Hormel Foods Corp (NYSE: HRL) is -5.83% lower on its value in year-to-date trading and has touched a low of $27.59 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 $29.49 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $29.54, the stock is 1.39% and -0.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.7 million and changing 0.17% at the moment leaves the stock -4.76% off its SMA200. HRL registered -13.52% loss for a year compared to 6-month loss of -5.74%. The firm has a 50-day simple moving average (SMA 50) of $29.7 and a 200-day simple moving average (SMA200) of $31.0165.
The stock witnessed a 3.54% gain in the last 1 month and extending the period to 3 months gives it a -11.95%, and is -1.34% 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 2.05% over the week and 2.37% over the month.
Hormel Foods Corp (HRL) has around 20000 employees, a market worth around $16.24B and $11.91B in sales. Current P/E ratio is 21.44 and Fwd P/E is 16.40. Profit margin for the company is 6.35%. Distance from 52-week low is 7.07% and -19.86% from its 52-week high. The company has generated returns on investments over the last 12 months (6.96%).
with sales reaching $2.92B over the same period.The EPS is expected to grow by 2.01% this year, but quarterly earnings will post 1.64% year-over-year. Quarterly sales are estimated to grow 1.08% in year-over-year returns.
Hormel Foods Corp (HRL) Top Institutional Holders
929.0 institutions hold shares in Hormel Foods Corp (HRL), with institutional investors hold 89.61% of the company’s shares. The shares outstanding are 549.79M, and float is at 291.24M with Short Float at 4.15%. Institutions hold 89.40% 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).
