Hormel Foods Corp. (NYSE: HRL) is -1.68% lower on its value in year-to-date trading and has touched a low of $28.51 and a high of $39.25 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 $31.11 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $31.57, the stock is -1.43% and -1.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.65 million and changing 1.48% at the moment leaves the stock -2.53% off its SMA200. HRL registered -18.74% loss for a year compared to 6-month loss of -9.41%. The firm has a 50-day simple moving average (SMA 50) of $32.0164 and a 200-day simple moving average (SMA200) of $32.38875.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -1.99% gain in the last 1 month and extending the period to 3 months gives it a 4.47%, and is -1.74% 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 1.61% over the week and 2.06% over the month.
Hormel Foods Corp. (HRL) has around 20000 employees, a market worth around $17.31B and $11.98B in sales. Current P/E ratio is 22.18 and Fwd P/E is 18.69. Profit margin for the company is 6.52%. Distance from 52-week low is 10.73% and -19.57% from its 52-week high. The company has generated returns on investments over the last 12 months (7.28%).
The EPS is expected to shrink by -1.56% this year
897.0 institutions hold shares in Hormel Foods Corp. (HRL), with institutional investors hold 88.54% of the company’s shares. The shares outstanding are 546.60M, and float is at 290.55M with Short Float at 2.73%. Institutions hold 88.34% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 36.76 million shares valued at $1.12 billion. The investor’s holdings represent 6.709 of the HRL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 25.5 million shares valued at $777.45 million to account for 4.6541 of the shares outstanding. The other top investors are STATE STREET CORP which holds 24.45 million shares representing 4.4629 and valued at over $745.5 million, while GEODE CAPITAL MANAGEMENT, LLC holds 1.3219 of the shares totaling 7.24 million with a market value of $220.26 million.
Hormel Foods Corp. (HRL) Insider Activity
The most recent transaction is an insider sale by Myers Kevin L, the company’s SENIOR VICE PRESIDENT. SEC filings show that Myers Kevin L sold 10,000 shares of the company’s common stock on Sep 18 ’24 at a price of $32.70 per share for a total of $0.33 million. Following the sale, the insider now owns 39050.0 shares.
Still, SEC filings show that on Sep 13 ’24, Brady Deanna T (EXECUTIVE VICE PRESIDENT) disposed off 51,600 shares at an average price of $31.95 for $1.65 million. The insider now directly holds 72,421 shares of Hormel Foods Corp. (HRL).
