Hormel Foods Corporation (NYSE: HRL) is -14.62% lower on its value in year-to-date trading and has touched a low of $37.78 and a high of $51.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HRL stock was last observed hovering at around $39.10 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $38.89, the stock is -2.82% and -2.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing -0.54% at the moment leaves the stock -12.98% off its SMA200. HRL registered -19.76% loss for a year compared to 6-month loss of -21.13%. The firm has a 50-day simple moving average (SMA 50) of $2.00 and a 200-day simple moving average (SMA200) of $15.63.
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The stock witnessed a -2.82% gain in the last 1 month and extending the period to 3 months gives it a -14.07%, and is -1.17% 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 1.24% over the week and 1.33% over the month.
Hormel Foods Corporation (HRL) has around 20000 employees, a market worth around $21.22B and $12.39B in sales. Current P/E ratio is 21.87 and Fwd P/E is 20.83. Profit margin for the company is 7.90%. Distance from 52-week low is 2.95% and -24.76% from its 52-week high. The company has generated returns on investments over the last 12 months (9.60%).
Hormel Foods Corporation (HRL) Analyst Forecasts
Hormel Foods Corporation is expected to release its quarterly report on 08/24/2023.The EPS is expected to grow by 9.60% this year
Hormel Foods Corporation (HRL) Top Institutional Holders
The shares outstanding are 546.38M, and float is at 287.16M with Short Float at 3.83%.
Hormel Foods Corporation (HRL) Insider Activity
A total of 56 insider transactions have happened at Hormel Foods Corporation (HRL) in the last six months, with sales accounting for 21 and purchases happening 35 times. The most recent transaction is an insider sale by Murano Elsa A, the company’s Director. SEC filings show that Murano Elsa A sold 6,000 shares of the company’s common stock on Apr 03 at a price of $40.50 per share for a total of $0.24 million. Following the sale, the insider now owns 0.1 million shares.
Hormel Foods Corporation disclosed in a document filed with the SEC on Mar 27 that Prado Becerra Jose Luis (Director) sold a total of 5,200 shares of the company’s common stock. The trade occurred on Mar 27 and was made at $39.01 per share for $0.2 million. Following the transaction, the insider now directly holds 18410.0 shares of the HRL stock.
Still, SEC filings show that on Dec 14, Connor Patrick J (GROUP VICE PRESIDENT) disposed off 1,577 shares at an average price of $46.88 for $73930.0. The insider now directly holds 22,682 shares of Hormel Foods Corporation (HRL).
Hormel Foods Corporation (HRL): Who are the competitors?
The company’s main competitors (and peers) include PepsiCo Inc. (PEP) that is 11.65% higher over the past 12 months. Mondelez International Inc. (MDLZ) is 21.65% up on the 1-year trading charts.
