Hormel Foods Corp (NYSE: HRL) is 0.26% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HRL stock was last observed hovering at around $30.88 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $31.45, the stock is 2.38% and 0.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.73 million and changing 1.85% at the moment leaves the stock -1.72% off its SMA200. HRL registered 3.45% gain for a year compared to 6-month loss of -1.22%. The firm has a 50-day simple moving average (SMA 50) of $31.2308 and a 200-day simple moving average (SMA200) of $32.0187.
The stock witnessed a -0.32% gain in the last 1 month and extending the period to 3 months gives it a 0.83%, and is 5.08% 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 2.27% over the week and 2.03% over the month.
Hormel Foods Corp (HRL) has around 20000 employees, a market worth around $17.27B and $11.92B in sales. Current P/E ratio is 21.44 and Fwd P/E is 17.31. Profit margin for the company is 6.75%. Distance from 52-week low is 10.31% and -14.68% from its 52-week high. The company has generated returns on investments over the last 12 months (7.34%).
with sales reaching $2.96B over the same period.The EPS is expected to grow by 4.82% this year, but quarterly earnings will post 1.23% year-over-year. Quarterly sales are estimated to shrink -1.38% in year-over-year returns.
Hormel Foods Corp (HRL) Top Institutional Holders
903.0 institutions hold shares in Hormel Foods Corp (HRL), with institutional investors hold 88.22% of the company’s shares. The shares outstanding are 548.61M, and float is at 291.04M with Short Float at 4.05%. Institutions hold 88.02% 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 purchase by LYKKEN STEVEN J, the company’s GROUP VICE PRESIDENT. SEC filings show that LYKKEN STEVEN J bought 4,904 shares of the company’s common stock on Dec 06 ’24 at a price of $32.47 per share for a total of $0.16 million. Following the purchase, the insider now owns 7100.0 shares.
Hormel Foods Corp disclosed in a document filed with the SEC on Sep 27 ’24 that LYKKEN STEVEN J (GROUP VICE PRESIDENT) sold a total of 9,800 shares of the company’s common stock. The trade occurred on Sep 27 ’24 and was made at $31.91 per share for $0.31 million. Following the transaction, the insider now directly holds 30589.0 shares of the HRL stock.
Still, SEC filings show that on Sep 27 ’24, LYKKEN STEVEN J (Officer) Proposed Sale 9,800 shares at an average price of $31.91 for $0.31 million. The insider now directly holds shares of Hormel Foods Corp (HRL).
