Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Hormel Foods Corp (NYSE: HRL) closed the day trading at $29.68 down -0.30% from the previous closing price of $29.77. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 3.13 million shares were traded. HRL stock price reached its highest trading level at $29.885 during the session, while it also had its lowest trading level at $29.45.
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 18.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.33. For the most recent quarter (mrq), Quick Ratio is recorded 1.31 and its Current Ratio is at 2.45. In the meantime, Its Debt-to-Equity ratio is 0.36 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 this company, Exane BNP Paribas on October 21, 2024, initiated with a Underperform rating and assigned the stock a target price of $28.
Citigroup Upgraded its Neutral to Buy on August 13, 2024, whereas the target price for the stock was revised from $33 to $37.
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 06 ’24 when LYKKEN STEVEN J bought 4,904 shares for $32.47 per share. The transaction valued at 159,246 led to the insider holds 7,100 shares of the business.
LYKKEN STEVEN J sold 9,800 shares of HRL for $312,689 on Sep 27 ’24. The GROUP VICE PRESIDENT now owns 30,589 shares after completing the transaction at $31.91 per share. On Sep 27 ’24, another insider, LYKKEN STEVEN J, who serves as the Officer of the company, bought 9,800 shares for $31.91 each.
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 16321418240 and an Enterprise Value of 18322483200. As of this moment, Hormel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.54, and their Forward P/E ratio for the next fiscal year is 16.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.37 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 1.538 whereas that against EBITDA is 13.908.
Stock Price History:
The Beta on a monthly basis for HRL is 0.34, which has changed by -0.13670737 over the last 52 weeks, in comparison to a change of 0.08190584 over the same period for the S&P500. Over the past 52 weeks, HRL has reached a high of $36.86, while it has fallen to a 52-week low of $27.59. The 50-Day Moving Average of the stock is 0.31%, while the 200-Day Moving Average is calculated to be -4.14%.
Shares Statistics:
Over the past 3-months, HRL traded about 2.86M shares per day on average, while over the past 10 days, HRL traded about 2900830 shares per day. A total of 549.79M shares are outstanding, with a floating share count of 291.24M. Insiders hold about 47.04% of the company’s shares, while institutions hold 42.49% stake in the company. Shares short for HRL as of 1740700800 were 12093218 with a Short Ratio of 4.23, compared to 1738281600 on 12450485. Therefore, it implies a Short% of Shares Outstanding of 12093218 and a Short% of Float of 4.1300002000000005.
Dividends & Splits
HRL’s forward annual dividend rate is 1.14, up from 1.138 a year ago. Against a Trailing Annual Dividend Yield of 0.038226403The stock’s 5-year Average Dividend Yield is 2.55. The current Payout Ratio is 77.04% for HRL, which recently paid a dividend on 2025-01-13 with an ex-dividend date of 1736726400. Stock splits for the company last occurred on 2016-02-10 when the company split stock in a 2:1 ratio.
