Analytical Overview: Hormel Foods Corp. (HRL)’s Ratios Tell a Financial Story

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As of close of business last night, Hormel Foods Corp.’s stock clocked out at $30.48, up 0.36% from its previous closing price of $30.37. In other words, the price has increased by $0.36 from its previous closing price. On the day, 1.89 million shares were traded. HRL stock price reached its highest trading level at $30.7221 during the session, while it also had its lowest trading level at $30.26.

Ratios:

To gain a deeper understanding of HRL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.36.

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 the company, JP Morgan on May 31, 2024, Upgraded its rating to Neutral and sets its target price to $29 from $28 previously.

On February 01, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $31.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 02 ’24 when Ourada Mark J sold 13,800 shares for $35.50 per share. The transaction valued at 489,900 led to the insider holds 28,050 shares of the business.

Murano Elsa A sold 4,300 shares of HRL for $151,068 on Apr 02 ’24. The Director now owns 94,583 shares after completing the transaction at $35.13 per share. On Mar 28 ’24, another insider, Coffey Mark A, who serves as the GROUP VICE PRESIDENT of the company, sold 15,400 shares for $35.00 each. As a result, the insider received 539,055 and left with 68,029 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 16712336384 and an Enterprise Value of 19023263744. As of this moment, Hormel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.80, and their Forward P/E ratio for the next fiscal year is 17.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 2.12. Its current Enterprise Value per Revenue stands at 1.579 whereas that against EBITDA is 14.611.

Stock Price History:

The Beta on a monthly basis for HRL is 0.24, which has changed by -0.24684954 over the last 52 weeks, in comparison to a change of 0.2586832 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 -10.12%, while the 200-Day Moving Average is calculated to be -8.60%.

Shares Statistics:

It appears that HRL traded 2.52M shares on average per day over the past three months and 2067950 shares per day over the past ten days. A total of 546.60M shares are outstanding, with a floating share count of 290.09M. Insiders hold about 47.09% of the company’s shares, while institutions hold 41.28% stake in the company. Shares short for HRL as of 1715731200 were 9500091 with a Short Ratio of 3.36, compared to 1713139200 on 10166919. Therefore, it implies a Short% of Shares Outstanding of 9500091 and a Short% of Float of 1.7399999999999998.

Dividends & Splits

With its trailing 12-month dividend rate of 1.115, HRL has a forward annual dividend rate of 1.11. Against a Trailing Annual Dividend Yield of 0.03671386The stock’s 5-year Average Dividend Yield is 2.3. The current Payout Ratio is 76.10% for HRL, which recently paid a dividend on 2024-04-12 with an ex-dividend date of 1721001600. Stock splits for the company last occurred on 2016-02-10 when the company split stock in a 2:1 ratio.

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