|Bid||36.22 x 2900|
|Ask||39.25 x 1000|
|Day's Range||38.54 - 39.13|
|52 Week Range||29.75 - 39.13|
|PE Ratio (TTM)||22.42|
|Earnings Date||Aug 23, 2018|
|Forward Dividend & Yield||0.75 (1.94%)|
|1y Target Est||35.75|
As of August 16, Hormel Foods’ (HRL) stock price has risen ~4% on a YTD (year-to-date) basis. The stock price could accelerate more after the third-quarter results. Wall Street analysts have given strong forecasts. The adjusted EPS is expected to increase 14.7% to $0.39 due to the lower tax rate and a 7.8% increase in net sales on a YoY basis.
Hormel Foods’ (HRL) quarterly dividend payout stands at ~$0.19 per share. The company increased its dividend 10% in November 2017. Hormel Foods is a dividend aristocrat. The company has been paying increased dividends for the last 52 years. Hormel Foods started paying dividends in 1928.
Most of the analysts providing recommendations on Hormel Foods (HRL) have maintained a “hold” rating on the stock ahead of the third fiscal quarter results on August 23. As of August 16, of the 12 analysts covering the stock, 58% recommended a “hold,” 34% recommended a “buy,” and 8% recommended a “sell.”
For Hormel Foods (HRL), analysts’ consensus estimate for the adjusted EPS in the third fiscal quarter stands at $0.39, which represents 14.7% growth on a YoY (year-over-year) basis. Higher sales and the lower tax rate are expected to cushion the bottom line. Share repurchases also provide an upside to the EPS.
Hormel Foods (HRL) is scheduled to report its third fiscal quarter results on August 23. Analysts expect the company to report sales of $2.38 billion, which reflects 7.8% growth on a YoY (year-over-year) basis. The growth marks an improvement over the decline of 4.1% witnessed in the third fiscal quarter of 2017.
Hormel Foods Corp. has sold a Nebraska pork processing plant in a move that underlines the company's evolution from a meat maker to a meat marketer.
Hormel Foods (HRL) Q3 results to gain from acquisitions and lower taxes. However, weak turkey market conditions and input price inflation are a worry.
Chipotle Mexican Grill (NYSE:CMG) advanced more than 6% following a big upgrade from Morgan Stanley. As Thursday’s action gets going, AT&T (NYSE:T), Hormel Foods (NYSE:HRL) and International Paper (NYSE:IP) are shaping up as the top trading bets.
AUSTIN, Minn., Aug. 16, 2018 /PRNewswire/ -- Hormel Foods Corporation (HRL), a global branded food company, and WholeStone Farms, announced today that they have entered into a definitive agreement to sell the Hormel Foods Fremont, Neb., processing facility to WholeStone Farms, LLC. The transaction is subject to customary closing conditions and is expected to be completed in December 2018. "The Fremont facility has been an important part of our company for decades, and we are certainly pleased to have found a home for this team and facility with WholeStone Farms," said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods.
AUSTIN, Minn., Aug. 15, 2018 /PRNewswire/ -- Hormel Foods (HRL) has launched the seventh episode of Cooking & Culture, the company's award-winning video series that brings renowned chefs to Hormel Foods to discuss cultural perspectives and lessons about diversity and inclusion (D&I) while they expertly prepare recipes with Hormel Foods employees. Cooking & Culture also draws on the support and extended network of external talent to appear in each episode. The episode was hosted by Certified Master Chef and veteran Ron DeSantis and Angelita Zynda, an employee at Hormel Foods who is also a veteran.
AUSTIN, Minn., Aug. 15, 2018 /PRNewswire/ -- Hormel Foods Corporation (HRL) today announced the company was recently ranked No. 25 on the Selling Power 50 Best Companies to Sell For list. Each year, the corporate research team at Selling Power magazine assembles and publishes its list of the 50 Best Companies to Sell For. This is the 18th consecutive year the list has appeared in Selling Power.
AUSTIN, Minn. , Aug. 15, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) announced today that Jim Snee , chairman of the board, president and chief executive officer, and Jim Sheehan , senior ...
Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Hormel Foods Corporation breached their fiduciary duties to shareholders.
Slow-moving consumer stocks aren't the sexiest investments, but those that can be relied on for regular dividend growth through both good times and bad can be a long-term investor's best friend. After all, bull markets and economic expansions don't last forever. "Quality dividend payers can also offer defensive, resilient businesses and current income generation to buffer against potential future (stock market) drawdowns," writes Tony DeSpirito, director of U.S. equity investments at BlackRock. Whether they make liquor, sell toothpaste or sling hamburgers, some of the nation's best-known consumer companies have proven to be dividend champions. Indeed, more than a dozen of them are members of the illustrious Dividend Aristocrats - companies in the Standard & Poor's 500-stock index that have hiked their payouts every year for at least 25 consecutive years. And let's not forget: Steady dividend hikes have benefits beyond letting income investors sleep better at night. Not only do annual raises make a dividend stock more alluring to new investors, they also reward existing investors with increasingly higher yields on shares purchased at lower prices in the past. These 15 quality consumer stocks can be counted on to deliver dividend growth year after year, and they are backed by resilient businesses to boot. SEE ALSO: 53 Best Dividend Stocks for 2018 and Beyond
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.
Guaclandia will make millennials and avocado lovers' dreams come true, spreading real guac goodness and the brand's "keepin' it real" mentality throughout key cities in the U.S., including Chicago, this summer. "Guacamole is more than a food—it's a cultural phenomenon," said Diana Pusiri, senior brand manager of the WHOLLY GUACAMOLE® brand.
AUSTIN, Minn. , Aug. 2, 2018 /PRNewswire/ -- Just in time for back to school, the makers of SKIPPY ® peanut butter announced today the launch of SKIPPY ® P.B. Fruit Bites, a line of bite-sized real dried ...
Guaclandia will make millennials and avocado lovers' dreams come true, spreading real guac goodness and the brand's "keepin' it real" mentality throughout key cities in the U.S., including Seattle, this summer. "Guacamole is more than a food—it's a cultural phenomenon," said Diana Pusiri, senior brand manager of the WHOLLY GUACAMOLE® brand.
Company Launches New Premium Snacks to Meet Consumer Demand and Expand Millennial Snacking Options - Pork Raised Without Antibiotics Ever Salami is now available in snack pairings with premium, rBST-free* ...
AUSTIN, Minn. , July 30, 2018 /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 officer, ...
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 growth stocks in the market.
In a world of “big data” tech giants and innovative new energy technologies, Hormel Foods (NYSE:HRL) — the folks who bring American households Spam and Skippy peanut butter, among other well-known food products distributed around the country — may not seem like an exciting stock purchase. Hormel is actually one of the oldest American firms, going back to 1891.
NEW YORK, July 26, 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 Hormel ...
Employees and guests help those in need through the company's Project SPAMMY® program AUSTIN, Minn. , July 25, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today announced the company has ...
Guaclandia will make millennials and avocado lovers' dreams come true, spreading real guac goodness and the brand's "keepin' it real" mentality throughout key cities in the U.S., including Los Angeles, this summer. "Guacamole is more than a food—it's a cultural phenomenon," said Diana Pusiri, senior brand manager of the WHOLLY GUACAMOLE® brand. "Guaclandia is designed to celebrate guacamole's place in pop culture by providing guac fans with a fun and immersive avocado experience.