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NYSE:HRL

Hormel Foods - HRL Stock Forecast, Price & News

$47.44
-0.18 (-0.38%)
(As of 12/8/2022 02:21 PM ET)
Add
Compare
Today's Range
$47.44
$48.11
50-Day Range
$44.54
$49.41
52-Week Range
$42.26
$55.11
Volume
45,933 shs
Average Volume
1.69 million shs
Market Capitalization
$25.91 billion
P/E Ratio
25.92
Dividend Yield
2.22%
Price Target
$48.00

Hormel Foods MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.0% Upside
$48.00 Price Target
Short Interest
Healthy
3.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
0.27mentions of Hormel Foods in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$236,000 Sold Last Quarter
Proj. Earnings Growth
6.35%
From $1.89 to $2.01 Per Share

Overall MarketRank

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

1.92 out of 5 stars

Consumer Staples Sector

90th out of 141 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.

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HRL Stock News Headlines

Hormel: Is This The Time To Buy?
Hormel Foods falls hard on 2023 guidance but the move has opened up an opportunity for income investors who want to buy this Dividend Aristocrat.
We Remain Bullish On Hormel Foods Despite The Selloff
Short Interest in Hormel Foods Co. (NYSE:HRL) Drops By 8.5%
Hormel Foods (NYSE:HRL) Releases FY23 Earnings Guidance
Hormel Revenue Drops 5%
Hormel Foods (HRL) Q4 Earnings Surpass Estimates
Hormel Foods Stock Drops as Sales Forecast Falls Short
Hormel’s Revenue Slips 5% on Fewer Turkey Sales
Hormel Stock Gets Basted on Turkey Warning
Hormel Foods Needs a New Recipe for Its Charts
Hormel Foods FQ4 2022 Earnings Preview
See More Headlines
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HRL Company Calendar

Ex-Dividend for 11/15 Dividend
10/14/2022
Dividend Payable
11/15/2022
Last Earnings
11/30/2022
Today
12/08/2022
Fiscal Year End
10/31/2023

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
$48.00
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+1.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$999.99 million
Pretax Margin
10.26%

Debt

Sales & Book Value

Annual Sales
$12.46 billion
Cash Flow
$2.34 per share
Book Value
$13.81 per share

Miscellaneous

Free Float
541,938,000
Market Cap
$25.91 billion
Optionable
Optionable
Beta
0.16

Social Links


Key Executives

  • Mr. James P. Snee (Age 55)
    Chairman, Pres & CEO
    Comp: $6.05M
  • Ms. Jacinth C. Smiley (Age 53)
    Exec. VP & CFO
    Comp: $728.38k
  • Ms. Lori J. MarcoMs. Lori J. Marco (Age 55)
    Sr. VP of External Affairs & Gen. Counsel
    Comp: $1.11M
  • Ms. Deanna T. BradyMs. Deanna T. Brady (Age 57)
    Exec. VP of Refrigerated Foods
    Comp: $1.38M
  • David W. Dahlstrom
    Director of Investor Relations
  • Mr. Pierre M. Lilly (Age 51)
    Sr. VP & Chief Compliance Officer
  • Ms. Wendy A. Watkins (Age 56)
    Sr. VP & Chief Communications Officer
  • Ms. Janet L. Hogan (Age 58)
    Sr. VP of HR
  • Ms. Katie Larson
    Sr. VP of HR
  • Mr. D. Scott Aakre (Age 58)
    Sr. VP of Brand Fuel













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 year. 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 2023?

7 analysts have issued 12 month target prices for Hormel Foods' shares. Their HRL share price forecasts range from $44.00 to $53.00. On average, they predict the company's stock price to reach $48.00 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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 start of the year. Since then, HRL stock has decreased by 1.6% and is now trading at $48.04.
View the best growth stocks for 2022 here
.

Are investors shorting Hormel Foods?

Hormel Foods saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 9,050,000 shares, a drop of 8.5% from the October 31st total of 9,890,000 shares. Based on an average trading volume of 1,680,000 shares, the short-interest ratio is presently 5.4 days. Currently, 3.1% of the company's shares are sold short.
View Hormel Foods' Short Interest
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) announced its quarterly earnings results on Wednesday, November, 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.33 billion. Hormel Foods had a trailing twelve-month return on equity of 13.62% and a net margin of 8.03%. The firm's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS.
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, November 21st. Shareholders of record on Tuesday, January 17th will be given a dividend of $0.275 per share on Wednesday, February 15th. This represents a $1.10 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, January 13th. This is a boost from the stock's previous quarterly dividend of $0.26.
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 2.22%. 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 56.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HRL will have a dividend payout ratio of 51.74% 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 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 2023 earnings guidance on Wednesday, November, 30th. The company provided EPS guidance of $1.83-$1.93 for the period, compared to the consensus earnings per share estimate of $2.00. The company issued revenue guidance of $12.60 billion-$12.90 billion, compared to the consensus revenue estimate of $13.01 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.42%), BlackRock Inc. (5.40%), State Street Corp (5.03%), ProShare Advisors LLC (0.62%), Renaissance Technologies LLC (0.43%) and Bank of New York Mellon Corp (0.40%). Insiders that own company stock include Christopher J Policinski, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, 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, Steven J Lykken, Susan K Nestegard, Swen Neufeldt, Terrell K Crews and Thomas R Day.
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 $48.04.

How much money does Hormel Foods make?

Hormel Foods (NYSE:HRL) has a market capitalization of $26.24 billion and generates $12.46 billion in revenue each year. The company earns $999.99 million in net income (profit) each year or $1.83 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.
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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 12/8/2022 by MarketBeat.com Staff