Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
In the latest session, Hormel Foods Corp (NYSE: HRL) closed at $31.68 up 0.22% from its previous closing price of $31.61. In other words, the price has increased by $0.22 from its previous closing price. On the day, 1.19 million shares were traded. HRL stock price reached its highest trading level at $31.77 during the session, while it also had its lowest trading level at $31.46.
Ratios:
For a deeper understanding of Hormel Foods Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 2.32. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.37.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 17392732160 and an Enterprise Value of 19756959744. As of this moment, Hormel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.60, and their Forward P/E ratio for the next fiscal year is 17.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 1.649 whereas that against EBITDA is 14.593.
Stock Price History:
Over the past 52 weeks, HRL has reached a high of $36.86, while it has fallen to a 52-week low of $28.51. The 50-Day Moving Average of the stock is 1.03%, while the 200-Day Moving Average is calculated to be -2.15%.
Shares Statistics:
For the past three months, HRL has traded an average of 2.37M shares per day and 2796050 over the past ten days. A total of 548.61M shares are outstanding, with a floating share count of 290.78M. Insiders hold about 47.04% of the company’s shares, while institutions hold 40.85% stake in the company. Shares short for HRL as of 1731628800 were 9331392 with a Short Ratio of 4.65, compared to 1728950400 on 7954979. Therefore, it implies a Short% of Shares Outstanding of 9331392 and a Short% of Float of 1.7000000000000002.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.46.
