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NYSE:HRL

Hormel Foods (HRL) Stock Price, News & Analysis

$29.47
-0.26 (-0.87%)
(As of 02/8/2024 ET)
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

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
0.59mentions of Hormel Foods in the last 14 days
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


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

7 Retirement Stocks to Buy at 52-Week Lows
LIVE DEMO: Elon Musk’s AI hits 65 MPH
I just taped a live demonstration of Elon Musk’s AI in action. Elon already created an “army of millionaires” with Tesla. Looks like he’ll do it again with his AI because unlike ChatGPT, Elon’s AI works in the REAL world.
Citigroup Begins Coverage on Hormel Foods (NYSE:HRL)
LIVE DEMO: Elon Musk’s AI hits 65 MPH
I just taped a live demonstration of Elon Musk’s AI in action. Elon already created an “army of millionaires” with Tesla. Looks like he’ll do it again with his AI because unlike ChatGPT, Elon’s AI works in the REAL world.
Hormel Foods (NYSE:HRL) Reaches New 1-Year Low at $29.91
Hormel Foods initiated with neutral view at Citi, here's why
Brokerages Set Hormel Foods Co. (NYSE:HRL) PT at $37.29
Q1 2019 Hormel Foods Corp Earnings Call Transcript
Q2 2019 Hormel Foods Corp Earnings Call Transcript
Q3 2019 Hormel Foods Corp Earnings Call Transcript
Q4 2019 Hormel Foods Corp Earnings Call Transcript
Q1 2020 Hormel Foods Corp Earnings Call Transcript
Q2 2020 Hormel Foods Corp Earnings Call Transcript
Q3 2020 Hormel Foods Corp Earnings Call Transcript
Q4 2020 Hormel Foods Corp Earnings Call Transcript
Q1 2021 Hormel Foods Corp Earnings Call Transcript
See More Headlines
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Company Calendar

Ex-Dividend for 11/15 Dividend
10/13/2023
Dividend Payable
11/15/2023
Last Earnings
11/29/2023
Ex-Dividend for 2/15 Dividend
1/12/2024
Today
2/08/2024
Dividend Payable
2/15/2024
Next Earnings (Confirmed)
2/29/2024
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
$36.50
High Stock Price Target
$47.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+23.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.71
Research Coverage
7 Analysts

Profitability

Net Income
$793.57 million
Pretax Margin
8.37%

Debt

Sales & Book Value

Annual Sales
$12.11 billion
Cash Flow
$2.09 per share
Book Value
$14.16 per share

Miscellaneous

Free Float
543,027,000
Market Cap
$16.11 billion
Optionable
Optionable
Beta
0.24

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Should I Buy Hormel Foods Stock? HRL Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Hormel Foods was last updated on Tuesday, February 6, 2024 at 8:09 PM.

Pros

Here are some ways that investors could benefit from investing in Hormel Foods Co.:

  • Hormel Foods Co. is a well-established company that has been in operation since 1891.
  • They have a diverse range of products, including meat, nuts, and other food products, which allows for multiple revenue streams.
  • The company has a strong presence in the retail, foodservice, deli, and commercial industries, providing opportunities for growth and market expansion.
  • Hormel Foods Co. has a history of developing and distributing high-quality products, which can attract loyal customers and drive sales.
  • Recent developments and updates in the company's operations and offerings indicate a commitment to innovation and staying competitive in the market.

Cons

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

  • While Hormel Foods Co. has a strong presence in the market, it also faces competition from other food companies, which may impact its market share and profitability.
  • Fluctuations in commodity prices, such as meat and nuts, can affect the company's production costs and profitability.
  • Changes in consumer preferences and dietary trends may require Hormel Foods Co. to adapt its product offerings, which can involve additional costs and risks.
  • The company's operations are subject to various regulations and compliance requirements, which can impact its operations and financial performance.
  • Investors should consider the current stock price and market conditions before making investment decisions related to Hormel Foods Co.














HRL Stock Analysis - Frequently Asked Questions

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.

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
This page (NYSE:HRL) was last updated on 2/8/2024 by MarketBeat.com Staff

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