Hormel Foods (HRL) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $31.52 to $31.89
• 50-Day Range: $29.21 to $33.56
• 52-Week Range: $28.51 to $36.86
• Volume: 4.77 million shs
• Average Volume: 2.62 million shs
• Market Capitalization: $17.39 billion
• P/E Ratio: 21.70
• Dividend Yield: 3.66%
• Price Target: $31.29
• Consensus Rating: Reduce

Hormel Foods Stock Analysis - MarketRank™

Hormel Foods scored higher than 67% of companies evaluated by MarketBeat, and ranked 84th out of 148 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Hormel Foods has received a consensus rating of Reduce. The company's average rating score is 1.86, and is based on 1 buy rating, 4 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Hormel Foods has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.33%

Earnings Growth

Earnings for Hormel Foods are expected to grow by 13.33% in the coming year, from $1.65 to $1.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hormel Foods is 21.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hormel Foods is 21.70, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.96.

Price to Earnings Growth Ratio

Hormel Foods has a PEG Ratio of 3.14. 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 2.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.21% 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 4.1.

Change versus previous month

Short interest in Hormel Foods has recently increased by 0.11%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Hormel Foods pays a meaningful dividend of 3.43%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Hormel Foods does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Hormel Foods is 79.45%. 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 62.03% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.8 / 5
• Environmental Score: -3.56

Percentage of Shares Shorted

3.21% 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 4.1.

Change versus previous month

Short interest in Hormel Foods has recently increased by 0.11%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.90

News Sentiment

Hormel Foods has a news sentiment score of 0.90. 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 higher news sentiment than the 0.74 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Hormel Foods this week, compared to 10 articles on an average week.

Search Interest

Only 31 people have searched for HRL on MarketBeat in the last 30 days. This is a decrease of -16% compared to the previous 30 days.

MarketBeat Follows

14 people have added Hormel Foods to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Hormel Foods insiders have sold 96.39% more of their company's stock than they have bought. Specifically, they have bought $159,233.00 in company stock and sold $312,718.00 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.

HRL Stock Analysis - Frequently Asked Questions

How have HRL shares performed this year?

Hormel Foods' stock was trading at $32.11 at the beginning of 2024. Since then, HRL stock has decreased by 1.3% and is now trading at $31.68.
View the best growth stocks for 2024 here.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) posted its quarterly earnings data on Wednesday, December, 4th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.01. Hormel Foods's revenue for the quarter was down 1.9% on a year-over-year basis.
Read the conference call transcript.

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 payable 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.

Does Hormel Foods have any subsidiaries?

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

Who are Hormel Foods' major shareholders?

Top institutional shareholders of Hormel Foods include State Street Corp (4.57%), Geode Capital Management LLC (1.34%), Champlain Investment Partners LLC (1.02%) and Stifel Financial Corp (0.60%). 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, Paul R Kuehneman, Steven J Lykken, Pierre M Lilly, Luis G Marconi and Gary Jamison.
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 Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Chevron (CVX), Exxon Mobil (XOM), Walmart (WMT) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Ex-Dividend for 11/15 Dividend: 10/15/2024
• Dividend Payable: 11/15/2024
• Last Earnings: 12/04/2024
• Today: 12/20/2024
• Fiscal Year End: 10/31/2025

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: $31.29
• High Stock Price Target: $35.00
• Low Stock Price Target: $28.00
• Potential Upside/Downside: -1.2%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.46
• Trailing P/E Ratio: 21.70
• Forward P/E Ratio: 19.20
• P/E Growth: 3.14
• Net Income: $805.04 million
• Net Margins: 6.75%
• Pretax Margin: 8.69%
• Return on Equity: 10.95%
• Return on Assets: 6.39%

Debt

• Debt-to-Equity Ratio: 0.36
• Current Ratio: 2.32
• Quick Ratio: 1.19

Sales & Book Value

• Annual Sales: $11.92 billion
• Price / Sales: 1.46
• Cash Flow: $1.96 per share
• Price / Cash Flow: 16.17
• Book Value: $14.58 per share
• Price / Book: 2.17

Miscellaneous

• Outstanding Shares: 549,013,000
• Free Float: 545,225,000
• Market Cap: $17.39 billion
• Optionable: Optionable
• Beta: 0.26