Should I buy or sell Hormel Foods stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street 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?

5 brokerages have issued 12-month 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 year. This suggests that the stock has a possible downside of 8.9%. 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 shares have increased by 6.0% and is now trading at $34.04. View the best growth stocks for 2024 here .

Are investors shorting Hormel Foods?

Hormel Foods saw a increase in short interest in 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 daily trading volume, of 3,160,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.7% of the shares of the stock are sold short. 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, June 6th 2024. View our HRL earnings forecast .

How were Hormel Foods' earnings last quarter?

Hormel Foods Co. (NYSE:HRL) issued its quarterly earnings data on Thursday, February, 29th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.91 billion. Hormel Foods had a net margin of 6.55% and a trailing twelve-month return on equity of 11.51%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. Read the conference call transcript .

How often does Hormel Foods pay dividends? What is the dividend yield for Hormel Foods?

Hormel Foods declared a quarterly dividend on Monday, March 25th. Stockholders of record on Monday, March 25th will be given 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 3.32%. The ex-dividend date is Friday, April 12th. 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 3.33%. 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 .

What ETFs hold Hormel Foods' stock?

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) .

When did Hormel Foods' stock split?

Hormel Foods's stock split before market open on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly issued shares were payable 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.

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

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 earnings per share 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.

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 retail and institutional 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 . 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

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$34.04

+0.23 (+0.68%)

(As of 04/17/2024 ET)

Compare

Today's Range: $33.76
▼
$34.23
50-Day Range: $28.72
▼
$35.30
52-Week Range: $28.51
▼
$41.73

Volume: 2.19 million shs
Average Volume: 3.18 million shs
Market Capitalization: $18.64 billion

P/E Ratio: 23.32
Dividend Yield: 3.32%
Price Target: $31.00

Get Hormel Foods alerts:

Hormel Foods MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.60 Rating Score
Upside/Downside: 8.9% Downside
$31.00 Price Target
Short Interest: Healthy
3.50% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -3.56
Upright™ Environmental Score
News Sentiment: 0.53
Based on 6 Articles This Week
Insider Trading: Selling Shares
$1.41 M Sold Last Quarter
Proj. Earnings Growth: 6.29%
From $1.59 to $1.69 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.

2.67 out of 5 stars

Consumer Staples Sector

83rd out of 131 stocks

Meat Packing Plants Industry

1st out of 2 stocks

0.8

Analyst's Opinion

Consensus Rating
Hormel Foods has received a consensus rating of Reduce. The company's average rating score is 1.60, and is based on no buy ratings, 3 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Hormel Foods has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.50% 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 3.1, 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 4.79%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
Hormel Foods pays a meaningful dividend of 3.33%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Hormel Foods has been increasing its dividend for 59 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 66.86% 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.

1.4

News and Social Media Coverage

News Sentiment
Hormel Foods has a news sentiment score of 0.53. 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 6 news articles for Hormel Foods this week, compared to 8 articles on an average week.
Search Interest
Only 33 people have searched for HRL on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.
MarketBeat Follows
Only 19 people have added Hormel Foods to their MarketBeat watchlist in the last 30 days. This is a decrease of -34% 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 $1,414,872.00 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Hormel Foods are expected to grow by 6.29% in the coming year, from $1.59 to $1.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hormel Foods is 23.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hormel Foods is 23.32, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 20.78.
Price to Earnings Growth Ratio
Hormel Foods has a PEG Ratio of 3.27. 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 2.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

April 2, 2024 | insidertrades.com

Hormel Foods Co. (NYSE:HRL) SVP Kevin L. Myers Sells 10,000 Shares

April 2, 2024 | insidertrades.com

Mark A. Coffey Sells 15,400 Shares of Hormel Foods Co. (NYSE:HRL) Stock

April 17, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

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March 27, 2024 | marketbeat.com

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March 27, 2024 | marketbeat.com

5 Dividend Kings Stocks to Load Up on Now (HRL)

Dividend Kings are stocks that can be bought over and over again to build larger income-producing positions; these stocks are down and pay high yields.

April 17, 2024 | finance.yahoo.com

MegaMex Foods Debuts DOÑA MARIA® Mole Rojo

April 17, 2024 | prnewswire.com

MegaMex Foods Debuts DOÑA MARIA® Mole Rojo

April 16, 2024 | fool.com

Hormel Foods: Buy, Sell, or Hold?

April 17, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

April 13, 2024 | fool.com

1 Dividend Growth Stock Down 35% to Buy Right Now

April 10, 2024 | prnewswire.com

Hormel Foods Seeking Nominations for 2024 Class of 10 Under 20 Food Heroes

April 10, 2024 | americanbankingnews.com

Hormel Foods Co. (NYSE:HRL) Receives Consensus Rating of "Reduce" from Analysts

April 5, 2024 | investing.com

Hormel Foods director sells over $150k in company stock

April 3, 2024 | fool.com

Years' Worth of Passive Income Is Hiding in Plain Sight

April 2, 2024 | prnewswire.com

PLANTERS® Brand Team Introduces New Flavor-Forward Innovation in Snack Nuts with Launch of PLANTERS® Nut Duos Snacks

April 1, 2024 | prnewswire.com

The Makers of the SPAM® Brand Send Aloha to Their Fans in Hawaii with Special Edition Collectors Can

April 1, 2024 | prnewswire.com

This is No Joke! The Makers of the PLANTERS® Brand Search for the Next Class of Peanutters

March 31, 2024 | fool.com

Coca-Cola, Pepsi, and Hormel Are All Magnificent Dividend Stocks. But There's a Simple Reason I Choose 1 Over the Other 2.

March 29, 2024 | finance.yahoo.com

Hormel Foods (NYSE:HRL) Is Due To Pay A Dividend Of $0.2825

March 25, 2024 | bizjournals.com

Pepperoni maker Hormel names 2024's top pizza trends

March 25, 2024 | msn.com

Hormel Foods declares $0.2825 dividend

March 25, 2024 | finance.yahoo.com

Hormel Foods Corporation Declares Quarterly Dividend

March 25, 2024 | msn.com

Chick-fil-A reverses course on 'no antibiotics ever' position

March 25, 2024 | finance.yahoo.com

Can Hormel Foods Corporation's (NYSE:HRL) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?

March 25, 2024 | investorplace.com

3 Top Dividend Growth Stocks to Buy Right Now

March 25, 2024 | fool.com

Hormel Foods: Buy, Sell, or Hold?

March 22, 2024 | prnewswire.com

After Another Successful Showing at International Pizza Expo, the Experts at Hormel Foods Identify Top-5 Pizza Trends of 2024

See More Headlines

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Company Calendar

Ex-Dividend for 2/15 Dividend: 1/12/2024
Dividend Payable: 2/15/2024
Last Earnings: 2/29/2024
Ex-Dividend for 5/15 Dividend: 4/12/2024
Today: 4/17/2024
Dividend Payable: 5/15/2024
Next Earnings (Estimated): 6/06/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Staples
Industry: Meat packing plants
Sub-Industry: Packaged Foods & Meats
Current Symbol: NYSE:HRL
CUSIP: 44045210
CIK: 48465
Web: www.hormelfoods.com
Phone: (507) 437-5611
Fax: 507-437-5838
Employees: 20,000
Year Founded: 1891

Price Target and Rating

Average Stock Price Target: $31.00
High Stock Price Target: $35.00
Low Stock Price Target: $28.00
Potential Upside/Downside: -8.9%
Consensus Rating: Reduce
Rating Score (0-4): 1.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.46
Trailing P/E Ratio: 23.32
Forward P/E Ratio: 21.41
P/E Growth: 3.27
Net Income: $793.57 million
Net Margins: 6.55%
Pretax Margin: 8.39%
Return on Equity: 11.51%
Return on Assets: 6.64%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: 1.49
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $12.11 billion
Price / Sales: 1.54
Cash Flow: $2.14 per share
Price / Cash Flow: 15.92
Book Value: $14.16 per share
Price / Book: 2.40

Miscellaneous

Outstanding Shares: 547,700,000
Free Float: 543,921,000
Market Cap: $18.64 billion
Optionable: Optionable
Beta: 0.27

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Key Executives

Mr. James P. Snee (Age 57)
Chairman, President & CEO
Comp: $2.51M
Ms. Jacinth C. Smiley (Age 55)
Executive VP & CFO
Comp: $1.02M
Ms. Deanna T. Brady (Age 59)
Executive Vice President of Retail
Comp: $995.45k
Mr. Kevin L. Myers Ph.D. (Age 59)
Senior Vice President of Research & Development and Quality Control
Comp: $744.24k
David W. Dahlstrom
Director of Investor Relations
Mr. Pierre M. Lilly (Age 52)
Senior VP & Chief Compliance Officer
Ms. Katie Clark
Senior VP & Chief Communications Officer
Mr. Nathan P. Annis
Vice President of Corporate Development
Ms. Katherine M. Losness Larson (Age 58)
Senior Vice President of Human Resources
Mr. D. Scott Aakre (Age 60)
Group VP & Chief Marketing Officer of Hormel Foods Retail Business

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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

Pros

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

Hormel Foods Co. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
The company's diverse product portfolio, including popular brands like SPAM and SKIPPY, provides stability and resilience in various market conditions.
Recent cost-saving initiatives have improved profit margins, enhancing shareholder value.
Hormel Foods Co.'s focus on innovation and product development keeps it competitive in the ever-evolving food industry.
With a current stock price that is undervalued compared to its peers, there is potential for capital appreciation in the near future.

Cons

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

As a company heavily reliant on commodity prices, fluctuations in raw material costs could impact profitability.
Increased competition in the packaged foods industry may put pressure on market share and pricing strategies.
Global economic uncertainties and trade tensions could affect Hormel Foods Co.'s international operations and revenue streams.
Changing consumer preferences towards healthier food options may require significant investments in product reformulations.
Regulatory changes related to food safety standards and labeling requirements could increase compliance costs for the company.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Hormel Foods pros and cons to contact@marketbeat.com.

HRL Stock Analysis - Frequently Asked Questions

Should I buy or sell Hormel Foods stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street 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?: 5 brokerages have issued 12-month 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 year. This suggests that the stock has a possible downside of 8.9%.
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 shares have increased by 6.0% and is now trading at $34.04.
View the best growth stocks for 2024 here.
Are investors shorting Hormel Foods?: Hormel Foods saw a increase in short interest in 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 daily trading volume, of 3,160,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.7% of the shares of the stock are sold short.
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, June 6th 2024.
View our HRL earnings forecast.
How were Hormel Foods' earnings last quarter?: Hormel Foods Co. (NYSE:HRL) issued its quarterly earnings data on Thursday, February, 29th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.91 billion. Hormel Foods had a net margin of 6.55% and a trailing twelve-month return on equity of 11.51%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS.
Read the conference call transcript.
How often does Hormel Foods pay dividends? What is the dividend yield for Hormel Foods?: Hormel Foods declared a quarterly dividend on Monday, March 25th. Stockholders of record on Monday, March 25th will be given 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 3.32%. The ex-dividend date is Friday, April 12th.
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 3.33%. 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.

What ETFs hold Hormel Foods' stock?: 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).
When did Hormel Foods' stock split?: Hormel Foods's stock split before market open on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly issued shares were payable 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.
What guidance has Hormel Foods issued on next quarter's earnings?: 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 earnings per share 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.
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 retail and institutional 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.
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.
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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.
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This page (NYSE:HRL) was last updated on 4/17/2024 by MarketBeat.com Staff

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