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Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Closing prices for crude oil, gold and other commodities
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Closing prices for crude oil, gold and other commodities
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Closing prices for crude oil, gold and other commodities
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
NYSE:HRL

Hormel Foods (HRL) Stock Price, News & Analysis

$34.04
+0.23 (+0.68%)
(As of 04/17/2024 ET)
Today's Range
$33.76
$34.23
50-Day Range
$28.72
$35.30
52-Week Range
$28.51
$41.73
Volume
2.19 million shs
Average Volume
3.18 million shs
Market Capitalization
$18.64 billion
P/E Ratio
23.32
Dividend Yield
3.32%
Price Target
$31.00

Hormel Foods MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
8.9% Downside
$31.00 Price Target
Short Interest
Healthy
3.50% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
0.53mentions of Hormel Foods in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.41 M 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.

2.67 out of 5 stars

Consumer Staples Sector

83rd out of 131 stocks

Meat Packing Plants Industry

1st out of 2 stocks

HRL stock logo

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

HRL Stock News Headlines

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Dividend Kings are high-quality income investments for long-term-oriented investors. Investors don't buy these stocks once and forget about them; they buy them repeatedly, building solid positions that drive portfolio value.
5 Dividend Kings Stocks to Load Up on Now (HRL)
Dividend Kings are stocks that can be bought over and over again to build larger income-producing positions; these stocks are down and pay high yields.
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Hormel Foods: Buy, Sell, or Hold?
Start loving Mondays like this
Wouldn’t you love to start looking forward to Mondays? We’re in a New Paradigm Shift in the market that could make it possible! You see, rallies over the weekends have become much more common in the last few years. Imagine hitting a few buttons on your phone or laptop to place a quick trade before the weekend hits… And coming back on Monday to what could be extra income sitting in your account… Weekend after weekend!
Hormel Foods declares $0.2825 dividend
Hormel Foods Corporation Declares Quarterly Dividend
3 Top Dividend Growth Stocks to Buy Right Now
Hormel Foods: Buy, Sell, or Hold?
See More Headlines
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Company Calendar

Ex-Dividend for 2/15 Dividend
1/12/2024
Dividend Payable
2/15/2024
Last Earnings
2/29/2024
Ex-Dividend for 5/15 Dividend
4/12/2024
Today
4/17/2024
Dividend Payable
5/15/2024
Next Earnings (Estimated)
6/06/2024
Fiscal Year End
10/31/2024

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 Target
$31.00
High Stock Price Target
$35.00
Low Stock Price Target
$28.00
Potential Upside/Downside
-8.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$793.57 million
Pretax Margin
8.39%

Debt

Sales & Book Value

Annual Sales
$12.11 billion
Cash Flow
$2.14 per share
Book Value
$14.16 per share

Miscellaneous

Free Float
543,921,000
Market Cap
$18.64 billion
Optionable
Optionable
Beta
0.27

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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's diverse product portfolio, including popular brands like SPAM and SKIPPY, provides stability and resilience in various market conditions.
  • Recent cost-saving initiatives have improved profit margins, enhancing shareholder value.
  • Hormel Foods Co.'s focus on innovation and product development keeps it competitive in the ever-evolving food industry.
  • With a current stock price that is undervalued compared to its peers, there is potential for capital appreciation in the near future.

Cons

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

  • As a company heavily reliant on commodity prices, fluctuations in raw material costs could impact profitability.
  • Increased competition in the packaged foods industry may put pressure on market share and pricing strategies.
  • Global economic uncertainties and trade tensions could affect Hormel Foods Co.'s international operations and revenue streams.
  • Changing consumer preferences towards healthier food options may require significant investments in product reformulations.
  • Regulatory changes related to food safety standards and labeling requirements could increase compliance costs for the company.
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 Friday, April 12, 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?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last twelve months. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research 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?

5 equities research analysts have issued 12 month price targets for Hormel Foods' stock. Their HRL share price targets range from $28.00 to $35.00. On average, they expect the company's stock price to reach $31.00 in the next year. This suggests that the stock has a possible downside of 8.9%.
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 at the start of the year. Since then, HRL stock has increased by 6.0% and is now trading at $34.04.
View the best growth stocks for 2024 here
.

Are investors shorting Hormel Foods?

Hormel Foods saw a increase in short interest in March. As of March 15th, there was short interest totaling 10,650,000 shares, an increase of 6.7% from the February 29th total of 9,980,000 shares. Based on an average trading volume of 3,160,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.7% of the company's stock are sold short.
View Hormel Foods' Short Interest
.

When is Hormel Foods' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our HRL earnings forecast
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) issued its earnings results on Thursday, February, 29th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.91 billion. Hormel Foods had a trailing twelve-month return on equity of 11.51% and a net margin of 6.55%. The business's revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share.
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, March 25th. Shareholders of record on Monday, March 25th will be paid a dividend of $0.2825 per share on Wednesday, May 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, April 12th.
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 3.33%. The company has been increasing its dividend for 59 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 77.40%. 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.

When did Hormel Foods' stock split?

Hormel Foods's stock 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 distributed 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 issued an update on its FY24 earnings guidance on Thursday, February, 29th. The company provided earnings per share guidance of $1.51 to $1.65 for the period, compared to the consensus estimate of $1.54. The company issued revenue guidance of $12.2 billion to $12.5 billion, compared to the consensus revenue estimate of $12.16 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 a number of institutional and retail investors. Top institutional shareholders include CWM LLC (0.09%), Mather Group LLC. (0.07%), IMC Chicago LLC (0.00%), Gateway Investment Advisers LLC (0.02%), Wealth Enhancement Advisory Services LLC (0.02%) and Los Angeles Capital Management LLC (0.01%). Insiders that own company stock include Becerra Jose Luis Prado, Christopher J Policinski, Deanna T Brady, Elsa A Murano, Gary Jamison, James N Sheehan, 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
This page (NYSE:HRL) was last updated on 4/18/2024 by MarketBeat.com Staff

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