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NYSE:HRL

Hormel Foods (HRL) Stock Price, News & Analysis

$32.01
+0.17 (+0.53%)
(As of 07/26/2024 ET)
Today's Range
$31.77
$32.10
50-Day Range
$30.04
$36.76
52-Week Range
$28.51
$41.73
Volume
1.44 million shs
Average Volume
2.78 million shs
Market Capitalization
$17.55 billion
P/E Ratio
22.86
Dividend Yield
3.53%
Price Target
$31.67

Hormel Foods MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.83 Rating Score
Upside/​Downside
1.1% Downside
$31.67 Price Target
Short Interest
Healthy
3.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.56
Upright™ Environmental Score
News Sentiment
1.28mentions of Hormel Foods in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$25,000 Bought Last Quarter
Proj. Earnings Growth
6.25%
From $1.60 to $1.70 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.

3.64 out of 5 stars

Consumer Staples Sector

62nd 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

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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
Ex-Dividend for 8/15 Dividend
7/15/2024
Today
7/26/2024
Dividend Payable
8/15/2024
Next Earnings (Estimated)
8/29/2024
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
$31.67
High Stock Price Target
$35.00
Low Stock Price Target
$28.00
Potential Upside/Downside
-1.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$793.57 million
Pretax Margin
8.16%

Debt

Sales & Book Value

Annual Sales
$12.11 billion
Cash Flow
$2.16 per share
Book Value
$14.16 per share

Miscellaneous

Free Float
544,522,000
Market Cap
$17.55 billion
Optionable
Optionable
Beta
0.24

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HRL Stock Analysis - Frequently Asked Questions

How have HRL shares performed this year?

Hormel Foods' stock was trading at $32.11 on January 1st, 2024. Since then, HRL stock has decreased by 0.3% and is now trading at $32.01.
View the best growth stocks for 2024 here
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) announced its earnings results on Thursday, May, 30th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. The company's revenue was down 2.9% compared to the same quarter last year.
Read the conference call transcript
.

When did Hormel Foods' stock split?

Shares of Hormel Foods split on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly created shares were distributed 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 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.

Does Hormel Foods have any subsidiaries?

Hormel Foods subsidiaries include Planters, Sadler's Smokehouse Ltd, Shedd’s Country Crock Business - Unilever, Columbus Manufacturing, Ceratti, Fontanini Italian Meats and Sausages, Justin’s, and others.

Who are Hormel Foods' major shareholders?

Top institutional investors of Hormel Foods include Bank of New York Mellon Corp (0.32%), Liberty One Investment Management LLC (0.15%), Sumitomo Mitsui Trust Holdings Inc. (0.14%) and CWM LLC (0.09%). Insiders that own company stock include James P Snee, Elsa A Murano, Susan K Nestegard, Christopher J Policinski, Deanna T Brady, Mark A Coffey, Kevin L Myers, Swen Neufeldt, Patrick J Connor, Mark J Ourada, Becerra Jose Luis Prado, Katherine M Losness-Larson, Pierre M Lilly, Luis G Marconi, Gary Jamison, Jana L Haynes and Steven J Lykken.
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.

What other stocks do shareholders of Hormel Foods own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hormel Foods investors own include Johnson & Johnson (JNJ), AT&T (T), AbbVie (ABBV), Procter & Gamble (PG), Walmart (WMT), Walt Disney (DIS) and Exxon Mobil (XOM).

This page (NYSE:HRL) was last updated on 7/26/2024 by MarketBeat.com Staff

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