Hormel Foods Corporation (HRL)

NYSE: HRL · IEX Real-Time Price · USD
48.21 -0.80 (-1.63%)
Jan 25, 2022 4:03 PM EST - Market closed
Market Cap26.16B
Revenue (ttm)11.39B
Net Income (ttm)908.84M
Shares Out542.57M
EPS (ttm)1.66
PE Ratio29.04
Forward PE24.39
Dividend$1.00 (2.06%)
Ex-Dividend DateJan 14, 2022
Volume2,314,549
Open48.92
Previous Close49.01
Day's Range48.02 - 48.94
52-Week Range40.48 - 50.86
Beta0.06
AnalystsHold
Price Target46.75 (-3.0%)
Earnings DateFeb 16, 2022

About HRL

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, 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 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,...

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

Financial Performance

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for Hormel Foods stock is "Hold." The 12-month stock price forecast is 46.75, which is a decrease of -3.03% from the latest price.

Price Target
$46.75
(-3.03% downside)
Analyst Consensus: Hold

News

3 Dividend Kings That Should Crush The Broader Market in 2022

The ongoing flight to safety ought to strong favor these defensively oriented dividend stocks.

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1 day ago - The Motley Fool

Pound the Meat: 3 Meat Product Stocks Outperforming the Market

Pound the Meat: 3 Meat Product Stocks Outperforming the Market

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5 days ago - Zacks Investment Research

This is Why Hormel Foods (HRL) is a Great Dividend Stock

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hormel Foods (HRL) have what it takes?

1 week ago - Zacks Investment Research

Hormel Foods and Justin's Donate $10,000 to Conscious Alliance to Help those Impacted by Colorado Wildfires

AUSTIN, Minn., Jan. 11, 2022 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, and its Justin's subsidiary (based in Boulder, Colo.

2 weeks ago - PRNewsWire

If I Could Buy Only 1 Stock, This Would Be It

Despite the lofty market, I recently bought more shares of this food maker. It is, literally, the only stock that I've been willing to buy.

2 weeks ago - The Motley Fool

2 of the Cheapest Stocks I Own

I look at value a little differently than most, putting special emphasis on a company's relative dividend yield.

Other symbols:K
2 weeks ago - The Motley Fool

Hormel Foods: What Nobody Talks About

Hormel owns iconic brands like Spam and Planters, but it also has something special going for it.

2 weeks ago - The Motley Fool

5 Stocks I Own and Will Add to If the Stock Market Crashes

I generally like all the stocks I own, but these five would be tops on my list for new cash in a market sell-off.

Other symbols:MMMNUEOPG
2 weeks ago - The Motley Fool

Hormel Foods Donates More Than 93,000 Pounds of Ham to Convoy of Hope to Help Families in Kentucky, Texas

AUSTIN, Minn., Jan. 5, 2022 /PRNewswire/ -- In its continuous efforts to help fight hunger and assist those impacted by the devastating tornadoes that ravaged large sections of Kentucky, Hormel Foods Co...

2 weeks ago - PRNewsWire

Cramer says look to own some of these dividend stocks now that 'the Fed is no longer your friend'

"Mad Money" host Jim Cramer on Monday discussed some of the dividend stocks he believes investors should look to own in 2022, including the likes of Hormel, McDonald's and NextEra Energy.

3 weeks ago - CNBC Television

3 Stocks Worth Watching on the Meatless Meat Revolution

Thanks to rising consumer demand for healthier food options, plant-based protein items have been gaining much attention. Food companies like Tyson Foods (TSN), Hormel Foods (HRL) and Ingredion Incorpora...

Other symbols:INGRTSN
3 weeks ago - Zacks Investment Research

Ring in 2022 With These 5 Dividend Kings

You can count on these five dividend-producing stocks to put money in your pocket each quarter.

Other symbols:AWRJNJLANCMO
3 weeks ago - The Motley Fool

Forbes Names Hormel Foods One of the World's Top Female-Friendly Companies

AUSTIN, Minn., Dec. 28, 2021 /PRNewswire/ -- Throughout 2021, Hormel Foods Corporation, (NYSE: HRL), a global branded food company, received numerous awards from publications, including Newsweek magazin...

4 weeks ago - PRNewsWire

Hormel Foods (HRL) Gains But Lags Market: What You Should Know

Hormel Foods (HRL) closed at $47.77 in the latest trading session, marking a +0.15% move from the prior day.

1 month ago - Zacks Investment Research

3 Stocks You Can Confidently Buy After a Market Downturn

If you are looking for stocks to put on your wish list in case the market takes a nosedive, this trio of names should be right at the top.

Other symbols:FRTMMM
1 month ago - The Motley Fool

2 Undervalued Dividend Champions Worth Considering

For those looking for top dividend growing names, the Dividend Champions can be an excellent place to start a search. Companies with this status have increased their dividends for at least 25 consecutiv...

Other symbols:BEN
1 month ago - GuruFocus

A Trio of Defensive Stocks for the Value Investor

If you want to make your portfolio more resilient so that it will be strong enough to withstand recessions, the following defensive stocks may be suitable. These businesses have continued to generate ea...

Other symbols:KPEP
1 month ago - GuruFocus

Hormel Foods To Hold Virtual Annual Meeting of Stockholders

AUSTIN, Minn., Dec. 15, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced it will hold its 2022 Annual Meeting of Stockholders virtually due to the cont...

1 month ago - PRNewsWire

Green Circle Foodtech Ventures announces the launch of Fund I, dedicated to Sustainable, Disruptive Technologies in t...

NEW YORK--(BUSINESS WIRE)--Green Circle Capital Partners is pleased to announce the launch of their venture capital division, having conducted a first closing for Green Circle Foodtech Ventures I (GCFV)...

1 month ago - Business Wire

Piper Sandler Bumps Up Hormel Foods Price Target By 9%

Piper Sandler analyst Michael Lavery raised the price target on Hormel Foods Corp (NYSE:HRL) to $49 from $45 and kept a Neutral rating on the shares, suggesting a 7% upside. Lavery noted the company's p...

1 month ago - Benzinga

Spam sales hit record high for seventh straight year in 2021, says Hormel Foods CEO

Hormel Foods CEO Jim Snee appeared on Thursday's episode of "Mad Money."

1 month ago - CNBC Television

Hormel Foods CEO talks Q3 earnings 'momentum' and record Spam sales

Hormel Foods CEO Jim Snee joins Yahoo Finance Live to discuss the company's Q3 earnings, record Spam sales, and how Planters fits into Hormel's future plans. Don't Miss: Valley of Hype: The Culture That...

1 month ago - Yahoo Finance

Is Hormel Foods stock a good bet after raising its quarterly dividend?

On Thursday, Hormel Foods Corp (NYSE:HRL) shares rallied more than 5% after reporting its most recent quarterly results. The company announced its fiscal fourth-quarter revenue and earnings before marke...

1 month ago - Invezz

Hormel Foods' (HRL) Q4 Earnings Beat Estimates, Sales Increase

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

1 month ago - Zacks Investment Research

Hormel Foods Q4 Earnings Top Estimates

Hormel Foods Corp (NYSE: HRL) reported fourth-quarter FY21 sales growth of 43% year-on-year, to $3.5 billion, beating the analyst consensus of $3.22 billion. Net sales for Refrigerated Foods increased 4...

1 month ago - Benzinga