S&P 500   4,288.56 (-0.39%)
DOW   34,073.73 (-0.23%)
QQQ   330.70 (-0.48%)
AAPL   175.88 (+1.65%)
MSFT   292.93 (+0.08%)
META   177.27 (-1.23%)
GOOGL   120.69 (-0.83%)
AMZN   142.78 (-1.38%)
TSLA   925.22 (+0.60%)
NVDA   184.93 (-2.04%)
NIO   20.42 (-2.34%)
BABA   90.80 (-2.00%)
AMD   98.78 (-1.42%)
MU   61.85 (-3.15%)
T   18.58 (+0.05%)
CGC   4.17 (+10.32%)
F   16.19 (-1.46%)
GE   80.12 (-1.17%)
DIS   123.91 (-0.84%)
AMC   22.21 (-10.48%)
PYPL   100.75 (-1.30%)
PFE   49.61 (-0.50%)
NFLX   243.09 (-1.06%)
S&P 500   4,288.56 (-0.39%)
DOW   34,073.73 (-0.23%)
QQQ   330.70 (-0.48%)
AAPL   175.88 (+1.65%)
MSFT   292.93 (+0.08%)
META   177.27 (-1.23%)
GOOGL   120.69 (-0.83%)
AMZN   142.78 (-1.38%)
TSLA   925.22 (+0.60%)
NVDA   184.93 (-2.04%)
NIO   20.42 (-2.34%)
BABA   90.80 (-2.00%)
AMD   98.78 (-1.42%)
MU   61.85 (-3.15%)
T   18.58 (+0.05%)
CGC   4.17 (+10.32%)
F   16.19 (-1.46%)
GE   80.12 (-1.17%)
DIS   123.91 (-0.84%)
AMC   22.21 (-10.48%)
PYPL   100.75 (-1.30%)
PFE   49.61 (-0.50%)
NFLX   243.09 (-1.06%)
S&P 500   4,288.56 (-0.39%)
DOW   34,073.73 (-0.23%)
QQQ   330.70 (-0.48%)
AAPL   175.88 (+1.65%)
MSFT   292.93 (+0.08%)
META   177.27 (-1.23%)
GOOGL   120.69 (-0.83%)
AMZN   142.78 (-1.38%)
TSLA   925.22 (+0.60%)
NVDA   184.93 (-2.04%)
NIO   20.42 (-2.34%)
BABA   90.80 (-2.00%)
AMD   98.78 (-1.42%)
MU   61.85 (-3.15%)
T   18.58 (+0.05%)
CGC   4.17 (+10.32%)
F   16.19 (-1.46%)
GE   80.12 (-1.17%)
DIS   123.91 (-0.84%)
AMC   22.21 (-10.48%)
PYPL   100.75 (-1.30%)
PFE   49.61 (-0.50%)
NFLX   243.09 (-1.06%)
S&P 500   4,288.56 (-0.39%)
DOW   34,073.73 (-0.23%)
QQQ   330.70 (-0.48%)
AAPL   175.88 (+1.65%)
MSFT   292.93 (+0.08%)
META   177.27 (-1.23%)
GOOGL   120.69 (-0.83%)
AMZN   142.78 (-1.38%)
TSLA   925.22 (+0.60%)
NVDA   184.93 (-2.04%)
NIO   20.42 (-2.34%)
BABA   90.80 (-2.00%)
AMD   98.78 (-1.42%)
MU   61.85 (-3.15%)
T   18.58 (+0.05%)
CGC   4.17 (+10.32%)
F   16.19 (-1.46%)
GE   80.12 (-1.17%)
DIS   123.91 (-0.84%)
AMC   22.21 (-10.48%)
PYPL   100.75 (-1.30%)
PFE   49.61 (-0.50%)
NFLX   243.09 (-1.06%)
NYSE:HRL

Hormel Foods - HRL Stock Forecast, Price & News

$50.96
+0.32 (+0.63%)
(As of 08/17/2022 02:39 PM ET)
Add
Compare
Today's Range
$50.55
$50.97
50-Day Range
$44.69
$50.64
52-Week Range
$40.48
$55.11
Volume
21,536 shs
Average Volume
1.14 million shs
Market Capitalization
$27.83 billion
P/E Ratio
29.12
Dividend Yield
2.06%
Price Target
$47.83

Hormel Foods MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.0% Downside
$47.83 Price Target
Short Interest
Bearish
3.90% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$322,980 Sold Last Quarter
Proj. Earnings Growth
10.70%
From $1.87 to $2.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.89 out of 5 stars

Consumer Staples Sector

130th out of 149 stocks

Meat Packing Plants Industry

1st out of 2 stocks

HRL stock logo

About Hormel Foods (NYSE:HRL) Stock

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Credit Suisse Group lowered their target price on shares of Hormel Foods to $44.00 in a research note on Friday, June 3rd. Piper Sandler lowered their target price on shares of Hormel Foods to $48.00 in a research note on Friday, June 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Hormel Foods currently has an average rating of "Hold" and an average target price of $47.83.

Hormel Foods Stock Up 0.3 %

NYSE:HRL traded up $0.13 during trading hours on Wednesday, reaching $50.77. The company had a trading volume of 10,087 shares, compared to its average volume of 1,142,287. The firm has a market cap of $27.72 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 3.46 and a beta of 0.13. The business's 50-day simple moving average is $47.66 and its two-hundred day simple moving average is $49.29. Hormel Foods has a twelve month low of $40.48 and a twelve month high of $55.11. The company has a quick ratio of 1.20, a current ratio of 2.28 and a debt-to-equity ratio of 0.45.

Hormel Foods (NYSE:HRL - Get Rating) last issued its quarterly earnings data on Thursday, June 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. The firm had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.07 billion. Hormel Foods had a net margin of 7.70% and a return on equity of 14.10%. The business's revenue was up 18.8% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, equities analysts expect that Hormel Foods will post 1.87 earnings per share for the current year.

Hormel Foods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, July 11th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, July 8th. Hormel Foods's payout ratio is currently 59.43%.

Insider Activity at Hormel Foods

In related news, Director Christopher J. Policinski sold 2,110 shares of the firm's stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $46.27, for a total transaction of $97,629.70. Following the transaction, the director now directly owns 85,254 shares of the company's stock, valued at $3,944,702.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Christopher J. Policinski sold 2,110 shares of the firm's stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $46.27, for a total transaction of $97,629.70. Following the transaction, the director now directly owns 85,254 shares of the company's stock, valued at $3,944,702.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin L. Myers sold 5,000 shares of Hormel Foods stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $45.07, for a total transaction of $225,350.00. Following the completion of the sale, the senior vice president now directly owns 32,869 shares in the company, valued at approximately $1,481,405.83. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

Receive HRL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Hormel Foods and its competitors with MarketBeat's FREE daily newsletter.

HRL Stock News Headlines

Is Tyson Foods A Buy On Post-Earnings Weakness?  (HRL)
Shares of Tyson are down hard in the wake of the Q3 results but may be offering an entry point to value-minded income investors.
How High Can Copper Go?
To power the green revolution, copper demand continues to skyrocket with no end in sight. Prices hit a 10-year high; as copper jumped 79% in the past year. Some analysts are calling for copper to rise another 50-100%! We may be at the beginning of a copper bull run the likes we've never seen before. Just how high can copper go?
How High Can Copper Go?
To power the green revolution, copper demand continues to skyrocket with no end in sight. Prices hit a 10-year high; as copper jumped 79% in the past year. Some analysts are calling for copper to rise another 50-100%! We may be at the beginning of a copper bull run the likes we've never seen before. Just how high can copper go?
Happy 85th Birthday, Spam!
BELOVED SPAM® BRAND CELEBRATES 85TH BIRTHDAY
See More Headlines
Receive HRL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Hormel Foods and its competitors with MarketBeat's FREE daily newsletter.

HRL Company Calendar

Last Earnings
6/02/2022
Ex-Dividend for 8/15 Dividend
7/08/2022
Dividend Payable
8/15/2022
Today
8/17/2022
Next Earnings (Confirmed)
9/01/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Meat packing plants
Sub-Industry
Packaged Foods & Meats
CUSIP
44045210
Employees
20,000
Year Founded
1891

Price Target and Rating

Average Stock Price Forecast
$47.83
High Stock Price Forecast
$57.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
-6.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$908.84 million
Pretax Margin
9.53%

Debt

Sales & Book Value

Annual Sales
$11.39 billion
Cash Flow
$2.19 per share
Book Value
$12.86 per share

Miscellaneous

Free Float
541,797,000
Market Cap
$27.83 billion
Optionable
Optionable
Beta
0.13

Social Links















HRL Stock - Frequently Asked Questions

Should I buy or sell Hormel Foods stock right now?

7 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, 5 hold ratings and 1 buy rating 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.
View HRL analyst ratings
or view top-rated stocks.

What is Hormel Foods' stock price forecast for 2022?

7 brokers have issued 12-month price objectives for Hormel Foods' shares. Their HRL share price forecasts range from $44.00 to $57.00. On average, they predict the company's stock price to reach $47.83 in the next twelve months. This suggests that the stock has a possible downside of 5.5%.
View analysts price targets for HRL
or view top-rated stocks among Wall Street analysts.

How have HRL shares performed in 2022?

Hormel Foods' stock was trading at $48.81 at the beginning of 2022. Since then, HRL stock has increased by 3.7% and is now trading at $50.64.
View the best growth stocks for 2022 here
.

When is Hormel Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our HRL earnings forecast
.

How can I listen to Hormel Foods' earnings call?

Hormel Foods will be holding an earnings conference call on Thursday, September 1st at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) issued its quarterly earnings results on Thursday, June, 2nd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The business earned $3.10 billion during the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share.
Read the conference call transcript
.

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

Hormel Foods declared 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 2.05%. The ex-dividend date is Friday, July 8th.
Read our dividend analysis for HRL
.

Is Hormel Foods a good dividend stock?

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.06%. The company 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 is 59.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRL will have a dividend payout ratio of 50.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRL.

When did Hormel Foods' stock split?

Hormel Foods's stock 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 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.

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

Hormel Foods issued an update on its FY 2022 earnings guidance on Thursday, June, 30th. The company provided earnings per share (EPS) guidance of $1.87-$1.97 for the period, compared to the consensus 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.

What is James P. Snee's approval rating as Hormel Foods' CEO?

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.

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), AbbVie (ABBV), Procter & Gamble (PG), Walmart (WMT), Walt Disney (DIS), Exxon Mobil (XOM), Medtronic (MDT), NVIDIA (NVDA) and PepsiCo (PEP).

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 institutional and retail investors. Top institutional shareholders include State Street Corp (4.94%), Principal Financial Group Inc. (1.09%), ProShare Advisors LLC (0.58%), Northern Trust Corp (0.58%), Renaissance Technologies LLC (0.54%) and California Public Employees Retirement System (0.40%). Insiders that own company stock include Christopher J Policinski, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, Howse Steve, James M Splinter, James N Sheehan, 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, Swen Neufeldt, Terrell K Crews, Thomas R Day and Todd James.
View institutional ownership trends
.

How do I buy shares of Hormel Foods?

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.
Compare Top Brokerages Here.

What is Hormel Foods' stock price today?

One share of HRL stock can currently be purchased for approximately $50.64.

How much money does Hormel Foods make?

Hormel Foods (NYSE:HRL) has a market capitalization of $27.65 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.

How many employees does Hormel Foods have?

The company employs 20,000 workers across the globe.

Does Hormel Foods have any subsidiaries?
The following companies are subsidiares of Hormel Foods: 199 Ventures LLC, Alma Foods LLC, Applegate, Applegate Farms LLC, Applegate Investment Corporation, Arriba Foods Inc., Beijing Hormel Business Management Co. Ltd., Beijing Hormel Foods Co. Ltd., Boca Grande Foods Inc., Burke Corporation, Burke Marketing Corporation, Campoco Inc., Castelmassa Participação S.A., Century Foods International, Century Foods International LLC, Century Foods Land Development LLC, Ceratti, ChampBev Inc., Cidade do Sol Alimentos S.A., Clean Field Comercio de Produtos Alimenticios Ltda., Columbus Manufacturing, Columbus Manufacturing Inc., Creative Contract Packaging LLC, Cultivated Foods LLC, CytoSport, Dan’s Prize Inc., Diamond Crystal Brands, Diversified Foods Insurance Company LLC, Dold Foods LLC, Farmer John, Fontanini Foods LLC, Fontanini Italian Meats and Sausages, HF International Holdings C.V., Hormel (China) Investment Co. Ltd., Hormel Canada Ltd., Hormel Financial Services Corporation, Hormel Foods Asia Pacific Pte. Ltd., Hormel Foods Australia Pty Limited, Hormel Foods Brazil Paricipações Ltda., Hormel Foods Corporate Services LLC, Hormel Foods International Corporation, Hormel Foods Japan KK, Hormel Foods LLC, Hormel Foods México S. de R.L. de C.V., Hormel Foods Sales LLC, Hormel Health Labs LLC, Hormel International Investments LLC, Hormel MM Holding Corporation, Hormel Netherlands B.V., JJOTS LLC, Jennie-O Turkey Store, Jennie-O Turkey Store Inc., Jennie-O Turkey Store International Inc., Jennie-O Turkey Store LLC, Jennie-O Turkey Store Sales LLC, Jiaxing Hormel Foods Co. Ltd., Justin’s, Justin’s LLC, Lloyd's Barbeque, Lloyd’s Barbeque Company LLC, Logistic Service LLC, Mark Lynn Foods Inc., Melting Pot Foods LLC, Mespil Inc., Mexican Accent LLC, Mountain Prairie LLC, Omamori Indústria de Alimentos Ltda., Osceola Food LLC, PT Hormel Garudafood Jaya, Papillion Foods LLC, Pistóia – Participações S.A., Planters, Progressive Processing LLC, Provena Foods Inc., R.N.C. – Participações Ltda., Rochelle Foods LLC, SKIPPY, Saag's Products, Sadler's Smokehouse LLC, Sadler's Smokehouse Ltd, Shanghai Hormel Foods Co. Ltd., Shedd’s Country Crock Business - Unilever, Skippy Foods LLC, Stagg Foods LLC, Talis Distribuidora de Alimentos Ltda., Valley Fresh, Valley Fresh Inc., and West Central Turkeys LLC.
Read More
When was Hormel Foods founded?

Hormel Foods was founded in 1891.

How can I contact Hormel Foods?

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.

This page (NYSE:HRL) was last updated on 8/17/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.