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Why should you keep an eye on Hormel Foods Corp. (HRL)?

Hormel Foods Corp. (NYSE: HRL) is -4.76% lower on its value in year-to-date trading and has touched a low of $28.51 and a high of $41.73 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 $30.64 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $30.58, the stock is -9.77% and -11.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing -0.20% at the moment leaves the stock -9.13% off its SMA200. HRL registered -24.74% loss for a year compared to 6-month gain of -3.99%.

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The stock witnessed a -13.59% loss in the last 1 month and extending the period to 3 months gives it a -10.56%, and is -1.07% 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 1.54% over the week and 2.12% over the month.

Hormel Foods Corp. (HRL) has around 20000 employees, a market worth around $16.77B and $12.05B in sales. Current P/E ratio is 21.87 and Fwd P/E is 18.07. Profit margin for the company is 6.37%. Distance from 52-week low is 7.26% and -26.72% from its 52-week high. The company has generated returns on investments over the last 12 months (7.14%).

The EPS is expected to shrink by -0.89% this year.

Hormel Foods Corp. (HRL) Top Institutional Holders

The shares outstanding are 546.60M, and float is at 290.11M with Short Float at 3.27%.

Hormel Foods Corp. (HRL) Insider Activity

The most recent transaction is an insider sale by Ourada Mark J,the company’sGROUP VICE PRESIDENT. SEC filings show that Ourada Mark J sold 13,800 shares of the company’s common stock on Apr 02 ’24 at a price of $35.50 per share for a total of $0.49 million. Following the sale, the insider now owns 28050.0 shares.

Hormel Foods Corp. disclosed in a document filed with the SEC on Apr 02 ’24 that Murano Elsa A (Director) sold a total of 4,300 shares of the company’s common stock. The trade occurred on Apr 02 ’24 and was made at $35.13 per share for $0.15 million. Following the transaction, the insider now directly holds 94583.0 shares of the HRL stock.

Still, SEC filings show that on Mar 28 ’24, Coffey Mark A (GROUP VICE PRESIDENT) disposed off 15,400 shares at an average price of $35.00 for $0.54 million. The insider now directly holds 68,029 shares of Hormel Foods Corp. (HRL).

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