Hormel Foods (HRL) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last twelve months. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" HRL shares.
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5 brokers have issued 1-year target prices for Hormel Foods' shares. Their HRL share price targets range from $28.00 to $35.00. On average, they anticipate the company's share price to reach $31.00 in the next twelve months. This suggests that the stock has a possible downside of 9.8%.
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Hormel Foods' stock was trading at $32.11 at the start of the year. Since then, HRL stock has increased by 7.1% and is now trading at $34.38.
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Hormel Foods saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 10,650,000 shares, an increase of 6.7% from the February 29th total of 9,980,000 shares. Based on an average trading volume of 3,160,000 shares, the short-interest ratio is currently 3.4 days. Currently, 3.7% of the company's shares are short sold.
View Hormel Foods' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our HRL earnings forecast.

Hormel Foods Co. (NYSE:HRL) posted its quarterly earnings data on Thursday, February, 29th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company earned $3 billion during the quarter, compared to analysts' expectations of $2.91 billion. Hormel Foods had a trailing twelve-month return on equity of 11.51% and a net margin of 6.55%. Hormel Foods's quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share.
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Hormel Foods declared a quarterly dividend on Monday, March 25th. Investors of record on Monday, March 25th will be paid a dividend of $0.2825 per share on Wednesday, May 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, April 12th.
Read our dividend analysis for HRL.

Hormel Foods (NYSE:HRL) pays an annual dividend of $1.13 per share and currently has a dividend yield of 3.34%. The company has been increasing its dividend for 59 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 66.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HRL.

ETFs with the largest weight of Hormel Foods (NYSE:HRL) stock in their portfolio include Roundhill S&P Dividend Monarchs ETF (KNGS), First Trust Nasdaq Food & Beverage ETF (FTXG), Mohr Growth ETF (MOHR), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), First Trust Consumer Staples AlphaDEX Fund (FXG), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD) and FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).

Hormel Foods's stock split on the morning of 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.

Hormel Foods updated its FY24 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of $1.51 to $1.65 for the period, compared to the consensus estimate of $1.54. The company issued revenue guidance of $12.2 billion to $12.5 billion, compared to the consensus revenue estimate of $12.16 billion.

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.

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).

Hormel Foods' stock is owned by many different institutional and retail investors. Top institutional investors include CWM LLC (0.09%), Mather Group LLC. (0.07%), IMC Chicago LLC (0.00%), Gateway Investment Advisers LLC (0.02%), Wealth Enhancement Advisory Services LLC (0.02%) and Los Angeles Capital Management LLC (0.01%). Insiders that own company stock include Becerra Jose Luis Prado, Christopher J Policinski, Deanna T Brady, Elsa A Murano, Gary Jamison, 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.
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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.
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