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NYSE:HRL

Hormel Foods - HRL Stock Forecast, Price & News

$48.91
-0.02 (-0.04%)
(As of 08/5/2022 04:00 PM ET)
Add
Compare
Today's Range
$48.25
$48.91
50-Day Range
$44.69
$49.39
52-Week Range
$40.48
$55.11
Volume
60,010 shs
Average Volume
1.90 million shs
Market Capitalization
$26.71 billion
P/E Ratio
27.95
Dividend Yield
2.13%
Price Target
$47.83

Hormel Foods MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.2% Downside
$47.83 Price Target
Short Interest
Bearish
3.77% 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.

1.82 out of 5 stars

Consumer Staples Sector

123rd out of 183 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.

Hormel Foods Price Performance

HRL Stock traded down $0.02 during mid-day trading on Friday, reaching $48.91. 1,164,581 shares of the company traded hands, compared to its average volume of 1,151,095. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.28 and a quick ratio of 1.20. The company has a market capitalization of $26.71 billion, a P/E ratio of 27.95, a P/E/G ratio of 3.35 and a beta of 0.13. Hormel Foods has a 52-week low of $40.48 and a 52-week high of $55.11. The company has a fifty day moving average price of $47.23 and a 200-day moving average price of $49.19.

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

Hormel Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, July 11th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, July 8th. Hormel Foods's payout ratio is 59.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HRL shares. Credit Suisse Group lowered their target price on Hormel Foods to $44.00 in a research note on Friday, June 3rd. Piper Sandler lowered their price objective on Hormel Foods to $48.00 in a research note on Friday, June 3rd. One equities 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, the stock has a consensus rating of "Hold" and an average target price of $47.83.

Insider Transactions at Hormel Foods

In other news, Director Christopher J. Policinski sold 2,110 shares of the business's stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $46.27, for a total transaction of $97,629.70. Following the completion of the transaction, the director now owns 85,254 shares of the company's stock, valued at $3,944,702.58. The sale 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 business's stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $46.27, for a total value of $97,629.70. Following the completion of the sale, the director now owns 85,254 shares in the company, valued at approximately $3,944,702.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin L. Myers sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $45.07, for a total value of $225,350.00. Following the completion of the sale, the senior vice president now owns 32,869 shares of the company's stock, 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.

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HRL Stock News Headlines

Happy 85th Birthday, Spam!
BELOVED SPAM® BRAND CELEBRATES 85TH BIRTHDAY
Hormel: A Steady Dividend Stock for Uncertain Times
Hormel Foods Corp - Stock Dividends HRL
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HRL Company Calendar

Ex-Dividend for 5/16 Dividend
4/08/2022
Dividend Payable
5/16/2022
Last Earnings
6/02/2022
Ex-Dividend for 8/15 Dividend
7/08/2022
Today
8/08/2022
Dividend Payable
8/15/2022
Next Earnings (Estimated)
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
-2.2%
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
$2.17 per share
Book Value
$12.86 per share

Miscellaneous

Free Float
541,797,000
Market Cap
$26.71 billion
Optionable
Optionable
Beta
0.13

Social Links


Key Executives














HRL Stock - Frequently Asked Questions

Should I buy or sell Hormel Foods stock right now?

7 Wall Street 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 research analysts is that investors should "hold" Hormel Foods stock. 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 analyst ratings for Hormel Foods
or view top-rated stocks.

What is Hormel Foods' stock price forecast for 2022?

7 brokers have issued 12-month target prices for Hormel Foods' stock. Their HRL stock forecasts range from $44.00 to $57.00. On average, they anticipate Hormel Foods' share price to reach $47.83 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
View analysts' price targets for Hormel Foods
or view top-rated stocks among Wall Street analysts.

How has Hormel Foods' stock performed in 2022?

Hormel Foods' stock was trading at $48.81 at the beginning of 2022. Since then, HRL stock has increased by 0.2% and is now trading at $48.91.
View the best growth stocks for 2022 here
.

When is Hormel Foods' next earnings date?

Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our earnings forecast for Hormel Foods
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) announced its earnings results on Thursday, June, 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.07 billion. Hormel Foods had a trailing twelve-month return on equity of 14.10% and a net margin of 7.70%. The firm's revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS.
Read Hormel Foods' conference call transcript
.

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

Hormel Foods announced a quarterly dividend on Monday, May 23rd. Stockholders 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 2.13%. The ex-dividend date of this dividend is Friday, July 8th.
View Hormel Foods' dividend history
.

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 2.13%. Hormel Foods 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 of Hormel Foods is 59.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 50.24% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.
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 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 guidance has Hormel Foods issued on next quarter's earnings?

Hormel Foods updated its FY 2022 earnings guidance on Thursday, June, 30th. The company provided earnings per share guidance of $1.87-$1.97 for the period, compared to the consensus EPS 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 CEO James P. Snee on Glassdoor.com. James P. Snee has an approval rating of 89% among Hormel Foods' 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 a variety of retail and institutional investors. Top institutional investors include ProShare Advisors LLC (0.58%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Scout Investments Inc. (0.21%), TD Asset Management Inc. (0.21%), US Bancorp DE (0.19%) and Allspring Global Investments Holdings LLC (0.16%). Company insiders that own Hormel Foods 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 for Hormel Foods
.

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 $48.91.

How much money does Hormel Foods make?

Hormel Foods (NYSE:HRL) has a market capitalization of $26.71 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?

Hormel Foods 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 Hormel Foods 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 8/8/2022 by MarketBeat.com Staff

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