Hormel Foods Corp. (NYSE: HRL) is -1.28% lower on its value in year-to-date trading and has touched a low of $28.51 and a high of $38.56 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 $31.72 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $31.70, the stock is -0.83% and -0.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing -0.06% at the moment leaves the stock -2.13% off its SMA200. HRL registered -16.64% loss for a year compared to 6-month loss of -9.38%. The firm has a 50-day simple moving average (SMA 50) of $32.0044 and a 200-day simple moving average (SMA200) of $32.389.
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The stock witnessed a -1.52% gain in the last 1 month and extending the period to 3 months gives it a 4.17%, and is 0.70% up 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 1.50% over the week and 2.03% over the month.
Hormel Foods Corp. (HRL) has around 20000 employees, a market worth around $17.38B and $11.98B in sales. Current P/E ratio is 22.27 and Fwd P/E is 18.77. Profit margin for the company is 6.52%. Distance from 52-week low is 11.19% and -17.79% 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.
Hormel Foods Corp. (HRL) Top Institutional Holders
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 290.54M 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 LYKKEN STEVEN J, the company’s GROUP VICE PRESIDENT. SEC filings show that LYKKEN STEVEN J sold 9,800 shares of the company’s common stock on Sep 27 ’24 at a price of $31.91 per share for a total of $0.31 million. Following the sale, the insider now owns 30589.0 shares.
Still, SEC filings show that on Sep 18 ’24, Myers Kevin L (SENIOR VICE PRESIDENT) disposed off 10,000 shares at an average price of $32.70 for $0.33 million. The insider now directly holds 39,050 shares of Hormel Foods Corp. (HRL).
