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DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:HRL

Hormel Foods Stock Forecast, Price & News

$44.87
+0.90 (+2.05 %)
(As of 01/15/2021 08:00 PM ET)
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Today's Range
$43.89
Now: $44.87
$44.98
50-Day Range
$43.97
MA: $46.67
$47.94
52-Week Range
$39.01
Now: $44.87
$52.97
Volume147,749 shs
Average Volume2.98 million shs
Market Capitalization$24.23 billion
P/E Ratio26.87
Dividend Yield2.18%
Beta-0.06
Hormel Foods Corporation produces and markets various meat 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 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 under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, etc. brand names 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.
Hormel Foods logo

MarketRank

Overall MarketRank

2.04 out of 5 stars

Consumer Staples Sector

28th out of 39 stocks

Meat Packing Plants Industry

1st out of 1 stocks

Analyst Opinion: 0.9Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
CUSIP44045210
Phone507-437-5611
Employees19,100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.61 billion
Cash Flow$2.10 per share
Book Value$11.91 per share

Profitability

Net Income$908.08 million

Miscellaneous

Market Cap$24.23 billion
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
$44.87
+0.90 (+2.05 %)
(As of 01/15/2021 08:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Hormel Foods (NYSE:HRL) Frequently Asked Questions

How has Hormel Foods' stock been impacted by Coronavirus?

Hormel Foods' stock was trading at $42.27 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, HRL shares have increased by 6.2% and is now trading at $44.87.
View which stocks have been most impacted by COVID-19
.

Is Hormel Foods a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating and 7 hold ratings 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Hormel Foods?

Wall Street analysts have given Hormel Foods a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Hormel Foods wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Hormel Foods' next earnings date?

Hormel Foods is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Hormel Foods
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) posted its quarterly earnings results on Monday, November, 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.01. The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.60 billion. Hormel Foods had a net margin of 9.45% and a return on equity of 14.55%. During the same period in the prior year, the company posted $0.47 EPS.
View Hormel Foods' earnings history
.

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

Hormel Foods declared a quarterly dividend on Monday, November 23rd. Shareholders of record on Monday, January 11th will be given a dividend of $0.245 per share on Tuesday, February 16th. This represents a $0.98 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, January 8th. This is a positive change from Hormel Foods's previous quarterly dividend of $0.23.
View Hormel Foods' dividend history
.

Is Hormel Foods a good dividend stock?

Hormel Foods pays an annual dividend of $0.98 per share and currently has a dividend yield of 2.18%. Hormel Foods has been increasing its dividend for 53 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Hormel Foods is 59.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 52.97% 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?

Hormel Foods shares 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 closing bell 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 Wall Street analysts have issued 12 month target prices for Hormel Foods' shares. Their forecasts range from $44.00 to $56.00. On average, they anticipate Hormel Foods' share price to reach $46.83 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
View analysts' price targets for Hormel Foods
or view Wall Street analyst' top-rated stocks.

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

Who are Hormel Foods' key executives?

Hormel Foods' management team includes the following people:
  • Mr. James P. Snee, Chairman, Pres & CEO (Age 54, Pay $6.59M)
  • Mr. James N. Sheehan, Exec. VP & CFO (Age 66, Pay $1.83M)
  • Ms. Lori J. Marco, Sr. VP of External Affairs & Gen. Counsel (Age 54, Pay $1.24M)
  • Ms. Deanna T. Brady, Exec. VP of Refrigerated Foods (Age 56, Pay $1.36M)
  • Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 61, Pay $1.77M)
  • Mr. Nathan P. Annis, Director of Investor Relations
  • Mr. Pierre M. Lilly, Sr. VP & Chief Compliance Officer
  • Ms. Wendy A. Watkins, VP of Corp. Communications
  • Mr. Fred D. Halvin, VP of Corp. Devel.
  • Ms. Janet L. Hogan, Sr. VP of HR (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 variety of institutional and retail investors. Top institutional investors include Tandem Investment Advisors Inc. (0.05%), State of Alaska Department of Revenue (0.03%), Hexavest Inc. (0.03%), Crossmark Global Holdings Inc. (0.01%), Cox Capital Mgt LLC (0.01%) and Curbstone Financial Management Corp (0.01%). Company insiders that own Hormel Foods stock include 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, Swen Neufeldt, 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 Hexavest Inc., State of Alaska Department of Revenue, Crossmark Global Holdings Inc., Sowell Financial Services LLC, Curbstone Financial Management Corp, Pinnacle Financial Partners Inc., NuWave Investment Management LLC, and Carlson Capital Management. Company insiders that have sold Hormel Foods company stock in the last year include Deanna T Brady, Elsa A Murano, Glenn R Leitch, James M Splinter, Jana L Haynes, Lori J Marco, Luis G Marconi, Steven J Lykken, Susan K Nestegard, Swen Neufeldt, Terrell K Crews, and Thomas R Day.
View insider buying and selling activity for Hormel Foods
or view top insider-selling stocks.

Which institutional investors are buying Hormel Foods stock?

HRL stock was purchased by a variety of institutional investors in the last quarter, including Tandem Investment Advisors Inc., IFM Investors Pty Ltd, Louisiana State Employees Retirement System, Kovack Advisors Inc., Cox Capital Mgt LLC, and CX Institutional. Company insiders that have bought Hormel Foods stock in the last two years include Steven J Lykken, Swen Neufeldt, and Todd James.
View insider buying and selling activity for Hormel Foods
or or view top insider-buying stocks.

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 WeBull, 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 $44.87.

How big of a company is Hormel Foods?

Hormel Foods has a market capitalization of $24.23 billion and generates $9.61 billion in revenue each year. The company earns $908.08 million in net income (profit) each year or $1.66 on an earnings per share basis. Hormel Foods employs 19,100 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 1/19/2021 by MarketBeat.com Staff

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