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In the latest session, Hormel Foods Corp. (NYSE: HRL) closed at $31.17 down -0.98% from its previous closing price of $31.48. In other words, the price has decreased by -$0.98 from its previous closing price. On the day, 1.92 million shares were traded. HRL stock price reached its highest trading level at $31.62 during the session, while it also had its lowest trading level at $31.1101.
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 30.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.93. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 2.29. 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 the company, Citigroup on August 13, 2024, Upgraded its rating to Buy and sets its target price to $37 from $33 previously.
On May 31, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $28 to $29.
On February 01, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $31.Citigroup initiated its Neutral rating on February 01, 2024, with a $31 target price.
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 Sep 18 ’24 when Myers Kevin L sold 10,000 shares for $32.70 per share. The transaction valued at 327,000 led to the insider holds 39,050 shares of the business.
Myers Kevin L bought 14,800 shares of HRL for $489,880 on Sep 19 ’24. On Sep 13 ’24, another insider, Brady Deanna T, who serves as the EXECUTIVE VICE PRESIDENT of the company, sold 51,600 shares for $31.95 each. As a result, the insider received 1,648,878 and left with 72,421 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 17092506624 and an Enterprise Value of 19400523776. As of this moment, Hormel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.90, and their Forward P/E ratio for the next fiscal year is 18.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 1.619 whereas that against EBITDA is 14.33.
Stock Price History:
Over the past 52 weeks, HRL has reached a high of $39.25, while it has fallen to a 52-week low of $28.51. The 50-Day Moving Average of the stock is -2.66%, while the 200-Day Moving Average is calculated to be -3.78%.
Shares Statistics:
For the past three months, HRL has traded an average of 2.25M shares per day and 2332910 over the past ten days. A total of 546.60M shares are outstanding, with a floating share count of 290.55M. Insiders hold about 47.02% of the company’s shares, while institutions hold 41.33% stake in the company. Shares short for HRL as of 1724976000 were 7908736 with a Short Ratio of 3.51, compared to 1722384000 on 8930615. Therefore, it implies a Short% of Shares Outstanding of 7908736 and a Short% of Float of 1.45000005.
Dividends & Splits
According to the company, the forward annual dividend rate for HRL is 1.12, from 1.123 in the trailing year. Against a Trailing Annual Dividend Yield of 0.035673443The stock’s 5-year Average Dividend Yield is 2.37.
