Hormel Foods Stock Today
| HRL Stock | USD 34.38 0.34 1.00% |
Performance8 of 100
| Odds Of DistressLess than 5
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Hormel Foods is selling for 34.38 as of the 19th of April 2024. This is a 1.00 percent increase since the beginning of the trading day. The stock's lowest day price was 34.03. Hormel Foods has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat ok performance during the last 90 days. Equity ratings for Hormel Foods are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Food, Beverage & Tobacco | IPO Date 2nd of January 1990 | Category Consumer Defensive | Classification Consumer Staples |
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. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota. The company has 547.69 M outstanding shares of which 10.14 M shares are currently shorted by investors with about 2.82 days to cover. More on Hormel Foods
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Follow Valuation Options Odds of Bankruptcy
Financial Report 6th of June 2024
Hormel Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hormel Foods' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hormel Foods or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Hormel Foods' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Hormel Foods' managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| Chairman, CEO and Pres | Jeffrey Ettinger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Hansa Resources Ltd, Hornigold REIT SA, HRL Holdings Ltd] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Packaged Foods & Meats, Food, Beverage & Tobacco, Consumer Defensive, NYSE Composite, SP 500 Index, Food Products, Corona Opportunity, Consumer Staples, Food Products, Packaged Foods, Consumer Defensive (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Hormel Foods report their recommendations after researching Hormel Foods' financial statements, talking to executives and customers, or listening in on Hormel Foods' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Hormel Foods. The Hormel consensus assessment is calculated by taking the average forecast from all of the analysts covering Hormel Foods. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Hormel Foods' liquidity, profitability, solvency, and operating efficiency, Hormel Foods may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Hormel Foods is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Hormel Foods' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Hormel Foods' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Hormel Foods' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Hormel Foods' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hormel Foods' financial leverage. It provides some insight into what part of Hormel Foods' total assets is financed by creditors.
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Hormel Foods (HRL) is traded on New York Stock Exchange in USA. It is located in 1 Hormel Place, Austin, MN, United States, 55912-3680 and employs 20,000 people. Hormel Foods is listed under Packaged Foods & Meats category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 18.83 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hormel Foods's market, we take the total number of its shares issued and multiply it by Hormel Foods's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Hormel Foods runs under Food Products sector within Consumer Staples industry. The entity has 547.69 M outstanding shares of which 10.14 M shares are currently shorted by investors with about 2.82 days to cover.
Hormel Foods has about 982.11 M in cash with 1.05 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.59.
Check Hormel Foods Probability Of Bankruptcy
Ownership AllocationHormel Foods has a total of 547.69 Million outstanding shares. The majority of Hormel Foods outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Hormel Foods to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Hormel Foods. Please pay attention to any change in the institutional holdings of Hormel Foods as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Hormel Ownership Details
Hormel Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Hormel Foods jumping above the current price in 90 days from now is about 17.08%. The Hormel Foods probability density function shows the probability of Hormel Foods stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Hormel Foods has a beta of -0.281. This usually indicates as returns on the benchmark increase, returns on holding Hormel Foods are expected to decrease at a much lower rate. During a bear market, however, Hormel Foods is likely to outperform the market. Additionally, hormel Foods has an alpha of 0.1885, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Hormel Foods to move above the current price in 90 days from now is about 17.08 (This Hormel Foods probability density function shows the probability of Hormel Stock to fall within a particular range of prices over 90 days) .
Hormel Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Hormel Foods that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Hormel Foods' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Hormel Foods' value.| Instituion | Recorded On | Shares | |
| Renaissance Technologies Corp | 2023-12-31 | 3.5 M | |
| Northern Trust Corp | 2023-12-31 | 2.9 M | |
| Stifel Financial Corp | 2023-12-31 | 2.7 M | |
| First Trust Advisors L.p. | 2023-12-31 | 2.6 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 2.5 M | |
| Gates Bill & Melinda Foundation | 2023-09-30 | 2.2 M | |
| Legal & General Group Plc | 2023-12-31 | 2.1 M | |
| Norges Bank | 2023-12-31 | 1.9 M | |
| Capital Research & Mgmt Co - Division 3 | 2023-12-31 | 1.9 M | |
| Vanguard Group Inc | 2023-12-31 | 34.8 M | |
| Blackrock Inc | 2023-12-31 | 27.7 M |
Hormel Foods Historical Income Statement
Hormel Foods Income Statement is one of the three primary financial statements used for reporting Hormel's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Hormel Foods revenue and expense. Hormel Foods Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Hormel Foods' EBITDA is quite stable compared to the past year. Cost Of Revenue is expected to rise to about 12.2 B this year, although the value of Gross Profit will most likely fall to about 1.3 B. View More FundamentalsHormel Stock Against Markets
Picking the right benchmark for Hormel Foods stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hormel Foods stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hormel Foods is critical whether you are bullish or bearish towards Hormel Foods at a given time. Please also check how Hormel Foods' historical prices are related to one of the top price index indicators.
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Hormel Foods Corporate Directors
Hormel Foods corporate directors refer to members of a Hormel Foods board of directors. The board of directors generally takes responsibility for the Hormel Foods' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Hormel Foods' board members must vote for the resolution. The Hormel Foods board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Gary Bhojwani | Independent Director | Profile | |
| Bill Newlands | Director | Profile | |
| Dakota Pippins | Independent Director | Profile | |
| Susan Nestegard | Independent Director | Profile |
How to buy Hormel Stock?
Before investing in Hormel Foods, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Hormel Foods. To buy Hormel Foods stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hormel Foods. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Hormel Foods stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Hormel Foods stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Hormel Foods stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Hormel Foods, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Hormel Stock please use our How to Invest in Hormel Foods guide.
Already Invested in Hormel Foods?
The danger of trading Hormel Foods is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hormel Foods is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hormel Foods. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hormel Foods is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hormel Foods is a strong investment it is important to analyze Hormel Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hormel Foods' future performance. For an informed investment choice regarding Hormel Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hormel Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Hormel Stock analysis
When running Hormel Foods' price analysis, check to measure Hormel Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hormel Foods is operating at the current time. Most of Hormel Foods' value examination focuses on studying past and present price action to predict the probability of Hormel Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hormel Foods' price. Additionally, you may evaluate how the addition of Hormel Foods to your portfolios can decrease your overall portfolio volatility.
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Is Hormel Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hormel Foods. If investors know Hormel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hormel Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.004 | Dividend Share 1.108 | Earnings Share 1.45 | Revenue Per Share 22.203 | Quarterly Revenue Growth 0.009 |
The market value of Hormel Foods is measured differently than its book value, which is the value of Hormel that is recorded on the company's balance sheet. Investors also form their own opinion of Hormel Foods' value that differs from its market value or its book value, called intrinsic value, which is Hormel Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hormel Foods' market value can be influenced by many factors that don't directly affect Hormel Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hormel Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hormel Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hormel Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.