Hormel Foods Corporation (NYSE: HRL) is 3.33% higher on its value in year-to-date trading and has touched a low of $39.01 and a high of $52.97 in the current 52-week trading range. The HRL stock was last observed hovering at around $46.44 in the last trading session, with the day’s gains setting it 0.17% off its average median price target of $47.00 for the next 12 months. It is also 2.9% off the consensus price target high of $48.00 offered by 13 analysts, but current levels are -5.93% lower than the price target low of $44.00 for the same period.
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Currently trading at $46.61, the stock is -1.26% and -4.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.16 million and changing 0.37% at the moment leaves the stock -4.39% off its SMA200. HRL registered 5.19% gain for a year compared to 6-month loss of -3.06%. The firm has a 50-day simple moving average (SMA 50) of $47.84 and a 200-day simple moving average (SMA200) of $49.39.
The stock witnessed a -1.94% gain in the last 1 month and extending the period to 3 months gives it a -5.42%, and is -1.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.32% over the week and 1.51% over the month.
Hormel Foods Corporation (HRL) has around 19100 employees, a market worth around $25.07B and $9.61B in sales. Current P/E ratio is 28.06 and Fwd P/E is 24.87. Profit margin for the company is 9.50%. Distance from 52-week low is 19.48% and -12.01% from its 52-week high. The company has generated returns on investments over the last 12 months (11.60%).
Hormel Foods Corporation (HRL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Hormel Foods Corporation (HRL) is a “Hold”. 13 analysts offering their recommendations for the stock have an average rating of 3.20, where 10 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Hormel Foods Corporation is expected to release its quarterly report on 02/25/2021 and quarterly earnings per share for the current quarter are estimated at $0.41 with sales reaching $2.39B over the same period.The EPS is expected to shrink by -7.50% this year, but quarterly earnings will post 3.10% year-over-year. Quarterly sales are estimated to grow 0.10% in year-over-year returns.
Hormel Foods Corporation (HRL) Top Institutional Holders
959 institutions hold shares in Hormel Foods Corporation (HRL), with 257.98M shares held by insiders accounting for 47.78% while institutional investors hold 86.02% of the company’s shares. The shares outstanding are 539.73M, and float is at 281.94M with Short Float at 8.09%. Institutions hold 44.92% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 33.21 million shares valued at $1.62 billion. The investor’s holdings represent 6.15% of the HRL Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 30.6 million shares valued at $1.5 billion to account for 5.67% of the shares outstanding. The other top investors are State Street Corporation which holds 26.31 million shares representing 4.87% and valued at over $1.29 billion, while Capital International Investors holds 2.27% of the shares totaling 12.25 million with a market value of $599.09 million.
Hormel Foods Corporation (HRL) Insider Activity
The most recent transaction is an insider purchase by LYKKEN STEVEN J, the company’s Senior Vice President. SEC filings show that LYKKEN STEVEN J bought 6,873 shares of the company’s common stock on Dec 02 at a price of $46.97 per share for a total of $0.32 million. Following the purchase, the insider now owns 4909.0 shares.
Hormel Foods Corporation disclosed in a document filed with the SEC on Nov 09 that Neufeldt Swen (Group Vice President) bought a total of 193 shares of the company’s common stock. The trade occurred on Nov 09 and was made at $49.49 per share for $9568.0. Following the transaction, the insider now directly holds 910.0 shares of the HRL stock.
Still, SEC filings show that on Oct 05, Neufeldt Swen (Group Vice President) disposed off 5,271 shares at an average price of $49.30 for $0.26 million. The insider now directly holds 17,660 shares of Hormel Foods Corporation (HRL).
Hormel Foods Corporation (HRL): Who are the competitors?
The company’s main competitors (and peers) include Conagra Brands Inc. (CAG) that is trading 7.82% up over the past 12 months. Tyson Foods Inc. (TSN) is -28.38% down on the 1-year trading charts. Short interest in the company’s stock has fallen -8.6% from the last report on Nov 12, 2020 to stand at a total of 24.76 million short shares sold with a short interest ratio of 10.86.