Should I buy or sell Hormel Foods stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" HRL shares. View HRL analyst ratings or view top-rated stocks .

What is Hormel Foods' stock price target for 2024?

6 equities research analysts have issued 1 year target prices for Hormel Foods' stock. Their HRL share price targets range from $28.00 to $35.00. On average, they anticipate the company's share price to reach $31.67 in the next year. This suggests a possible upside of 3.4% from the stock's current price. View analysts price targets for HRL or view top-rated stocks among Wall Street analysts .

How have HRL shares performed in 2024?

Hormel Foods' stock was trading at $32.11 on January 1st, 2024. Since then, HRL shares have decreased by 4.6% and is now trading at $30.64. View the best growth stocks for 2024 here .

When is Hormel Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 29th 2024. View our HRL earnings forecast .

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) released its quarterly earnings results on Thursday, May, 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.97 billion. Hormel Foods had a trailing twelve-month return on equity of 11.31% and a net margin of 6.37%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. Read the 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 20th. Shareholders of record on Monday, July 15th will be given a dividend of $0.2825 per share on Thursday, August 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Monday, July 15th. Read our dividend analysis for HRL .

Is Hormel Foods a good dividend stock?

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.13 per share and currently has a dividend yield of 3.69%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 80.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HRL will have a dividend payout ratio of 66.86% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for HRL .

What ETFs hold Hormel Foods' stock?

ETFs with the largest weight of Hormel Foods (NYSE:HRL) stock in their portfolio include Roundhill S&P Dividend Monarchs ETF (KNGS) , Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) , First Trust Consumer Staples AlphaDEX Fund (FXG) , Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS) , Victoryshares Dividend Accelerator ETF (VSDA) , First Trust Nasdaq Food & Beverage ETF (FTXG) , MarketDesk Focused U.S. Dividend ETF (FDIV) and Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD) .

When did Hormel Foods' stock split?

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 issued shares were issued to shareholders after the closing bell 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 updated its FY24 earnings guidance on Thursday, May, 30th. The company provided earnings per share guidance of $1.55-1.65 for the period, compared to the consensus estimate of $1.58. The company issued revenue guidance of $12.2-12.5 billion, compared to the consensus revenue estimate of $12.25 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) .

Who are Hormel Foods' major shareholders?

Hormel Foods' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.35%), ProShare Advisors LLC (1.03%), Champlain Investment Partners LLC (0.90%), Principal Financial Group Inc. (0.58%), Capital International Investors (0.35%) and Vest Financial LLC (0.22%). Insiders that own company stock include Becerra Jose Luis Prado, Christopher J Policinski , Deanna T Brady , Elsa A Murano , Gary Jamison , James P Snee , Jana L Haynes , Kevin L Myers , Luis G Marconi , Mark A Coffey , Mark J Ourada , Patrick J Connor , Pierre M Lilly , Steven J Lykken , Susan K Nestegard and Swen Neufeldt . 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

NYSE:HRL

Hormel Foods (HRL) Stock Price, News & Analysis

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Free HRL Stock Alerts

$30.64

-0.24 (-0.78%)

(As of 06/7/2024 08:52 PM ET)

Compare

Today's Range: $30.52
▼
$31.09
50-Day Range: $30.60
▼
$36.76
52-Week Range: $28.51
▼
$41.73

Volume: 1.88 million shs
Average Volume: 2.98 million shs
Market Capitalization: $16.80 billion

P/E Ratio: 21.89
Dividend Yield: 3.69%
Price Target: $31.67

Get Hormel Foods alerts:

Hormel Foods MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.83 Rating Score
Upside/Downside: 3.4% Upside
$31.67 Price Target
Short Interest: Healthy
3.28% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -3.56
Upright™ Environmental Score
News Sentiment: 0.61
Based on 12 Articles This Week
Insider Trading: Selling Shares
$888,500 Sold Last Quarter
Proj. Earnings Growth: 6.29%
From $1.59 to $1.69 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.07 out of 5 stars

Consumer Staples Sector

84th out of 127 stocks

Meat Packing Plants Industry

1st out of 2 stocks

0.9

Analyst's Opinion

Consensus Rating
Hormel Foods has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on no buy ratings, 5 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Hormel Foods has only been the subject of 3 research reports in the past 90 days.
Read more about Hormel Foods' stock forecast and price target.

4.0

Short Interest

Percentage of Shares Shorted
3.28% of the float of Hormel Foods has been sold short.
Short Interest Ratio / Days to Cover
Hormel Foods has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Hormel Foods has recently decreased by 4.62%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Leadership
Hormel Foods is a leading dividend payer. It pays a dividend yield of 3.69%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Hormel Foods has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Hormel Foods is 80.71%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 66.86% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.
Read more about Hormel Foods' dividend.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Hormel Foods has received a -9.93% net impact score from Upright. The largest negative impact of Hormel Foods in category "Physical diseases" seems to be driven mostly by its "Sausages", "Unprocessed pork", "Bacon", "Prepared meat meals", and "Ham" products. See details.
Environmental Sustainability
The Environmental Impact score for Hormel Foods is -3.56.

2.6

News and Social Media Coverage

News Sentiment
Hormel Foods has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.93 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Hormel Foods this week, compared to 9 articles on an average week.
Search Interest
Only 24 people have searched for HRL on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.
MarketBeat Follows
19 people have added Hormel Foods to their MarketBeat watchlist in the last 30 days. This is an increase of 46% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In 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 $888,500.00 in company stock.
Percentage Held by Insiders
Only 0.69% of the stock of Hormel Foods is held by insiders.
Percentage Held by Institutions
40.99% of the stock of Hormel Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Hormel Foods' insider trading history.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Hormel Foods are expected to grow by 6.29% in the coming year, from $1.59 to $1.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hormel Foods is 21.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hormel Foods is 21.89, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.12.
Price to Earnings Growth Ratio
Hormel Foods has a PEG Ratio of 2.94. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Hormel Foods has a P/B Ratio of 2.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about Hormel Foods' valuation and earnings.

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About Hormel Foods Stock (NYSE:HRL)

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company 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, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST N EASY, FIRE BRAISED, FONTANINI, HAPPY LITTLE PLANTS, HERDEZ, HORMEL GATHERINGS, HORMEL SQUARE TABLE, HORMEL VITAL CUISINE, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SPECIAL RECIPE, THICK & EASY, VALLEY FRESH, AND WHOLLY brands 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.

HRL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HRL Stock News Headlines

June 1, 2024 | marketbeat.com

MarketBeat Week in Review – 5/27 - 5/31 (HRL)

Markets closed the week quietly after a sharp sell-off; however, the market is likely to remain volatile as several key economic reports are on deck

May 31, 2024 | marketbeat.com

Hormel: A Potential Buy Despite Post-Earnings Decline

Hormel Foods Corporation NYSE: HRL stock investors are living the expression that what goes up must come down. HRL stock is down 8.8% in midday trading after the company posted mixed earnings.

May 31, 2024 | marketbeat.com

Hormel: A Potential Buy Despite Post-Earnings Decline

Hormel stock is down sharply after a mixed earnings report, however, long-term investors can still cash in on the company's high-yield dividend

June 7 at 6:45 AM | fool.com

My 2 Favorite Stocks to Buy Right Now

June 6, 2024 | investorplace.com

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June 5, 2024 | businesswire.com

THE LA Galaxy, Dignity Health Sports Park and the Maker of the HERDEZ® Brand Spice up Game Days for Fans With Brand-New Partnership

June 4, 2024 | seekingalpha.com

Hormel: You Are Two-Thirds Of The Way There

June 4, 2024 | prnewswire.com

Hormel Foods to Participate in Oppenheimer Consumer Growth and E-Commerce Conference

June 3, 2024 | investorplace.com

3 Oversold Stocks to Buy Right Now While The Gettin' Is Good

June 2, 2024 | americanbankingnews.com

Hormel Foods (NYSE:HRL) Releases FY24 Earnings Guidance

June 2, 2024 | americanbankingnews.com

Hormel Foods (NYSE:HRL) Releases FY 2024 Earnings Guidance

June 2, 2024 | americanbankingnews.com

Stephens Reiterates "Equal Weight" Rating for Hormel Foods (NYSE:HRL)

June 2, 2024 | americanbankingnews.com

Hormel Foods Co. (NYSE:HRL) Receives $31.00 Consensus Target Price from Analysts

June 1, 2024 | americanbankingnews.com

Hormel Foods (NYSE:HRL) Issues Earnings Results, Beats Expectations By $0.02 EPS

June 1, 2024 | americanbankingnews.com

Hormel Foods (NYSE:HRL) Shares Down 8.5%

June 1, 2024 | americanbankingnews.com

Hormel Foods (NYSE:HRL) Price Target Lowered to $33.00 at Citigroup

June 1, 2024 | americanbankingnews.com

Hormel Foods (NYSE:HRL) Upgraded by JPMorgan Chase & Co. to "Neutral"

May 31, 2024 | gurufocus.com

Q2 2024 Hormel Foods Corp Earnings Call Transcript

May 30, 2024 | seekingalpha.com

Hormel Foods Corporation 2024 Q2 - Results - Earnings Call Presentation

May 30, 2024 | prnewswire.com

HORMEL FOODS REPORTS SECOND QUARTER FISCAL 2024 RESULTS

May 29, 2024 | prnewswire.com

Hormel Foods Welcomes Largest-Ever Class of Inspired Summer Interns

May 29, 2024 | prnewswire.com

The Makers of the WHOLLY® GUACAMOLE Brand Introduce Extra Chunky Restaurant Style Guacamole

May 24, 2024 | investorplace.com

Don't Panic. 3 Stocks to Own When Things Get Ugly

May 23, 2024 | fool.com

3 Dividend Stocks to Double Up on Right Now

May 22, 2024 | markets.businessinsider.com

Hormel Foods: Overvalued and Underperforming – A Sell Rating Analysis

See More Headlines

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Company Calendar

Ex-Dividend for 5/15 Dividend: 4/12/2024
Dividend Payable: 5/15/2024
Last Earnings: 5/30/2024
Today: 6/09/2024
Next Earnings (Estimated): 8/29/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Staples
Industry: Meat packing plants
Sub-Industry: Packaged Foods & Meats
Current Symbol: NYSE:HRL
CUSIP: 44045210
CIK: 48465
Web: www.hormelfoods.com
Phone: (507) 437-5611
Fax: 507-437-5838
Employees: 20,000
Year Founded: 1891

Price Target and Rating

Average Stock Price Target: $31.67
High Stock Price Target: $35.00
Low Stock Price Target: $28.00
Potential Upside/Downside: +3.4%
Consensus Rating: Reduce
Rating Score (0-4): 1.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.40
Trailing P/E Ratio: 21.89
Forward P/E Ratio: 19.27
P/E Growth: 2.94
Net Income: $793.57 million
Net Margins: 6.37%
Pretax Margin: 8.16%
Return on Equity: 11.31%
Return on Assets: 6.47%

Debt

Debt-to-Equity Ratio: 0.36
Current Ratio: 1.73
Quick Ratio: 1.00

Sales & Book Value

Annual Sales: $12.11 billion
Price / Sales: 1.39
Cash Flow: $2.13 per share
Price / Cash Flow: 14.38
Book Value: $14.40 per share
Price / Book: 2.13

Miscellaneous

Outstanding Shares: 548,300,000
Free Float: 544,522,000
Market Cap: $16.80 billion
Optionable: Optionable
Beta: 0.25

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Key Executives

Mr. James P. Snee (Age 57)
Chairman, President & CEO
Comp: $2.51M
Ms. Jacinth C. Smiley (Age 55)
Executive VP & CFO
Comp: $1.02M
Ms. Deanna T. Brady (Age 59)
Executive Vice President of Retail
Comp: $995.45k
Mr. Kevin L. Myers Ph.D. (Age 59)
Senior Vice President of Research & Development and Quality Control
Comp: $744.24k
David W. Dahlstrom
Director of Investor Relations
Mr. Pierre M. Lilly (Age 52)
Senior VP & Chief Compliance Officer
Ms. Katie Clark
Senior VP & Chief Communications Officer
Mr. Nathan P. Annis
Vice President of Corporate Development
Ms. Katherine M. Losness Larson (Age 58)
Senior Vice President of Human Resources
Mr. D. Scott Aakre (Age 60)
Group VP & Chief Marketing Officer of Hormel Foods Retail Business

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Hormel Foods Stock? HRL Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Hormel Foods Co.:

Hormel Foods Co. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
The company has a solid dividend payout history, providing investors with a reliable income stream.
Recent product innovations, such as the launch of Hormel Black Label Bacon Wraps, have been well-received in the market, potentially driving future sales growth.
With a low debt-to-equity ratio, Hormel Foods Co. has a strong financial position, reducing the risk for investors.
The current stock price of Hormel Foods Co. is trading at an attractive valuation compared to its industry peers, offering a potential value investment opportunity.

Cons

Investors should be bearish about investing in Hormel Foods Co. for these reasons:

Despite revenue growth, the company faces increasing competition in the food industry, which could impact future market share and profitability.
Hormel Foods Co. operates in a sector sensitive to commodity price fluctuations, potentially exposing investors to volatility in input costs.
Market trends towards healthier eating habits may pose challenges for some of Hormel's product lines, requiring continuous adaptation and innovation.
Economic downturns or disruptions in the supply chain could affect Hormel Foods Co.'s operations and financial performance.
Analysts have expressed concerns about the company's ability to sustain its growth momentum in the face of evolving consumer preferences and market dynamics.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, June 4, 2024. Please send any questions or comments about these Hormel Foods pros and cons to contact@marketbeat.com.

HRL Stock Analysis - Frequently Asked Questions

Should I buy or sell Hormel Foods stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" HRL shares.
View HRL analyst ratings or view top-rated stocks.
What is Hormel Foods' stock price target for 2024?: 6 equities research analysts have issued 1 year target prices for Hormel Foods' stock. Their HRL share price targets range from $28.00 to $35.00. On average, they anticipate the company's share price to reach $31.67 in the next year. This suggests a possible upside of 3.4% from the stock's current price.
View analysts price targets for HRL or view top-rated stocks among Wall Street analysts.
How have HRL shares performed in 2024?: Hormel Foods' stock was trading at $32.11 on January 1st, 2024. Since then, HRL shares have decreased by 4.6% and is now trading at $30.64.
View the best growth stocks for 2024 here.
When is Hormel Foods' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 29th 2024.
View our HRL earnings forecast.
How were Hormel Foods' earnings last quarter?: Hormel Foods Co. (NYSE:HRL) released its quarterly earnings results on Thursday, May, 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.97 billion. Hormel Foods had a trailing twelve-month return on equity of 11.31% and a net margin of 6.37%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS.
Read the 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 20th. Shareholders of record on Monday, July 15th will be given a dividend of $0.2825 per share on Thursday, August 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Monday, July 15th.
Read our dividend analysis for HRL.
Is Hormel Foods a good dividend stock?: Hormel Foods (NYSE:HRL) pays an annual dividend of $1.13 per share and currently has a dividend yield of 3.69%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 80.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HRL will have a dividend payout ratio of 66.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRL.
What ETFs hold Hormel Foods' stock?: ETFs with the largest weight of Hormel Foods (NYSE:HRL) stock in their portfolio include Roundhill S&P Dividend Monarchs ETF (KNGS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), First Trust Consumer Staples AlphaDEX Fund (FXG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Victoryshares Dividend Accelerator ETF (VSDA), First Trust Nasdaq Food & Beverage ETF (FTXG), MarketDesk Focused U.S. Dividend ETF (FDIV) and Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD).

When did Hormel Foods' stock split?: 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 issued shares were issued to shareholders after the closing bell 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 updated its FY24 earnings guidance on Thursday, May, 30th. The company provided earnings per share guidance of $1.55-1.65 for the period, compared to the consensus estimate of $1.58. The company issued revenue guidance of $12.2-12.5 billion, compared to the consensus revenue estimate of $12.25 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).
Who are Hormel Foods' major shareholders?: Hormel Foods' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.35%), ProShare Advisors LLC (1.03%), Champlain Investment Partners LLC (0.90%), Principal Financial Group Inc. (0.58%), Capital International Investors (0.35%) and Vest Financial LLC (0.22%). Insiders that own company stock include Becerra Jose Luis Prado, Christopher J Policinski, Deanna T Brady, Elsa A Murano, Gary Jamison, James P Snee, Jana L Haynes, Kevin L Myers, Luis G Marconi, Mark A Coffey, Mark J Ourada, Patrick J Connor, Pierre M Lilly, Steven J Lykken, Susan K Nestegard and Swen Neufeldt.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
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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This page (NYSE:HRL) was last updated on 6/10/2024 by MarketBeat.com Staff

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Hormel Foods (HRL) Stock Price, News & Analysis

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