Hormel Foods Corp (NYSE: HRL) is -5.89% lower on its value in year-to-date trading and has touched a low of $28.51 and a high of $36.86 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 $29.73 in the last trading session, with the day’s gains setting it 0.49%.
Currently trading at $30.22, the stock is -0.78% and -2.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.59 million and changing 1.65% at the moment leaves the stock -6.40% off its SMA200. HRL registered -6.12% loss for a year compared to 6-month loss of -14.80%. The firm has a 50-day simple moving average (SMA 50) of $31.0954 and a 200-day simple moving average (SMA200) of $32.28795.
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The stock witnessed a -2.80% gain in the last 1 month and extending the period to 3 months gives it a -5.41%, and is -0.56% 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 2.65% over the week and 1.84% over the month.
Hormel Foods Corp (HRL) has around 20000 employees, a market worth around $16.57B and $11.98B in sales. Current P/E ratio is 21.23 and Fwd P/E is 17.92. Profit margin for the company is 6.52%. Distance from 52-week low is 6.00% and -18.01% 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 -1.71% this year
903.0 institutions hold shares in Hormel Foods Corp (HRL), with institutional investors hold 88.17% of the company’s shares. The shares outstanding are 546.60M, and float is at 290.54M with Short Float at 2.45%. Institutions hold 87.97% 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).
