S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
NYSE:HRL

Hormel Foods (HRL) Stock Price, News & Analysis

$33.93
-1.02 (-2.92%)
(As of 04/12/2024 08:51 PM ET)
Today's Range
$33.73
$34.63
50-Day Range
$28.72
$35.30
52-Week Range
$28.51
$41.73
Volume
3.03 million shs
Average Volume
3.21 million shs
Market Capitalization
$18.58 billion
P/E Ratio
23.24
Dividend Yield
3.33%
Price Target
$31.00

Hormel Foods MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
8.6% 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
0.77mentions of Hormel Foods in the last 14 days
Based on 8 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.

2.93 out of 5 stars

Consumer Staples Sector

83rd out of 136 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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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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2024 could be a challenging year. AI will continue creating profit opportunities (in some surprising new ways), but global conflict, divisive politics and not-yet-tamed inflation could bring uncertainty.
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
4/15/2024
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
-8.6%
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
$2.13 per share
Book Value
$14.16 per share

Miscellaneous

Free Float
543,921,000
Market Cap
$18.58 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 a strong track record of developing, processing, and distributing various food products, catering to a wide range of customers both domestically and internationally.
  • The company operates through three segments, Retail, Foodservice, and International, providing diversified revenue streams.
  • Hormel Foods Co. offers a mix of perishable and shelf-stable products under well-known brands, ensuring a broad market presence.
  • Recent financial reports indicate consistent revenue growth and profitability, showcasing the company's financial stability.
  • With a current stock price that reflects the company's performance, investors can consider Hormel Foods Co. as a stable investment option in the packaged foods industry.

Cons

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

  • The packaged foods industry is highly competitive, leading to potential pricing pressures and margin challenges for companies like Hormel Foods Co.
  • Market volatility and economic uncertainties can impact consumer spending habits, affecting the demand for Hormel's products.
  • Changes in consumer preferences towards healthier or alternative food options may pose a threat to Hormel's traditional product portfolio.
  • Global supply chain disruptions or regulatory changes could impact the company's operations and profitability.
  • Investors should carefully monitor industry trends and Hormel's strategic responses to market challenges before making investment decisions.
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, April 9, 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 research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street 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 brokers have issued 1-year 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 twelve months. This suggests that the stock has a possible downside of 8.6%.
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 increased by 5.7% and is now trading at $33.93.
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 daily volume of 3,160,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 3.7% of the shares of the company are short sold.
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) released its quarterly earnings results on Thursday, February, 29th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $3 billion for the quarter, compared to analyst estimates 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 firm's revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $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, March 25th. Stockholders 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 annualized dividend and a yield of 3.33%. 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 Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly created 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 FY24 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) 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 many different 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%), Los Angeles Capital Management LLC (0.01%) and Curbstone Financial Management Corp (0.00%). 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 4/15/2024 by MarketBeat.com Staff

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