Hormel Foods Corporation (HRL)

Market Cap	21.65B
Revenue (ttm)	12.39B
Net Income (ttm)	978.14M
Shares Out	546.53M
EPS (ttm)	1.79
PE Ratio	22.13
Forward PE	24.63
Dividend	$1.06 (2.66%)
Ex-Dividend Date	Jan 13, 2023

Volume	562,507
Open	39.36
Previous Close	39.24
Day's Range	39.36 - 39.71
52-Week Range	37.78 - 55.11
Beta	0.17
Analysts	Hold
Price Target	44.10 (+11.31%)
Earnings Date	Mar 2, 2023

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,...

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

Financial Performance

In 2022, Hormel Foods's revenue was $12.46 billion, an increase of 9.42% compared to the previous year's $11.39 billion. Earnings were $999.99 million, an increase of 10.03%.

Analyst Forecast

According to 20 analysts, the average rating for HRL stock is "Hold." The 12-month stock price forecast is $44.1, which is an increase of 11.31% from the latest price.

Price Target

$44.1

(11.31% upside)

Analyst Consensus: Hold