NYSE:HRL Hormel Foods Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Hormel Foods Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $48.75 -0.76 (-1.54 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$48.51Now: $48.75▼$49.8250-Day Range$49.45MA: $51.20▼$52.7152-Week Range$39.01Now: $48.75▼$52.97Volume2.09 million shsAverage Volume2.40 million shsMarket Capitalization$26.31 billionP/E Ratio28.51Dividend Yield1.88%Beta-0.04 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 1.0 Analyst's Opinion Consensus RatingHormel Foods has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $45.71, Hormel Foods has a forecasted downside of 6.2% from its current price of $48.75.Amount of Analyst CoverageHormel Foods has only been the subject of 2 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesHormel Foods has received 446 “outperform” votes. (Add your “outperform” vote.)Underperform VotesHormel Foods has received 562 “underperform” votes. (Add your “underperform” vote.)Community SentimentHormel Foods has received 55.75% “underperform” votes from our community.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. Previous Next 2.5 Dividend Strength Dividend YieldHormel Foods pays a meaningful dividend of 1.88%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthHormel Foods has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Hormel Foods is 53.45%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Hormel Foods will have a dividend payout ratio of 51.67% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Hormel Foods insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,371,539.00 in company stock.Percentage Held by InsidersOnly 1.15% of the stock of Hormel Foods is held by insiders.Percentage Held by Institutions42.68% of the stock of Hormel Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Hormel Foods are expected to grow by 7.14% in the coming year, from $1.68 to $1.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Hormel Foods is 28.51, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Hormel Foods is 28.51, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 49.38.Price to Earnings Growth RatioHormel Foods has a PEG Ratio of 3.95. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioHormel Foods has a P/B Ratio of 4.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.0Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.59 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Meat packing plants Sub-IndustryPackaged Foods & Meats SectorConsumer Staples Current SymbolNYSE:HRL Previous Symbol CUSIP44045210 CIK48465 Webwww.hormelfoods.com Phone507-437-5611Debt Debt-to-Equity Ratio0.17 Current Ratio2.39 Quick Ratio1.70Price-To-Earnings Trailing P/E Ratio28.51 Forward P/E Ratio29.02 P/E Growth3.95 Sales & Book Value Annual Sales$9.50 billion Price / Sales2.77 Cash Flow$2.03 per share Price / Cash Flow23.99 Book Value$11.08 per share Price / Book4.40Profitability EPS (Most Recent Fiscal Year)$1.74 Net Income$978.81 million Net Margins9.59% Return on Equity15.20% Return on Assets10.81%Miscellaneous Employees18,800 Outstanding Shares539,608,000Market Cap$26.31 billion Next Earnings Date11/24/2020 (Estimated) OptionableOptionable $48.75 -0.76 (-1.54 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive HRL News and Ratings via Email Sign-up to receive the latest news and ratings for HRL and its competitors with MarketBeat's FREE daily newsletter. Hormel Foods (NYSE:HRL) Frequently Asked Questions How has Hormel Foods' stock price been impacted by COVID-19 (Coronavirus)? Hormel Foods' stock was trading at $42.27 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, HRL stock has increased by 15.3% and is now trading at $48.75. View which stocks have been most impacted by COVID-19. 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, 6 hold ratings and 1 buy rating 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 Tuesday, November 24th 2020. View our earnings forecast for Hormel Foods. How were Hormel Foods' earnings last quarter? Hormel Foods Corp (NYSE:HRL) released its quarterly earnings results on Tuesday, August, 25th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The business earned $2.38 billion during the quarter, compared to analysts' expectations of $2.38 billion. Hormel Foods had a net margin of 9.59% and a return on equity of 15.20%. The business's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 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. Stockholders 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 1.91%. The ex-dividend date of this dividend is Friday, July 10th. View Hormel Foods' dividend history. When did Hormel Foods' stock split? How did Hormel Foods' stock split work? 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 minted 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 brokerages have issued twelve-month target prices for Hormel Foods' shares. Their forecasts range from $40.00 to $56.00. On average, they expect Hormel Foods' share price to reach $45.71 in the next twelve months. This suggests that the stock has a possible downside of 6.2%. View analysts' price targets for Hormel Foods. Who are some of Hormel Foods' key competitors? Some companies that are related to Hormel Foods include Mondelez International (MDLZ), General Mills (GIS), Hershey (HSY), MCCORMICK & CO /SH (MKC), Tyson Foods (TSN), Kellogg (K), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Flowers Foods (FLO), Lancaster Colony (LANC), Pilgrim's Pride (PPC), Seaboard (SEB) and Hain Celestial Group (HAIN). View all 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), AbbVie (ABBV), Procter & Gamble (PG), Walt Disney (DIS), Walmart (WMT), Exxon Mobil (XOM), NVIDIA (NVDA), Medtronic (MDT) and Mcdonald's (MCD). 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.26%), Principal Financial Group Inc. (0.79%), Principal Financial Group Inc. (0.79%), Mairs & Power Inc. (0.79%), AQR Capital Management LLC (0.67%) and APG Asset Management N.V. (0.65%). 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 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 Vanguard Group Inc., Goldman Sachs Group Inc., Macquarie Group Ltd., Bank of America Corp DE, ProShare Advisors LLC, Victory Capital Management Inc., Barclays PLC, and GW Henssler & Associates Ltd.. 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 M Splinter, Jana L Haynes, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Patrick J Connor, Robert Nakasone, Steven J Lykken, Susan K Nestegard, 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 First Trust Advisors LP, Unigestion Holding SA, AQR Capital Management LLC, APG Asset Management N.V., Robeco Institutional Asset Management B.V., Great West Life Assurance Co. Can, Nuveen Asset Management LLC, and Two Sigma Advisers 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 $48.75. How big of a company is Hormel Foods? Hormel Foods has a market capitalization of $26.31 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 9/20/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
