Hormel/HRL

$34.38

0.99%
-
1D1W1MYTD1YMAX

About Hormel

Hormel Foods Corporation is a global manufacturer and marketer of branded food products. The Company develops, processes, and distributes a range of food products in a variety of markets. The Company operates through three segments: Retail, Foodservice, and International. The Retail segment is primarily engaged in the processing, marketing, and sale of food products sold predominantly in the retail market. This segment also includes the Company’s MegaMex Foods, LLC joint venture. The Foodservice segment is primarily engaged in the processing, marketing, and sale of food and nutritional products for foodservice, convenience store, and commercial customers. The International segment processes, markets, and sells its products internationally. Its products include Hormel Black Label bacon, Columbus charcuterie, Hormel chili, Hormel pepperoni, Applegate breaded chicken, Herdez products, Hormel Square Table entrees, Cafe H sliced meats, Austin Blues sliced meats and Mary Kitchen hash.

Ticker

HRL

Sector

Consumer Non-Cyclicals

Trading on

NYSE

Industry

Fish/Livestock

CEO

James Snee

Employees

20,000

Headquarters

Austin, United States

Hormel Metrics

BasicAdvanced
$18.64B
Market cap
23.49
P/E ratio
$1.45
EPS
0.29
Beta
$1.10
Dividend rate
3.32%
Dividend yield
$18.64B
0.28603
$41.73
$28.51
3.28M
$1.10
1.489
0.791
30.05
42.213
76.28%
132.009
177.45%
5.93%
10.28%
6.86%
23.492
1.536
2.376
16.076
50.852
2.28%
3.23%
3.32%
-2.01%
-18.51%
8.02%
-4.53%
6.14%

What the Analysts think about Hormel

Analyst Ratings

Majority rating from 11 analysts.
Hold

Price Targets

Average projection from 7 analysts.
6.08% downside
High $35.00
Low $28.00
$34.38
Current price
$32.29
Average price target

Hormel Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
7.3% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$3B
-6.29%
Net income
$218.8M
11.69%
Profit margin
7.3%
19.28%

Hormel Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 22.55%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.40
$0.40
$0.42
$0.41
-
Expected
$0.40
$0.41
$0.44
$0.33
$0.36
Surprise
1.14%
-2.79%
-5.46%
22.55%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Hormel stock?

Hormel (HRL) has a market cap of $18.64B as of April 19, 2024.

What is the P/E ratio for Hormel stock?

The price to earnings (P/E) ratio for Hormel (HRL) stock is 23.49 as of April 19, 2024.

Does Hormel stock pay dividends?

Yes, the Hormel (HRL) stock pays dividends to shareholders. As of April 19, 2024, the dividend rate is $1.1 and the yield is 3.32%. Hormel has a payout ratio of 76.28% on a trailing twelve-month basis.

When is the next Hormel dividend payment date?

The next Hormel (HRL) dividend payment is scheduled for May 15, 2024.

What is the beta indicator for Hormel?

Hormel (HRL) has a beta rating of 0.29. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Hormel stock price target?

The target price for Hormel (HRL) stock is $32.29, which is 6.08% below the current price of $34.38. This is an average based on projections from 7 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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