Hormel Foods Corp. (NYSE: HRL) closed the day trading at $33.97 down -0.64% from the previous closing price of $34.19. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 2238374 shares were traded.
Ratios:
For a better understanding of HRL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.19. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on February 01, 2024, initiated with a Neutral rating and assigned the stock a target price of $31.
JP Morgan Downgraded its Neutral to Underweight on March 03, 2023, whereas the target price for the stock was revised from $47 to $38.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 27 ’23 when NESTEGARD SUSAN K sold 8,105 shares for $31.78 per share. The transaction valued at 257,577 led to the insider holds 92,615 shares of the business.
Myers Kevin L sold 5,892 shares of HRL for $185,422 on Dec 21 ’23. The SENIOR VICE PRESIDENT now owns 38,531 shares after completing the transaction at $31.47 per share. On Dec 19 ’23, another insider, Brady Deanna T, who serves as the EXECUTIVE VICE PRESIDENT of the company, sold 5,024 shares for $31.48 each. As a result, the insider received 158,169 and left with 71,567 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HRL now has a Market Capitalization of 18.60B and an Enterprise Value of 20.93B. As of this moment, Hormel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.44, and their Forward P/E ratio for the next fiscal year is 20.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.53 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 1.72 whereas that against EBITDA is 15.54.
Stock Price History:
The Beta on a monthly basis for HRL is 0.27, which has changed by -12.74% over the last 52 weeks, in comparison to a change of 32.19% over the same period for the S&P500. Over the past 52 weeks, HRL has reached a high of $41.73, while it has fallen to a 52-week low of $28.51. The 50-Day Moving Average of the stock is 31.11, while the 200-Day Moving Average is calculated to be 35.49.
Shares Statistics:
Over the past 3-months, HRL traded about 3.24M shares per day on average, while over the past 10 days, HRL traded about 4.96M shares per day. A total of 546.60M shares are outstanding, with a floating share count of 288.93M. Insiders hold about 47.16% of the company’s shares, while institutions hold 41.97% stake in the company. Shares short for HRL as of Feb 15, 2024 were 11.37M with a Short Ratio of 3.51, compared to 12.24M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.08% and a Short% of Float of 2.08%.
Dividends & Splits
HRL’s forward annual dividend rate is 1.11, up from 1.11 a year ago. Against a Trailing Annual Dividend Yield of 3.24%, it implies a Forward Annual Dividend Yield of 3.33%. The stock’s 5-year Average Dividend Yield is 2.23. The current Payout Ratio is 76.10% for HRL, which recently paid a dividend on Feb 15, 2024 with an ex-dividend date of Jan 12, 2024. Stock splits for the company last occurred on Feb 10, 2016 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 9 analysts. On average, analysts expect EPS of $0.36 for the current quarter, with a high estimate of $0.37 and a low estimate of $0.32, while EPS last year was $0.4. The consensus estimate for the next quarter is $0.39, with high estimates of $0.41 and low estimates of $0.37.
Analysts are recommending an EPS of between $1.64 and $1.53 for the fiscal current year, implying an average EPS of $1.58. EPS for the following year is $1.68, with 10 analysts recommending between $1.7 and $1.65.
Revenue Estimates
A total of 9 analysts have provided revenue estimates for HRL’s current fiscal year. The highest revenue estimate was $12.39B, while the lowest revenue estimate was $12.18B, resulting in an average revenue estimate of $12.28B. In the same quarter a year ago, actual revenue was $12.11B, up 1.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $12.52B in the next fiscal year. The high estimate is $12.78B and the low estimate is $12.36B. The average revenue growth estimate for next year is up 1.90% from the average revenue estimate for this year.
