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Hormel Foods Corporation (HRL)

NYSE: HRL · IEX Real-Time Price · USD
42.29
+0.27 (0.64%)
After-hours:Sep 17, 2021 7:04 PM EDT
42.02
0.16 (0.38%)
At close: Sep 17, 4:00 PM
Market Cap22.80B
Revenue (ttm)10.35B
Net Income (ttm)861.46M
Shares Out541.75M
EPS (ttm)1.58
PE Ratio26.59
Forward PE22.22
Dividend$0.97 (2.30%)
Ex-Dividend DateJul 9, 2021
Volume6,440,491
Open41.68
Previous Close41.86
Day's Range41.40 - 42.26
52-Week Range41.36 - 51.69
Beta-0.08
AnalystsHold
Price Target45.56 (+8.4%)
Est. Earnings DateNov 23, 2021

About HRL

Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stabl...

IndustryFood Products
Founded1891
CEOJeffrey Ettinger
Employees20,000
Stock ExchangeNYSE
Ticker SymbolHRL
Full Company Profile

Financial Performance

In 2020, Hormel Foods's revenue was $9.61 billion, an increase of 1.17% compared to the previous year's $9.50 billion. Earnings were $908.08 million, a decrease of -7.23%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for Hormel Foods stock is "Hold." The 12-month stock price forecast is 45.56, which is an increase of 8.42% from the latest price.

Price Target
$45.56
(8.42% upside)
Analyst Consensus: Hold

News

PPC vs. HRL: Which Stock Should Value Investors Buy Now?

PPC vs. HRL: Which Stock Is the Better Value Option?

Other symbols:PPC
1 day ago - Zacks Investment Research

Hormel Health Labs Revolutionizes Dysphagia Diet Baking with new THICK & EASY® TEXTURE MODIFIED BREAD AND DESSERT MIX

AUSTIN, Minn., Sept. 16, 2021 /PRNewswire/ -- Hormel Health Labs introduced today THICK & EASY® TEXTURE MODIFIED BREAD AND DESSERT MIX, making consumption of bread products easier for those with swallow...

3 days ago - PRNewsWire

Investing in Meat Stocks

A closer look at some meaty investment opportunties.

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1 week ago - The Motley Fool

4 of the Safest Dividend Stocks That'll Help You Crush Inflation

Inflation is high today, but don't get scared. These four dividend stocks have handily beat inflation over the long term.

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1 week ago - The Motley Fool

2 Stocks Under $100 You Can Buy and Hold Forever

This pair of reliable dividend payers is worth owning and holding through both good markets and bad.

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1 week ago - The Motley Fool

Hormel Foods to Webcast Presentation at the Barclays Global Consumer Staples Virtual Conference

AUSTIN, Minn., Sept. 7, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) announced today that Jim Snee, chairman of the board, president and chief executive officer, Jim Sheehan, executive vice...

1 week ago - PRNewsWire

Hormel Foods' (HRL) Q3 Earnings Beat Estimates, Sales Increase

Hormel Foods' (HRL) third-quarter fiscal 2021 results reflect higher net sales and earnings driven by growth across all segment and channels.

2 weeks ago - Zacks Investment Research

Hormel Foods Shares Slide After Mixed Q3 Results

Hormel Foods Corp (NYSE: HRL) reported third-quarter FY21 sales growth of 20.2% year-on-year, to $2.86 billion, beating the analyst consensus of $2.65 billion. Organic net sales improved 14%.

2 weeks ago - Benzinga

Hormel Foods (HRL) Tops Q3 Earnings and Revenue Estimates

Hormel (HRL) delivered earnings and revenue surprises of 2.63% and 6.43%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Hormel Foods Reports Third Quarter Results And Updates Full Year Earnings Guidance Range

AUSTIN, Minn., Sept. 2, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the third quarter of fiscal 2021.

2 weeks ago - PRNewsWire

PPC or HRL: Which Is the Better Value Stock Right Now?

PPC vs. HRL: Which Stock Is the Better Value Option?

Other symbols:PPC
2 weeks ago - Zacks Investment Research

Hormel Foods (HRL) Queued for Q3 Earnings: Things to Note

Hormel Foods' (HRL) third-quarter fiscal 2021 performance is likely to reflect robust demand in retail and deli channel. Recovery in the foodservice channel is also an upside.

2 weeks ago - Zacks Investment Research

Hormel Foods (HRL) Reports Next Week: Wall Street Expects Earnings Growth

Hormel (HRL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 weeks ago - Zacks Investment Research

Hormel Foods Corporation Announces Date of 2021 Virtual Investor Update Presentation

AUSTIN, Minn., Aug. 23, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) announced today that the company will host a virtual Investor Update on Thursday, October 14, 2021, from 9:00 a.m.

3 weeks ago - PRNewsWire

Hormel Foods (HRL) Focuses on Innovation to Boost Growth

Hormel Foods' (HRL) wholly-owned subsidiary, Jennie-O Turkey Store, launches an on-trend turkey barbacoa innovation to help foodservice operators.

4 weeks ago - Zacks Investment Research

Jennie-O Launches New Turkey Barbacoa Innovation for Foodservice

WILLMAR, Minn., Aug. 18, 2021 /PRNewswire/ -- Jennie-O Turkey Store announced today the company's newest, recipe ready turkey innovation that is geared toward foodservice operators – a fully cooked turk...

1 month ago - PRNewsWire

Hormel Foods Corporation Third Quarter Earnings Conference Call

AUSTIN, Minn., Aug. 9, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) invites you to participate in a conference call with Jim Snee, chairman of the board, president and chief executive offic...

1 month ago - PRNewsWire

7 Best Stocks to Buy if You Don't Like to Take Chances

With stock indexes near record highs, it's worth grabbing some defensive holdings now. Here are seven safe stocks to buy.

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1 month ago - InvestorPlace

SAFM vs. HRL: Which Stock Should Value Investors Buy Now?

SAFM vs. HRL: Which Stock Is the Better Value Option?

Other symbols:SAFM
1 month ago - Zacks Investment Research

The 10 Best Dividend Income Growers in the S&P 500

If you're looking for dividend stocks to own from the S&P 500, these 10 Dividend Aristocrats are doing a lot better than most. The post The 10 Best Dividend Income Growers in the S&P 500 appeared first ...

1 month ago - InvestorPlace

Hormel Foods Engages and Inspires its Largest Class of Summer Interns in the History of the Program

AUSTIN, Minn., July 20, 2021 /PRNewswire/ -- Hormel Foods, a global branded food company (NYSE: HRL), has once again stepped up to continue its award-winning summer internship program, accommodating a r...

1 month ago - PRNewsWire

TSN vs. HRL: Which Stock Is the Better Value Option?

TSN vs. HRL: Which Stock Is the Better Value Option?

Other symbols:TSN
2 months ago - Zacks Investment Research

Hormel Foods Featured on Selling Power's "50 Best Companies to Sell For" List in 2021

AUSTIN, Minn., July 13, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) is pleased to announce that it has ranked No.

2 months ago - PRNewsWire

If You're Retired, Consider Buying These 2 Stocks

If you've started to live off of your nest egg, then this pair of reliable dividend payers could be a good, balanced fit for your portfolio.

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This Dividend King Is About to Get a Big Boost From Reopening

With a unique approach to a vital food-distribution category, this Dividend King is only just starting its recovery.

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