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NYSE:HRL

Hormel Foods (HRL) Stock Price, News & Analysis

Hormel Foods logo
$29.21 -1.20 (-3.95%)
(As of 11/15/2024 ET)

About Hormel Foods Stock (NYSE:HRL)

Key Stats

Today's Range
$29.18
$30.68
50-Day Range
$29.21
$32.53
52-Week Range
$28.51
$36.86
Volume
4.15 million shs
Average Volume
2.09 million shs
Market Capitalization
$16.02 billion
P/E Ratio
20.57
Dividend Yield
3.87%
Price Target
$31.57
Consensus Rating
Reduce

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.

Hormel Foods Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
80th Percentile Overall Score

HRL MarketRank™: 

Hormel Foods scored higher than 80% of companies evaluated by MarketBeat, and ranked 45th out of 143 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 2 research reports in the past 90 days.

  • Read more about Hormel Foods' stock forecast and price target.
  • Earnings Growth

    Earnings for Hormel Foods are expected to grow by 6.33% in the coming year, from $1.58 to $1.68 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Hormel Foods is 20.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.60.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Hormel Foods is 20.57, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 19.45.

  • Price to Earnings Growth Ratio

    Hormel Foods has a PEG Ratio of 3.10. 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 2.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Hormel Foods' valuation and earnings.
  • Percentage of Shares Shorted

    2.45% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Hormel Foods has recently decreased by 10.57%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Hormel Foods is a leading dividend payer. It pays a dividend yield of 3.87%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Hormel Foods has been increasing its dividend for 59 years.

  • Dividend Coverage

    The dividend payout ratio of Hormel Foods is 79.58%. 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 67.26% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.

  • Read more about Hormel Foods' dividend.
  • Percentage of Shares Shorted

    2.45% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Hormel Foods has recently decreased by 10.57%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Hormel Foods has a news sentiment score of 0.91. 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 0.63 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 9 articles on an average week.
  • Search Interest

    Only 46 people have searched for HRL on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Hormel Foods to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Hormel Foods insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,288,338.00 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.

  • Read more about Hormel Foods' insider trading history.

HRL Stock News Headlines

Dividend Stock Showdown: Hershey or Hormel Foods?
1 Dividend Growth Stock Down 45% to Buy Right Now
The only candlestick pattern worth a darn
It’s widely known that 80% of daily market action is driven by Wall Street algorithms… Now, most people think of the algorithms are “bad” When in reality, they are neither good nor bad… They are simply programmed to buy and sell certain stocks over and over again… But here is the thing… They are predictable… They typically buy the same stocks at the same levels over and over again…
See More Headlines

HRL Stock Analysis - Frequently Asked Questions

Hormel Foods' stock was trading at $32.11 on January 1st, 2024. Since then, HRL shares have decreased by 9.0% and is now trading at $29.21.
View the best growth stocks for 2024 here
.

Hormel Foods Co. (NYSE:HRL) announced its quarterly earnings results on Wednesday, September, 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm's quarterly revenue was down 2.2% on a year-over-year basis.
Read the conference call transcript
.

Hormel Foods shares split before market open 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.

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

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, Steven J Lykken, Swen Neufeldt, Patrick J Connor, Mark J Ourada, Becerra Jose Luis Prado, Katherine M Losness-Larson, Paul R Kuehneman, Pierre M Lilly, Luis G Marconi, Gary Jamison and Jana L Haynes.
View institutional ownership trends
.

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.

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

Last Earnings
9/04/2024
Ex-Dividend for 11/15 Dividend
10/15/2024
Dividend Payable
11/15/2024
Today
11/17/2024
Next Earnings (Confirmed)
12/04/2024
Fiscal Year End
10/31/2025

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
$31.57
High Stock Price Target
$37.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+8.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.86
Research Coverage
7 Analysts

Profitability

Net Income
$793.57 million
Pretax Margin
8.36%

Debt

Sales & Book Value

Annual Sales
$12.11 billion
Cash Flow
$2.05 per share
Book Value
$14.16 per share

Miscellaneous

Free Float
544,580,000
Market Cap
$16.02 billion
Optionable
Optionable
Beta
0.26

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This page (NYSE:HRL) was last updated on 11/17/2024 by MarketBeat.com Staff
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