- Previous Close
30.92 - Open
30.97 - Bid 30.99 x 1800
- Ask 31.01 x 800
- Day's Range
30.82 - 31.08 - 52 Week Range
28.51 - 36.86 - Volume
144,314 - Avg. Volume
2,214,606 - Market Cap (intraday)
16.953B - Beta (5Y Monthly) 0.25
- PE Ratio (TTM)
21.62 - EPS (TTM)
1.43 - Earnings Date Nov 27, 2024 - Dec 2, 2024
- Forward Dividend & Yield 1.13 (3.65%)
- Ex-Dividend Date Oct 15, 2024
- 1y Target Est
32.18
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
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Performance Overview: HRL
Trailing total returns as of 11/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
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5-Year Return
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Statistics: HRL
View MoreValuation Measures
Market Cap
16.96B
Enterprise Value
19.25B
Trailing P/E
21.62
Forward P/E
18.18
PEG Ratio (5yr expected)
2.60
Price/Sales (ttm)
1.42
Price/Book (mrq)
2.16
Enterprise Value/Revenue
1.61
Enterprise Value/EBITDA
14.39
Financial Highlights
Profitability and Income Statement
Profit Margin
6.52%
Return on Assets (ttm)
5.16%
Return on Equity (ttm)
10.01%
Revenue (ttm)
11.98B
Net Income Avi to Common (ttm)
780.78M
Diluted EPS (ttm)
1.43
Balance Sheet and Cash Flow
Total Cash (mrq)
561.93M
Total Debt/Equity (mrq)
36.31%
Levered Free Cash Flow (ttm)
702.24M
Research Analysis: HRL
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Research Reports: HRL
View MoreBrands Provide Some Buffer Although Hormel Remains Vulnerable to Commodity Price Volatility
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 US retail (64% of fiscal 2023 sales), US 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 TargetLooking for a more favorable entry point
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 TargetAt midday, the major indices are still flat ahead of the big rate call coming
At midday, the major indices are still flat ahead of the big rate call coming today at 2 pm. Backseat quarterbacks have been placing odds on a 25-basis-point cut or a 50-basis-point cut. It feels like Super Bowl Sunday. We are sticking with our forecast of 25. We believe that a larger cut might imply unclear signals on the state of the economy. Our rate watcher Kevin Heal observes, 'The Fed was measured on its way up, raising rates. We expect it to be just as measured on the way down, lowering rates.'
Hormel Earnings: Shares Once Again Fall to Our Fair Value Estimate Amid Top-Line Headwinds
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 US retail (64% of fiscal 2023 sales), US 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 Target