Hormel Foods Corporation (HRL)

Market Cap	19.37B
Revenue (ttm)	12.14B
Net Income (ttm)	794.72M
Shares Out	547.69M
EPS (ttm)	1.46
PE Ratio	23.75
Forward PE	22.76
Dividend	$1.13 (3.19%)
Ex-Dividend Date	Apr 12, 2024

Volume	547,569
Open	34.80
Previous Close	35.14
Day's Range	34.61 - 35.41
52-Week Range	28.51 - 41.73
Beta	0.28
Analysts	Sell
Price Target	31.00 (-12.4%)
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 4 analysts, the average rating for HRL stock is "Sell." The 12-month stock price forecast is $31.0, which is a decrease of -12.40% from the latest price.

Price Target

$31.0

(-12.40% downside)

Analyst Consensus: Sell