|Bid||39.68 x 1100|
|Ask||42.25 x 3200|
|Day's Range||41.12 - 41.85|
|52 Week Range||29.75 - 42.29|
|Beta (3Y Monthly)||0.00|
|PE Ratio (TTM)||23.44|
|Earnings Date||Nov 19, 2018 - Nov 23, 2018|
|Forward Dividend & Yield||0.75 (1.82%)|
|1y Target Est||37.08|
Nine products selected as Editors' Picks by Progressive Grocer AUSTIN, Minn. , Oct. 18, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) today announced that nine of its products were recently ...
Dividend growth stocks are a time-honored tool for building wealth. Implementing a dividend growth strategy begins with identifying well-managed companies that have solid balance sheets and steadily rising earnings. After all, what company would hike dividends if they anticipated future earnings would decline? A major advantage of dividend growth investing is the likelihood of capturing some total return even if the share price stagnates. For instance, depending on the length of time held, dividends account for anywhere between 27% and 60% of the total return of the Standard & Poor's 500-stock index. Dividend growth investing also lets you leverage the exponential growth that comes from compounding of reinvested dividends, and it's a hedge against inflation, as rising payouts counter the effect of the dollar's shrinking purchasing power. Better still, dividend growth stocks also have been shown to outperform non-dividend payers and the overall market. While any dividend growth is better than no growth, the best scenario is a stock whose payout is actually accelerating; your yield on cost will rapidly rise, eventually overtaking and exceeding the yields of stocks with high but stagnant payouts. Here's a look at 13 "Dividend Accelerators": a group of well-known dividend stocks that have recently ramped up their payout growth. SEE ALSO: 16 High-Yielding Monthly Dividend Payers
On Oct. 15, the company, which distributes flow meters, injectors, and other fluid-handling pump modules, is going to pay its quarterly dividend. It has a market cap of $10.29 billion and an enterprise value of $10.69 billion. It has a trailing dividend yield of 1.21% and a forward dividend yield of 1.23%, with a payout ratio of 31%.
AUSTIN, Minn., Oct. 10, 2018 /PRNewswire/ -- Hormel Foods Corporation (HRL) today announced it has been recognized by Forbes on its World's Best Employers 2018 list. "We are proud to be recognized, once again, as one of the best employers in the world," said Jim Snee, president and chief executive officer at Hormel Foods. The Forbes World's Best Employers list is based on Forbes' 2018 Global 2000 rankings, which included publicly traded companies from 60 countries that together accounted for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value.
Hormel Foods Corporation (NYSE:HRL), a large-cap worth US$20.96b, comes to mind for investors seeking a strong and reliable stock investment. Most investors favour these big stocks due to their strong Read More...
AUSTIN, Minn., Sept. 27, 2018 /PRNewswire/ -- Hormel Foods Corporation (HRL), a global branded food company announced today that it will be investing approximately $150 million in an expansion of the company's Burke manufacturing facility in Nevada, Iowa. Burke is one of the leading providers of pizza toppings and other fully cooked meat products in the foodservice and prepared food industries. Adding to the current 225,000 square feet of production, warehouse, and offices, the expansion would also add approximately 210 new jobs in addition to the current 350 team members.
AUSTIN, Minn., Sept. 26, 2018 /PRNewswire/ -- Hormel Foods Corporation (HRL), a leading global branded food company, has launched a new podcast series called Our Food Journey™. The podcast series is part of the company's larger Our Food Journey™ social responsibility efforts inspired by the food the company makes and the difference it makes in the world.
AUSTIN, Minn. , Sept. 24, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that its quarterly dividend on the common stock, authorized by the Board ...
In the last three quarters, Hormel Foods (HRL) has met consensus expectations twice and missed the consensus estimate in the remaining quarter. However, on a year-over-year basis, adjusted EPS for the first quarter was unchanged, whereas for the second and third quarters of 2018, adjusted EPS was up 12.8% and 14.7%, respectively. Management continues to expect freight costs to dent profitability in fiscal 2018 as well as in 2019. Hormel foods also sold the Fremont processing facility to WholeStone Farms for $30 million in cash.
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.