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), Mcdonald's (MCD), Procter & Gamble (PG), AbbVie (ABBV), Walt Disney (DIS), Lowe's Companies (LOW), Medtronic (MDT) and Starbucks (SBUX).

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the folowing 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)

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by many different of institutional and retail investors. Top institutional investors include PGGM Investments (0.04%), Tandem Investment Advisors Inc. (0.04%), State of Alaska Department of Revenue (0.03%), Janney Montgomery Scott LLC (0.02%), Commerzbank Aktiengesellschaft FI (0.02%) and Nisa Investment Advisors LLC (0.01%). 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 PGGM Investments, State of Alaska Department of Revenue, Assenagon Asset Management S.A., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Carroll Financial Associates Inc., Diversified Trust Co, Wealthfront Advisers LLC and Honkamp Krueger Financial Services Inc.. Company insiders that have sold Hormel Foods company stock in the last year include Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, 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, Terrell K Crews and Thomas R Day. View Insider Buying and Selling for Hormel Foods.

Which major investors are buying Hormel Foods stock?

HRL stock was bought by a variety of institutional investors in the last quarter, including Tandem Investment Advisors Inc., DNB Asset Management AS, F3Logic LLC, TRH Financial LLC, Nisa Investment Advisors LLC, Janney Montgomery Scott LLC, Beacon Financial Group and Townsend & Associates Inc. 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, Robinhood, Fidelity and Charles Schwab.

What is Hormel Foods' stock price today?

One share of HRL stock can currently be purchased for approximately $46.95.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $25.11 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.View Additional Information About Hormel Foods.

What is Hormel Foods' official website?

The official website for Hormel Foods is http://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]

MarketBeat Community Rating for Hormel Foods (NYSE HRL)

Community Ranking:		2.2 out of 5 ( )
Outperform Votes:		417 (Vote Outperform)
Underperform Votes:		529 (Vote Underperform)
Total Votes:		946

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 1/21/2020 by MarketBeat.com Staff

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