Hormel Foods Corporation (NYSE: HRL) is 0.49% 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 question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HRL stock was last observed hovering at around $46.34 in the last trading session, with the day’s gains setting it 0.5% off its average median price target of $45.00 for the next 12 months. It is also 2.42% off the consensus price target high of $48.00 offered by 12 analysts, but current levels are -14.24% lower than the price target low of $41.00 for the same period.
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Currently trading at $46.84, the stock is -2.13% and -0.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.16 million and changing 1.08% at the moment leaves the stock -3.81% off its SMA200. HRL registered 8.45% gain for a year compared to 6-month loss of -7.47%. The firm has a 50-day simple moving average (SMA 50) of $47.12 and a 200-day simple moving average (SMA200) of $48.61.
The stock witnessed a -0.04% gain in the last 1 month and extending the period to 3 months gives it a -0.76%, and is -1.06% 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 1.77% over the week and 2.59% over the month.
Hormel Foods Corporation (HRL) has around 19100 employees, a market worth around $25.73B and $9.69B in sales. Current P/E ratio is 28.88 and Fwd P/E is 25.03. Profit margin for the company is 9.60%. Distance from 52-week low is 20.07% and -11.57% 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”. 12 analysts offering their recommendations for the stock have an average rating of 3.20, where 9 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 05/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.41 with sales reaching $2.41B over the same period.The EPS is expected to shrink by -7.50% this year, but quarterly earnings will post 5.30% year-over-year. Quarterly sales are estimated to grow 0.80% 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 281.87M with Short Float at 5.64%. Institutions hold 44.92% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 32.91 million shares valued at $1.53 billion. The investor’s holdings represent 6.10% of the HRL Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 29.09 million shares valued at $1.36 billion to account for 5.39% of the shares outstanding. The other top investors are State Street Corporation which holds 26.04 million shares representing 4.82% and valued at over $1.21 billion, while Capital International Investors holds 1.87% of the shares totaling 10.11 million with a market value of $471.3 million.
Hormel Foods Corporation (HRL) Insider Activity
A total of 58 insider transactions have happened at Hormel Foods Corporation (HRL) in the last six months, with sales accounting for 10 and purchases happening 48 times. The most recent transaction is an insider sale by SHEEHAN JAMES N, the company’s Executive V.P. & CFO. SEC filings show that SHEEHAN JAMES N sold 32,400 shares of the company’s common stock on Feb 26 at a price of $46.94 per share for a total of $1.52 million. Following the sale, the insider now owns 16330.0 shares.
Hormel Foods Corporation disclosed in a document filed with the SEC on Feb 25 that Leitch Glenn R (Executive Vice President) sold a total of 140,000 shares of the company’s common stock. The trade occurred on Feb 25 and was made at $47.22 per share for $6.61 million. Following the transaction, the insider now directly holds 0.11 million shares of the HRL stock.
Still, SEC filings show that on Dec 02, LYKKEN STEVEN J (Senior Vice President) acquired 6,873 shares at an average price of $46.97 for $0.32 million. The insider now directly holds 4,909 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 21.49% up over the past 12 months. Tyson Foods Inc. (TSN) is -2.64% down on the 1-year trading charts. Short interest in the company’s stock has fallen -46.51% from the last report on Jan 14, 2021 to stand at a total of 23.31 million short shares sold with a short interest ratio of 4.15.