Are we looking at the next big move in Hormel Foods Corp. (HRL)?

Hormel Foods Corp. (NYSE: HRL) is -9.50% lower on its value in year-to-date trading and has touched a low of $29.34 and a high of $46.04 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 $29.47 in the last trading session, with the day’s loss setting it -0.41%.

Currently trading at $29.06, the stock is -5.17% and -7.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.79 million and changing -1.39% at the moment leaves the stock -19.98% off its SMA200. HRL registered -34.87% loss for a year compared to 6-month loss of -28.76%. The firm has a 50-day simple moving average (SMA 50) of $1.52 and a 200-day simple moving average (SMA200) of $13.76.

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The stock witnessed a -8.87% gain in the last 1 month and extending the period to 3 months gives it a -10.50%, and is -5.03% 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 1.96% over the week and 1.79% over the month.

Hormel Foods Corp. (HRL) has around Jan 12 2024 employees, a market worth around $15.89B and $12.11B in sales. Current P/E ratio is 20.11 and Fwd P/E is 17.65. Profit margin for the company is 6.55%. Distance from 52-week low is -0.95% and -36.88% from its 52-week high. The company has generated returns on investments over the last 12 months (7.78%).

Hormel Foods Corp. quarterly earnings per share for the current quarter are estimated at $0.34 with sales reaching $2.92B over the same period.The EPS is expected to shrink by -3.71% this year, but quarterly earnings will post 0.70% year-over-year.

Hormel Foods Corp. (HRL) Top Institutional Holders

896 institutions hold shares in Hormel Foods Corp. (HRL), with institutional investors hold 89.65% of the company’s shares. The shares outstanding are 546.60M, and float is at 288.92M with Short Float at 4.49%. Institutions hold 89.46% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 35.44 million shares valued at $1.43 billion. The investor’s holdings represent 6.48% of the HRL Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 27.87 million shares valued at $1.12 billion to account for 5.10% of the shares outstanding. The other top investors are Blackrock Inc. which holds 27.69 million shares representing 5.07% and valued at over $1.11 billion, while Capital International Investors holds 2.47% of the shares totaling 13.47 million with a market value of $541.84 million.

Hormel Foods Corp. (HRL) Insider Activity

A total of 14 insider transactions have happened at Hormel Foods Corp. (HRL) in the last six months, with sales accounting for 2 and purchases happening 12 times. The most recent transaction is an insider sale by NESTEGARD SUSAN K ,the company’sDirector. SEC filings show that NESTEGARD SUSAN K sold 8,105 shares of the company’s common stock on Dec 27 at a price of $31.78 per share for a total of $0.26 million. Following the sale, the insider now owns 92615.0 shares.

Hormel Foods Corp. disclosed in a document filed with the SEC on Dec 21 that Myers Kevin L (SENIOR VICE PRESIDENT) sold a total of 5,892 shares of the company’s common stock. The trade occurred on Dec 21 and was made at $31.47 per share for $0.19 million. Following the transaction, the insider now directly holds 38531.0 shares of the HRL stock.

Still, SEC filings show that on Dec 19, Brady Deanna T (EXECUTIVE VICE PRESIDENT) disposed off 5,024 shares at an average price of $31.48 for $0.16 million. The insider now directly holds 71,567 shares of Hormel Foods Corp. (HRL).

Hormel Foods Corp. (HRL): Who are the competitors?

The company’s main competitors (and peers) include Nestle S.A. (NESN) that is trading -13.20% down over the past 12 months. PepsiCo Inc. (PEP) that is -5.68% lower over the same period.