Hormel Foods Corporation (HRL)
- Previous Close
34.74 - Open
34.90 - Bid --
- Ask --
- Day's Range
34.54 - 35.30 - 52 Week Range
28.51 - 41.73 - Volume
2,020,003 - Avg. Volume
3,240,720 - Market Cap (intraday)
19.246B - Beta (5Y Monthly) 0.28
- PE Ratio (TTM)
24.23 - EPS (TTM)
1.45 - Earnings Date May 30, 2024 - Jun 3, 2024
- Forward Dividend & Yield 1.13 (3.22%)
- Ex-Dividend Date Apr 12, 2024
- 1y Target Est
32.29
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company 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, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST N EASY, FIRE BRAISED, FONTANINI, HAPPY LITTLE PLANTS, HERDEZ, HORMEL GATHERINGS, HORMEL SQUARE TABLE, HORMEL VITAL CUISINE, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SPECIAL RECIPE, THICK & EASY, VALLEY FRESH, AND WHOLLY brands through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
www.hormelfoods.com20,000
Full Time Employees
October 29
Fiscal Year Ends
Sector
Industry
Recent News: HRL
Performance Overview: HRL
Trailing total returns as of 4/22/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
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Statistics: HRL
Valuation Measures
Market Cap
19.25B
Enterprise Value
21.58B
Trailing P/E
24.23
Forward P/E
21.98
PEG Ratio (5yr expected)
3.07
Price/Sales (ttm)
1.59
Price/Book (mrq)
2.45
Enterprise Value/Revenue
1.78
Enterprise Value/EBITDA
16.02
Financial Highlights
Profitability and Income Statement
Profit Margin
6.55%
Return on Assets (ttm)
4.91%
Return on Equity (ttm)
10.27%
Revenue (ttm)
12.14B
Net Income Avi to Common (ttm)
794.72M
Diluted EPS (ttm)
1.45
Balance Sheet and Cash Flow
Total Cash (mrq)
981.92M
Total Debt/Equity (mrq)
42.19%
Levered Free Cash Flow (ttm)
745.32M
Research Analysis: HRL
Company Insights: HRL
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Research Reports: HRL
Analyst Report: Hormel Foods Corp.
Hormel Foods Corp., based in Austin, Minnesota, produces and markets meat and food products to retail, foodservice, deli, and commercial customers in the U.S. and internationally. The company is 48%-owned by the Hormel Foundation. The Foundation's priorities are to preserve the independence of the company; support the Austin, Minnesota, community; and provide for the financial welfare of the family's heirs. The company has approximately 20,000 employees. The shares are a component of the S&P 500.
RatingPrice TargetMarket Digest: D, HRL
The trading week that ended March 22 featured (yet again) all-time highs, with the weekly winning streak for the S&P 500 (SPX) continuing. The SPX has moved higher in 17 out of 21 weeks, with a 27% gain during that period. The Nasdaq 100 (QQQ) and the Nasdaq are also 17 out of 21, soaring 30%. The S&P 400 prints the same story, with a 29% pop. Index price volatility is almost undetectable, although there has been some decent volatility, both up and down, among individual stocks. We saw one day of strong breadth on Wednesday of that week and one weak day on Friday.
Analyst Report: Hormel Foods Corporation
Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 70% of fiscal 2023 sales were from perishable food and 30% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.
RatingPrice TargetAnalyst Report: Hormel Foods Corporation
Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 53% of fiscal 2022 sales were from perishable food, 27% from shelf-stable, 17% from poultry, and 3% from other products. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.
RatingPrice Target