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NYSE:HRLHormel Foods Stock Price, Forecast & News

$48.20
+1.42 (+3.04 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$46.81
Now: $48.20
$48.26
50-Day Range
$45.73
MA: $47.82
$48.85
52-Week Range
$39.01
Now: $48.20
$51.53
Volume1.81 million shs
Average Volume1.93 million shs
Market Capitalization$25.98 billion
P/E Ratio28.19
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: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.91 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.50 billion
Cash Flow$2.13 per share
Book Value$11.08 per share

Profitability

Net Income$978.81 million

Miscellaneous

Employees18,800
Market Cap$25.98 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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, HRL shares have increased by 14.0% and is now trading at $48.20. View which stocks have been most impacted by Coronavirus.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating and 6 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) released its quarterly earnings data 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 business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Hormel Foods had a net margin of 9.64% and a return on equity of 15.38%. Hormel Foods's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. 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 annualized dividend and a yield of 1.93%. 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?

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.

What price target have analysts set for HRL?

7 Wall Street analysts have issued 12-month price objectives for Hormel Foods' shares. Their forecasts range from $40.00 to $47.00. On average, they anticipate Hormel Foods' share price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 8.7%. View analysts' price targets for Hormel Foods.

Has Hormel Foods been receiving favorable news coverage?

Press coverage about HRL stock has been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Hormel Foods earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Hormel Foods.

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 institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.14%), Hexavest Inc. (0.05%), State of Alaska Department of Revenue (0.05%), Manning & Napier Group LLC (0.03%), Addenda Capital Inc. (0.02%) and DNB Asset Management AS (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 J Lykken, Susan K Nestegard, Terrell K Crews, Thomas R Day and Todd James. View institutional ownership trends for Hormel Foods.

Which institutional investors are selling Hormel Foods stock?

HRL stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Everence Capital Management Inc., 6 Meridian, Cox Capital Mgt LLC, Addenda Capital Inc., and Curbstone Financial Management Corp. 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, Kevin L Myers, 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 institutional investors are buying Hormel Foods stock?

HRL stock was bought by a variety of institutional investors in the last quarter, including Hexavest Inc., State of Alaska Department of Revenue, Patton Fund Management Inc., Manning & Napier Group LLC, Unison Advisors LLC, DNB Asset Management AS, Ellevest Inc., and Trinity Legacy Partners LLC. 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 $48.20.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $25.98 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 7/11/2020 by MarketBeat.com Staff

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