Hormel Foods Corporation (HRL)

Market Cap	16.75B
Revenue (ttm)	12.05B
Net Income (ttm)	766.76M
Shares Out	548.31M
EPS (ttm)	1.40
PE Ratio	21.82
Forward PE	19.20
Dividend	$1.13 (3.70%)
Ex-Dividend Date	Jul 15, 2024

Volume	1,662,644
Open	30.49
Previous Close	30.43
Day's Range	30.35 - 30.66
52-Week Range	28.51 - 41.73
Beta	0.25
Analysts	Hold
Price Target	32.20 (+5.4%)
Earnings Date	May 30, 2024

About 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...

• Industry: Packaged Foods
• Sector: Consumer Staples
• Founded: 1891
• Employees: 20,000
• Stock Exchange: NYSE
• Ticker Symbol: HRL

Financial Performance

In 2023, Hormel Foods's revenue was $12.11 billion, a decrease of -2.80% compared to the previous year's $12.46 billion. Earnings were $793.57 million, a decrease of -20.64%.

Analyst Forecast

According to 5 analysts, the average rating for HRL stock is "Hold." The 12-month stock price forecast is $32.2, which is an increase of 5.40% from the latest price.

Price Target

$32.2

(5.40% upside)

Analyst Consensus: Hold