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Hormel Foods (HRL)
NYSE:HRL
Hormel Foods (HRL) Stock Price & Analysis
1,789 Followers
HRL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$28.28 - $40.68
Previous Close$33.81
Volume1.23M
Average Volume (3M)3.30M
Market Cap
$18.74B
Enterprise Value$20.91B
Total Cash (Recent Filing)$981.92M
Total Debt (Recent Filing)$3.31B
Price to Earnings (P/E)23.4
Beta0.41
Next Earnings
May 23, 2024EPS Estimate
$0.36Last Dividend Ex-Date
Apr 12, 2024Dividend Yield3.27%
Share Statistics
EPS (TTM)1.45
Shares Outstanding547,687,578
10 Day Avg. Volume2,537,290
30 Day Avg. Volume3,296,472
Standard Deviation0.06
R-Squared0.06
Alpha-0.00364
Financial Highlights & Ratios
Price to Book (P/B)16.01
Price to Sales (P/S)6.18
Price to Cash Flow (P/CF)11.50
P/FCF Ratio12.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.72
Enterprise Value/Gross Profit10.45
Enterprise Value/Ebitda22.91
Forecast
1Y Price Target
$31.50Price Target Upside-7.68% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering7
Hormel Foods News
PremiumMarket News
SPY ETF Update, 4/18/2024 
PremiumMarket News
SPY ETF Update, 4/16/2024 
PremiumMarket News
SPY ETF Update, 4/10/2024 
PremiumCompany Announcements
Hormel Foods Announces Board Member Resignation
Bulls Say, Bears Say
Bulls Say
Earnings PerformanceHRL shares outperformed following FY1Q24 results that came in above expectations with no change to prior FY2024 guidance range.
Operational EfficiencyStrength in the quarter was driven by better-than-expected volume growth and margins across all three segments.
Production GrowthIncreased turkey production helped overall volume growth as the company lapped avian flu-driven shortfalls from the previous year.
Bears Say
Commodity Prices ImpactLarger-than-expected declines in turkey commodity prices are expected to create a headwind for earnings in the current fiscal year.
Earnings GuidanceDespite the quarterly beat, management left their prior FY2024 EPS guidance range unchanged due to uncertain global consumer demand.
Valuation ConcernsDespite raising the price objective, the analyst maintains an Underperform rating due to concerns over pork input costs and their impact on valuation.
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Ownership Overview
47.90% Insiders
12.43% Mutual Funds
15.82% Other Institutional Investors
23.85% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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HRL FAQ
What was Hormel Foods’s price range in the past 12 months?
Hormel Foods lowest stock price was $28.28 and its highest was $40.68 in the past 12 months.
What is Hormel Foods’s market cap?
Currently, no data Available
When is Hormel Foods’s upcoming earnings report date?
Hormel Foods’s upcoming earnings report date is May 23, 2024 which is in 34 days.
How were Hormel Foods’s earnings last quarter?
Hormel Foods released its earnings results on Feb 29, 2024. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.337 by $0.073.
Is Hormel Foods overvalued?
According to Wall Street analysts Hormel Foods’s price is currently Overvalued.
Does Hormel Foods pay dividends?
Hormel Foods pays a Quarterly dividend of $0.28 which represents an annual dividend yield of 3.27%. See more information on Hormel Foods dividends here
What is Hormel Foods’s EPS estimate?
Hormel Foods’s EPS estimate is $0.36.
How many shares outstanding does Hormel Foods have?
Hormel Foods has 547,687,560 shares outstanding.
What happened to Hormel Foods’s price movement after its last earnings report?
Hormel Foods reported an EPS of $0.41 in its last earnings report, beating expectations of $0.337. Following the earnings report the stock price went up 14.552%.
Which hedge fund is a major shareholder of Hormel Foods?
Among the largest hedge funds holding Hormel Foods’s share is Mairs & Power Inc. It holds Hormel Foods’s shares valued at 175M.
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Hormel Foods Stock Smart Score
Neutral
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Analyst Consensus
Moderate Sell
Average Price Target:
$31.50 (-7.68% Downside)
$31.50 (-7.68% Downside)
Blogger Sentiment
Bullish
HRL Sentiment 86%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 19.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.4%
Last 30 Days ▼ 3.5%
Last 30 Days ▼ 3.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-11.04%
12-Months-Change
Fundamentals
Return on Equity
10.28%
Trailing 12-Months
Asset Growth
1.73%
Trailing 12-Months
Company Description
Hormel Foods
Founded in 1891, Hormel Foods Corp. is a Minnesota-based food company, which produces and markets various meat and food products to retail, food service, deli, and commercial customers. It operates through the following four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other.
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HRL Company Deck
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HRL Earnings Call
Q1 2024
0:00 / 0:00
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HRL Sales Breakdown
70.29% Perishable
29.71% Shelf-stable
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HRL Stock 12 Months Forecast
Average Price Target
$31.50
▼(-7.68% Downside)
Technical Analysis
Best Analysts Covering HRL
1 Year
1 Year Success Rate
5/8 ratings generated profit
1 Year Average Return
+3.09%
reiterated a sell rating 2 months ago
Copying Adam Samuelson's trades and holding each position for 1 Year would result in 62.50% of your transactions generating a profit, with an average return of +3.09% per trade.
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