What You Need To Know About Hormel Foods Corporation (HRL)

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KOSK Stock
KOSK Stock

Hormel Foods Corporation (NYSE:HRL) finished Wednesday with an addition of $0.56 to close at $46.57, an upside of 1.22 percent. An average of 1,751,420 shares of common stock have been traded in the last five days. There was a gain of $0.62 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 1,848,470 shares traded, while the 50-day average volume stands at 1,421,026.

HRL stock has decreased by -8.18% in the last month. The company shares reached their 1-month lowest point of $45.57 on 09/15/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $40.48 and a high of $55.11 in 52 weeks. It has reached a new high 16 times so far this year and lost -4.59% or -$2.24 in price. In spite of this, the price is down -15.50% from the 52-week high.


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Insider Transactions

13 days have passed since Hormel Foods Corporation (HRL) last reported insider trading activity. Myers Kevin L, who is SENIOR VICE PRESIDENT, most recently acquired $5,000 shares at $47.20 per share on Sep 09. In this transaction, the insider spent $236,000. Director, Policinski Christopher J., disposed of 2,110 shares at a price of $46.27 on Jun 23. The insider now owns more than $97,633 worth of shares. Prior to that, SENIOR VICE PRESIDENT Myers Kevin L went on to Sale 5,000 shares at $45.07 each on Jun 07. An amount of $225,334 was transacted.

Valuation Metrics

Hormel Foods Corporation (HRL) has a trailing price-to-earnings (P/E) ratio of 25.50. The stock’s beta is 0.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.02, the price-to-book (PB) ratio at 3.45, and the price-to-cash flow ratio at 51.43.

The company has a payout ratio of 54.80%. The company’s most recent quarterly dividend payment was $0.26 a share, without any change from last year. Its latest increase dividend $0.0150 reported on Monday November 22 2021.

Financial Health

The quick ratio of Hormel Foods Corporation for the three months ended April 29 was 1.20, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.45 and a total debt to equity ratio of 0.45 for the quarter ending April 29. Its gross profit as reported stood at $1.93 billion compared to revenue of $11.39 billion.

Earnings Surprise

For the three-month period that ended April 29, Hormel Foods Corporation had $21.16 million in cash and short-term investments compared to $3.32 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $281.74 million in the quarter, while revenues of $176.92 million were grew 16.82%. The analyst consensus anticipated Hormel Foods Corporation’s latest quarter earnings to come in at $0.47 per share, but it turned out to be $0.48, a 2.10% surprise. For the quarter, EBITDA amounted to $363.31 million. Shareholders own equity worth $546.2 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Hormel Foods Corporation (HRL) price momentum. RSI 9-day as of the close on 21 September was 41.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.13%.

As of today, HRL’s price is $46.12 +1.35% or $0.62 from its 5-day moving average. HRL is currently trading -9.17% lower than its 20-day SMA and -13.00% lower than its 100-day SMA. However, the stock’s current price level is -3.14% below the SMA50 and +8.99% above the SMA200.

The stochastic %K and %D were 18.41% and 11.25%, respectively, and the average true range (ATR) was 0.82. With the 14-day stochastic at 34.97% and the average true range at 0.82, the RSI (14) stands at 39.40%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.19.

Analyst Ratings

Goldman downgraded Hormel Foods Corporation (NYSE: HRL) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Hormel Foods Corporation (HRL) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HRL, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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