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Hormel Foods Corporation (HRL)

Stock Price: $48.52 USD 1.48 (3.15%)
Updated Jan 26, 2021 4:03 PM EST - Market closed
After-hours: $48.50 -0.02 (-0.04%) Jan 26, 6:43 PM
Market Cap 25.59B
Revenue (ttm) 9.61B
Net Income (ttm) 908.08M
Shares Out 538.01M
EPS (ttm) 1.66
PE Ratio 29.23
Forward PE 26.74
Dividend $0.98
Dividend Yield 2.02%
Trading Day January 26
Last Price $48.52
Previous Close $47.04
Change ($) 1.48
Change (%) 3.15%
Day's Open 47.00
Day's Range 46.68 - 48.76
Day's Volume 4,779,850
52-Week Range 39.29 - 52.23

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Seeking Alpha - 1 week ago

Welcome to Alpha Trader. We have a special double bill today in honor of wildcard weekend coming up on the show. Eddy Elfenbein of Crossing Wall Street giving us his top five new stocks for 20...

Other stocks mentioned: ABT, BDX, CWS, EGBN, GL, HEI, MLR, RPM, TMO, ZTS
Seeking Alpha - 2 weeks ago

This week's Alpha Trader podcast features hosts Aaron Task and Stephen Alpher speaking with LPL Financial's Ryan Detrick and Eddy Elfenbein, editor of the Crossing Wall Street blog and portfol...

Other stocks mentioned: ABT, BDX, CWS, EGBN, GL, HEI, MLR, RPM, TMO, ZTS
Seeking Alpha - 2 weeks ago

Momentum for Hormel Foods stock is at its nadir while there are enough positives to make this a stock for serious consideration in one's portfolio. The recent slip in share price brings it clo...

Seeking Alpha - 3 weeks ago

This article is part of our monthly series where we highlight five companies that are large cap, relatively safe, dividend paying, and are offering large discounts to their historical norms. I...

Other stocks mentioned: GD, JNJ, T, TXN
PRNewsWire - 3 weeks ago

AUSTIN, Minn., Dec. 30, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, was recently named of one America's Most Responsible Companies by Newsweek mag...

Zacks Investment Research - 4 weeks ago

Hormel Foods' (HRL) prudent product launches are boosting retail business, amid weak foodservice channel.

Zacks Investment Research - 1 month ago

Hormel (HRL) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research - 1 month ago

Hormel Foods (HRL) opens Papillion Foods, a 535,000-square feet manufacturing plant, to make salami and dry sausage products.

PRNewsWire - 1 month ago

AUSTIN, Minn., Dec 22, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced the opening of its newest production facility, Papillion Foods, locat...

PRNewsWire - 1 month ago

AUSTIN, Minn., Dec. 16, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced it will hold its 2021 Annual Meeting of Stockholders virtually due t...

Zacks Investment Research - 1 month ago

Hormel Foods' (HRL) new protein puffs are likely to add more gleam to its plant-based product line-up.

Zacks Investment Research - 1 month ago

Hormel Foods' (HRL) focus on product innovations are yielding. Also, the company's lucrative buyouts are noteworthy.

The Motley Fool - 1 month ago

Rock-solid end markets and companies with progressive dividend policies are key for investors building portfolios for retirement.

Other stocks mentioned: LOW, UNP
Seeking Alpha - 1 month ago

Aflac announced a 17.8% dividend increase. That is a huge dividend increase. Rockwell, like Hormel, announced a smaller-than-expected dividend increase.

Other stocks mentioned: AFL, COST, HPQ, MKC, NKE, ROK, TJX
Seeking Alpha - 1 month ago

For the month, there were 13 buys including two new positions. I made the month's purchases last Friday. With the market flying high, what bargains are out there now?

Other stocks mentioned: ABEV, AZPN, BRKR, CBOE, DANOY, ED, ENB, FAF, FLIC, ITIC, JNJ, OVBC, ROP
Seeking Alpha - 1 month ago

This weekly article series covers dividend changes. A summary table provides relevant data and key statistics of dividend increases.

Other stocks mentioned: BDX, CFR, FMBH, HIFS, HPQ, SJI, YORW
GuruFocus - 2 months ago

With Thanksgiving once again upon us, investors may want to consider looking at companies that profit from the holiday that brings family and friends together.

Other stocks mentioned: CAG, CPB, KHC, MKC
Schaeffers Research - 2 months ago

The shares of Hormel Foods Corp (NYSE:HRL) are down 0.5% at $46.98 today, after receiving a price-target cut from JP Morgan to $44 from $45, as well as a price-target hike from Piper Sandler t...

Seeking Alpha - 2 months ago

Hormel Foods Corporation (HRL) CEO Jim Snee on Q4 2020 Results - Earnings Call Transcript

GuruFocus - 2 months ago

Hormel Foods Corp. (NYSE:HRL) released its fiscal fourth-quarter 2020 results before the market opened on Nov. 24. Both earnings and revenue failed to surpass Zacks' consensus estimate.

Zacks Investment Research - 2 months ago

Hormel Foods' (HRL) fourth-quarter fiscal 2020 results reflect persistent weakness in the foodservice channel. Moreover, high costs related to the pandemic put pressure on profits.

Zacks Investment Research - 2 months ago

Hormel (HRL) delivered earnings and revenue surprises of -2.27% and -7.06%, respectively, for the quarter ended October 2020. Do the numbers hold clues to what lies ahead for the stock?

Market Watch - 2 months ago

Shares of Hormel Foods Corp. shed 2.3% in premarket trading Tuesday, as the packaged foods company reported fiscal fourth-quarter profit that fell shy of expectations and a surprise decline in...

PRNewsWire - 2 months ago

AUSTIN, Minn., Nov. 24, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the fourth quarter of fiscal 2020. All comp...

PRNewsWire - 2 months ago

AUSTIN, Minn., Nov. 23, 2020 /PRNewswire/ -- The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced a 5 percent increase to the annual d...

PRNewsWire - 2 months ago

AUSTIN, Minn., Nov. 23, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced it will host the World's Largest Virtual Friendsgiving Hormel ...

Zacks Investment Research - 2 months ago

Increased demand in retail channel amid COVID-19 is likely to get reflected in Hormel Foods' (HRL) fourth-quarter fiscal 2020 numbers. However, soft foodservice business is a concern.

The Motley Fool - 2 months ago

The packaged meat products maker has been a fairly solid play through thick and thin.

InvestorPlace - 2 months ago

There is still a lot of uncertainty in the markets with Covid-19 on the rise again, but you can count on these stalwart dividend stocks. The post 3 Safe Dividend Stocks in a Double-Dip Recessi...

Other stocks mentioned: AWR, PEP
Zacks Investment Research - 2 months ago

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.

PRNewsWire - 2 months ago

AUSTIN, Minn., Nov. 11, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today announced the recipients of this year's pair of $10,000 Hormel Heroes Scholarships. The Hormel Heroes Sc...

PRNewsWire - 2 months ago

AUSTIN, Minn., Nov. 10, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) invites you to participate in a conference call with Jim Snee, chairman of the board, president and chief exec...

Seeking Alpha - 2 months ago

AbbVie snuck in a nice dividend increase before the end of the month. I was caught completely off-guard by the announcement. Whirlpool delivered a 4.17% dividend increase to their shareholders...

Other stocks mentioned: ADP, AEP, AVY, CMI, EMR, IRM, MCD, MKC, NKE, SYY, V, VFC, WHR
Seeking Alpha - 2 months ago

Hormel Foods is a company of brands and innovation. Its stock split several times, bounces back with fortitude and resilience, and they are in  the essential food industry. There are downsides...

The Motley Fool - 2 months ago

Some companies are simple to understand, some are more complex. Food makers Hershey and Hormel look simple, but they aren't.

Other stocks mentioned: HSY
PRNewsWire - 2 months ago

AUSTIN, Minn., Oct. 30, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) is pleased to announce that it has received numerous accolades for its internship program. The company was ran...

Zacks Investment Research - 2 months ago

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

Other stocks mentioned: PPC
PRNewsWire - 3 months ago

AUSTIN, Minn., Oct. 23, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced the advancements of several plant managers as a result of the ...

The Motley Fool - 3 months ago

Hormel has a unique, hands-on business model. That's been a long-term benefit, but it's a big problem today.

PRNewsWire - 3 months ago

AUSTIN, Minn., Oct. 21, 2020 /PRNewswire/ -- The makers of Hormel® Black Label® bacon are reinventing bacon once again with the launch of – Hormel® Black Label® Ranch Thick Cut Bacon and Horme...

Zacks Investment Research - 3 months ago

Hormel Foods' (HRL) retail and deli businesses are doing well, as consumers resort to at home dining amid the pandemic. However, declines in foodservice business are a worry.

The Motley Fool - 3 months ago

The pandemic is back in the headlines. Here's how to protect your portfolio.

Other stocks mentioned: BIP, ORA
PRNewsWire - 3 months ago

AUSTIN, Minn., Oct. 6, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced it has donated more than 540,000 pounds of foodservice breakfas...

Kiplinger - 3 months ago

The stock market suffered a turbulent September, and a number of factors are pointing toward an equally bumpy rest of the year. That likely will have investors looking for a smoother market ri...

Other stocks mentioned: BMY, CERN, CL, COST, DG, GIS, JNJ, K, KMB, RSG, VZ, VZA
PRNewsWire - 3 months ago

AUSTIN, Minn., Oct. 2, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, has announced its participation in the Dine, Shop & Share for No Kid Hungry cam...

PRNewsWire - 3 months ago

AUSTIN, Minn., Sept. 29, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that its quarterly dividend on the common stock, authorized b...

PRNewsWire - 4 months ago

AUSTIN, Minn., Sept. 23, 2020 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today announced the launch of its 14th annual corporate responsibility (CR) report. The report is available o...

Seeking Alpha - 4 months ago

Hormel Foods is a Dividend Champion with 53 consecutive years of dividend growth. Shares currently yield 1.91%.

The Motley Fool - 4 months ago

The company is subject to a lot of bearish forecasting – but that might be a good thing.

InvestorPlace - 4 months ago

Summer is kicking off and Americans are returning to the gym. Investors should look to strengthen their portfolios with these fitness stocks.

Other stocks mentioned: BRBR, LULU, NKE, PTON, UA, UAA

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... [Read more...]

Industry
Packaged Foods
Founded
1891
CEO
James Snee
Employees
19,100
Stock Exchange
NYSE
Ticker Symbol
HRL
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 Forecasts

According to 13 analysts, the average rating for Hormel Foods stock is "Hold." The 12-month stock price forecast is 46.00, which is a decrease of -5.19% from the latest price.

Price Target
$46.00
(-5.19% downside)
Analyst Consensus: Hold