|Bid||0.00 x 3200|
|Ask||42.50 x 1200|
|Day's Range||39.84 - 40.15|
|52 Week Range||29.75 - 42.29|
|PE Ratio (TTM)||22.48|
|Earnings Date||Nov 19, 2018 - Nov 23, 2018|
|Forward Dividend & Yield||0.75 (1.79%)|
|1y Target Est||36.58|
Hormel Foods (HRL) has missed the sales estimates for all three quarters of fiscal 2018. The weakness in turkey and hog markets remains a big concern for Hormel Foods. On the third quarter conference call, Hormel Foods’ CEO, Jim Snee, stated that uncertainty surrounded the exports business primarily due to tariff hikes.
On September 19, Hormel Foods (HRL) was trading at a 12-month forward PE (price-to-earnings) ratio of 21.5x. However, the company is trading at a higher valuation multiple in comparison to peers. Tyson Foods (TSN) is trading at a 12-month forward PE ratio of 10.2x. Pilgrim’s Pride (PPC), Campbell Soup (CPB), and Conagra (CAG) are trading at 8.2x, 16.2x, and 16.3x, respectively, as of September 19.
Hormel Foods’ (HRL) current dividend yield is 1.9% based on the closing price of $39.66 as of September 19. In comparison, Tyson Foods’ (TSN) current dividend yield stands at 1.9%, while that of Sanderson Farms (SAFM) is 1.3%. Campbell Soup’s (CPB) current yield is 3.5%, and that of Conagra’s (CAG) is 2.3% based on its September 19 closing price. Dividend yield implies the cash flow received by the investor for each dollar invested in the company’s stock.
The majority of analysts have maintained a “hold” rating for Hormel Foods (HRL). Over the past 15 days, we have seen just one change in target price. On September 17, BMO upped the price target on Hormel Foods to $44.00 from $38.00.
Hormel Foods (HRL) has delivered year-to-date stock gains of ~9.0% as of September 19, 2018. In comparison, peers Tyson Foods (TSN), Sanderson Farms (SAFM), and Pilgrim’s Pride (PPC) have fallen 24.1%, 27.5%, and 40.2%, respectively. Hormel Foods like other industry players has been suffering from cost inflation and rising logistics costs.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising.
ORANGE, Calif., Sept. 18, 2018 /PRNewswire/ -- The maker of the HERDEZ® brand, Mexico's No. 1 selling salsa, was recognized with the CPG Award for Innovation and Creativity for its HERDEZ® Guacamole Salsa by the Grocery Manufacturers Association (GMA). The award, presented at the GMA Leadership Forum held last month at The Broadmoor in Colorado Springs, Colo., is selected each year by the GMA Advisory Council in recognition for organizations' creativity and willingness to take risks, resulting in in measurable results and significant impact on the industry. "We are on a mission to bring the spirit of Mexico to every table," said Ryan Michaelis, president of MegaMex Foods.
AUSTIN, Minn., Sept. 17, 2018 /PRNewswire/ -- Hormel Foods Corporation (HRL), a global branded food company, today announced the upcoming retirement of Kurt Mueller, senior vice president of Consumer Products Sales (CPS) and vice president of Hormel Foods. Mueller will retire after 39 years of distinguished service with the company.
Hormel Foods Corp (NYSE: HRL ) has limited near-term upside, according to BMO Capital Markets. The Analyst Analyst Kenneth Zaslow downgraded Hormel Foods from Outperform to Market Perform and increased ...
After a sideways range between $100-$110 during the first half of 2018, McCormick (NYSE:MKC), a Fortune 1000 company by revenue, finally broke through $110 in early July and closed at $132.29 on Friday, Sept. 14. Despite the recent impressive run-up in the stock price, I expect the uptrend to continue and there are several long strategies in McCormick stock that could lead to impressive profits.
After a difficult 2018, investors may consider adding Tyson Foods (NYSE:TSN) stock to their portfolio for the rest of the year. There are several long strategies in TSN stock that could lead to impressive profits. In the recent trade wars saga, China, the global top consumer of pork and one of the biggest markets for U.S. pork, introduced a 25% tariff on pork imported from the U.S. Previous 2018 earnings calls by TSN management had also been downbeat and investors in Tyson Foods stock had punished the stock throughout the year.
Minnesota's manufacturing industry contributes about $48.2 billion to the state's economy, according to the Department of Employment and Economic Development. The sector employs roughly 318,000 people, and continues to grow.
Fortunately, Simply Safe Dividends identified the 10 best dividend growth stocks that investors can rely on for secure, fast-growing income. Let’s take a look at 10 of the safest dividend stocks in the market.
AUSTIN, Minn. , Sept. 12, 2018 /PRNewswire/ -- The makers of SKIPPY ® peanut butter announced today the launch of SKIPPY ® P.B.& Jelly Minis, a portable, shareable, mess-free baked snack that is made with ...
With the market near all-time highs, it's a good time to think about adding some financially strong dividend payers to your portfolio
AUSTIN, Minn. , Sept. 5, 2018 /PRNewswire/ -- At the Barclays Global Consumer Staples Conference in Boston, Mass. , Jim Snee , chairman of the board, president and chief executive officer at Hormel Foods ...
AUSTIN, Minn., Sept. 5, 2018 /PRNewswire/ -- Hormel Foods Corporation (HRL) today announced the launch of its 12th annual corporate responsibility (CR) report. The report is available online at https://csr.hormelfoods.com/ and includes information about the company's CR progress in fiscal 2017. "We are proud of the progress we have made as a leading corporate citizen in our industry," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods, in his letter in the report.
50-plus years of dividend hikes is an astounding feat. Here are five stocks that have achieved this that you should be buying or watching.
NEW YORK, Aug. 31, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of International ...
Hormel Foods (HRL) reported adjusted EPS of $0.39 for its fiscal third quarter of 2018, which matched the consensus estimate. Its gross margin contracted 100 basis points to 19.5% due to increases in the cost of goods. Selling, general, and administrative expenses rose 19.3% due to higher advertising costs and acquisitions.