Should I buy or sell Hormel Foods stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last twelve months. There are currently 2 sell ratings and 5 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?

7 analysts have issued 1 year price objectives for Hormel Foods' shares. Their HRL share price targets range from $26.00 to $47.00. On average, they anticipate the company's share price to reach $36.50 in the next twelve months. This suggests a possible upside of 23.9% from the stock's current price. 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 at the beginning of 2024. Since then, HRL stock has decreased by 8.2% and is now trading at $29.47. View the best growth stocks for 2024 here .

Are investors shorting Hormel Foods?

Hormel Foods saw a decline in short interest during the month of December. As of December 31st, there was short interest totaling 12,080,000 shares, a decline of 9.6% from the December 15th total of 13,360,000 shares. Based on an average daily volume of 3,450,000 shares, the short-interest ratio is currently 3.5 days. Currently, 4.2% of the company's shares 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, February 29th 2024. View our HRL earnings forecast .

How can I listen to Hormel Foods' earnings call?

Hormel Foods will be holding an earnings conference call on Thursday, February 29th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) posted its quarterly earnings data on Wednesday, November, 29th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.02. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.26 billion. Hormel Foods had a trailing twelve-month return on equity of 11.47% and a net margin of 6.55%. Hormel Foods's revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 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, November 20th. Shareholders of record on Tuesday, January 16th will be given a dividend of $0.2825 per share on Thursday, February 15th. This represents a $1.13 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, January 12th. This is a positive change from the stock's previous quarterly dividend of $0.28. 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 3.69%. The company has been increasing its dividend for 58 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 68.07% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for HRL .

What ETFs hold Hormel Foods' stock?

ETFs with the largest weight of Hormel Foods (NYSE:HRL) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG) , Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) , Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS) , First Trust Consumer Staples AlphaDEX Fund (FXG) , Timothy Plan High Dividend Stock ETF (TPHD) , Timothy Plan High Dividend Stock Enhanced ETF (TPHE) , ProShares S&P 500 Aristocrats ETF (NOBL) and ProShares Russell US Dividend Growers ETF (TMDV) .

When did Hormel Foods' stock split?

Hormel Foods shares split on the morning of Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly minted shares were issued 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.

What guidance has Hormel Foods issued on next quarter's earnings?

Hormel Foods updated its FY 2024 earnings guidance on Monday, December, 11th. The company provided EPS guidance of 1.510-1.650 for the period, compared to the consensus earnings per share estimate of 1.680. The company issued revenue guidance of $12.2 billion-$12.5 billion, compared to the consensus revenue estimate of $12.3 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 a variety of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (0.75%), Dimensional Fund Advisors LP (0.45%), Tandem Investment Advisors Inc. (0.34%), California Public Employees Retirement System (0.32%), Charles Schwab Investment Management Inc. (0.31%) and Swiss National Bank (0.17%). Insiders that own company stock include Becerra Jose Luis Prado, Christopher J Policinski , Deanna T Brady , Elsa A Murano , Gary Jamison , Glenn R Leitch , 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

NYSE:HRL

Hormel Foods (HRL) Stock Price, News & Analysis

$29.47

-0.26 (-0.87%)

(As of 02/8/2024 ET)

Compare

Today's Range: $29.34
▼
$29.78
50-Day Range: $29.73
▼
$32.80
52-Week Range: $29.34
▼
$46.04

Volume: 3.46 million shs
Average Volume: 2.91 million shs
Market Capitalization: $16.11 billion

P/E Ratio: 20.18
Dividend Yield: 3.83%
Price Target: $36.50

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Hormel Foods MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.71 Rating Score
Upside/Downside: 23.9% Upside
$36.50 Price Target
Short Interest: Healthy
4.24% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -3.56
Upright™ Environmental Score
News Sentiment: 0.59
Based on 11 Articles This Week
Insider Trading: Selling Shares
$886,454 Sold Last Quarter
Proj. Earnings Growth: 5.73%
From $1.57 to $1.66 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.

4.18 out of 5 stars

Consumer Staples Sector

37th out of 134 stocks

Meat Packing Plants Industry

1st out of 2 stocks

1.9

Analyst's Opinion

Consensus Rating
Hormel Foods has received a consensus rating of Reduce. The company's average rating score is 1.71, and is based on no buy ratings, 5 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $36.50, Hormel Foods has a forecasted upside of 23.9% from its current price of $29.47.
Amount of Analyst Coverage
Hormel Foods has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.24% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Hormel Foods has recently increased by 1.32%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Leadership
Hormel Foods is a leading dividend payer. It pays a dividend yield of 3.69%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Hormel Foods has been increasing its dividend for 58 years.
Dividend Coverage
The dividend payout ratio of Hormel Foods is 77.40%. 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 68.07% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Hormel Foods has received a -9.93% net impact score from Upright. The largest negative impact of Hormel Foods in category "Physical diseases" seems to be driven mostly by its "Sausages", "Unprocessed pork", "Bacon", "Prepared meat meals", and "Ham" products. See details.
Environmental Sustainability
The Environmental Impact score for Hormel Foods is -3.56.

3.1

News and Social Media Coverage

News Sentiment
Hormel Foods has a news sentiment score of 0.59. 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 news sentiment score is similar to the average news sentiment of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Hormel Foods this week, compared to 8 articles on an average week.
Search Interest
38 people have searched for HRL on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.
MarketBeat Follows
21 people have added Hormel Foods to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

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 $886,454.00 in company stock.
Percentage Held by Insiders
Only 0.69% of the stock of Hormel Foods is held by insiders.
Percentage Held by Institutions
41.15% of the stock of Hormel Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Hormel Foods are expected to grow by 5.73% in the coming year, from $1.57 to $1.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hormel Foods is 20.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hormel Foods is 20.18, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 23.71.
Price to Earnings Growth Ratio
Hormel Foods has a PEG Ratio of 4.08. 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 2.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

HRL Stock News Headlines

February 8, 2024 | finance.yahoo.com

Hormel Foods and its 10 Under 20 Food Heroes Program Honored at 3rd Annual Anthem Awards

February 6, 2024 | markets.businessinsider.com

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February 8, 2024 | Legacy Research (Ad)

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February 6, 2024 | finance.yahoo.com

HORMEL FOODS INSPIRES FAN SNACKING FOR THE BIG GAME WITH HORMEL® CHILI BOARD

February 5, 2024 | msn.com

Tyson Foods rallies after smashing profit expectations despite slowing price inflation

February 5, 2024 | finance.yahoo.com

Hormel Foods Announces the Advancement of Matt Schrupp to Vice President of Supply Chain Operations for Jennie-O Turkey Store

February 5, 2024 | rttnews.com

RTE Spiced Deli Ham Products, Pork Products Recalled

February 4, 2024 | americanbankingnews.com

Citigroup Begins Coverage on Hormel Foods (NYSE:HRL)

February 8, 2024 | Legacy Research (Ad)

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February 3, 2024 | americanbankingnews.com

Hormel Foods (NYSE:HRL) Reaches New 1-Year Low at $29.91

February 1, 2024 | finance.yahoo.com

Hormel Foods Corporation to Hold First Quarter Earnings Conference Call

February 1, 2024 | realmoney.thestreet.com

Hormel Foods initiated with neutral view at Citi, here's why

January 29, 2024 | americanbankingnews.com

Brokerages Set Hormel Foods Co. (NYSE:HRL) PT at $37.29

January 25, 2024 | finance.yahoo.com

The Makers of the HERDEZ® Brand Announce Partnership with LPGA Golfer Megan Khang

January 23, 2024 | forbes.com

Spamming Out On Options Premium With Hormel Foods Call Write

January 23, 2024 | finance.yahoo.com

Hormel Foods (NYSE:HRL) stock falls 3.1% in past week as three-year earnings and shareholder returns continue downward trend

January 16, 2024 | finance.yahoo.com

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