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NYSE:HRL

Hormel Foods (HRL) Stock Price, News & Analysis

$32.49
+0.41 (+1.28%)
(As of 02:37 PM ET)
Today's Range
$32.26
$32.61
50-Day Range
$30.04
$33.14
52-Week Range
$28.51
$39.58
Volume
617,091 shs
Average Volume
2.68 million shs
Market Capitalization
$17.81 billion
P/E Ratio
23.21
Dividend Yield
3.48%
Price Target
$32.33

Hormel Foods MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.0% Downside
$32.33 Price Target
Short Interest
Healthy
2.72% 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 14 Articles This Week
Insider Trading
Acquiring Shares
$25,000 Bought Last Quarter
Proj. Earnings Growth
6.33%
From $1.58 to $1.68 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.

3.98 out of 5 stars

Consumer Staples Sector

36th out of 133 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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Analysts Set Hormel Foods Co. (NYSE:HRL) PT at $32.33
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Company Calendar

Ex-Dividend for 8/15 Dividend
7/15/2024
Dividend Payable
8/15/2024
Last Earnings
9/04/2024
Today
9/16/2024
Fiscal Year End
10/31/2024
Next Earnings (Estimated)
12/04/2024

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
$32.33
High Stock Price Target
$37.00
Low Stock Price Target
$28.00
Potential Upside/Downside
-0.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$793.57 million
Pretax Margin
8.36%

Debt

Sales & Book Value

Annual Sales
$11.98 billion
Cash Flow
$2.20 per share
Book Value
$14.36 per share

Miscellaneous

Free Float
544,522,000
Market Cap
$17.74 billion
Optionable
Optionable
Beta
0.25

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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 growth in revenue and profitability over the past year, indicating a strong financial performance.
  • The company recently launched a new line of plant-based meat products, tapping into the growing trend of plant-based diets and increasing its market share.
  • Hormel Foods Co. has a strong dividend yield, providing investors with a steady income stream.
  • The current stock price of Hormel Foods Co. is undervalued compared to its peers in the industry, presenting a potential buying opportunity for investors.
  • The company has a solid track record of innovation and product development, ensuring its competitiveness in the market.

Cons

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

  • While the company has shown growth, it faces increasing competition in the food industry, which could impact its market share and profitability.
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, August 20, 2024. Please send any questions or comments about these Hormel Foods pros and cons to contact@marketbeat.com.

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 shares have increased by 0.7% and is now trading at $32.34.
View the best growth stocks for 2024 here
.

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) released its earnings results on Wednesday, September, 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. Hormel Foods's revenue was down 2.2% compared to the same quarter last year.
Read the conference call transcript
.

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 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 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?

Hormel Foods' top institutional investors include ProShare Advisors LLC (0.93%), Millennium Management LLC (0.56%), Dimensional Fund Advisors LP (0.54%) and Principal Financial Group Inc. (0.42%). 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 9/16/2024 by MarketBeat.com Staff

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