As of Friday close, Hormel Foods Corporation’s (NYSE:HRL) stock was down -$0.42, moving down -1.07 percent to $38.91. The average number of shares traded per day over the past five days has been 2,104,980 shares. 4 times new highs have been achieved over the past 5 days, with a $0.67 gain in that time frame. In the last twenty days, the average volume was 2,476,325, while in the previous 50 days, it was 1,975,676.
Since last month, HRL stock rose 1.14%. Shares of the company fell to $36.78 on 09/08/23, the lowest level in the past month. A 52-week high of $49.73 was reached on 01/06/23 after having rallying from a 52-week low of $36.78. Since the beginning of this year, HRL’s stock price has dropped by -14.58% or -$6.64, and marked a new high 3 times. However, the stock has declined by -21.76% since its 52-week high.
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HRL stock investors should be aware that Hormel Foods Corporation (HRL) stock had its last reported insider trading activity 17 days ago on Sep 06. Lilly Pierre M, the SVP & CHIEF COMPLIANCE OFFICER of the company, purchased of 1,454 shares for $37.25 on Sep 06. It resulted in a $54,153 investment by the insider. Ourada Mark J sold 9,200 shares at an average price of $41.00 on Jun 13. The insider now owns 20,684 shares following the transaction. On Jun 08, GROUP VICE PRESIDENT Coffey Mark A sold 31,400 shares at $40.50 apiece. The transaction was valued at $1,271,700.
Valuation Metrics
Right now, Hormel Foods Corporation (HRL) has a P/E ratio of about 24.36. The stock’s beta is 0.18. Besides these, the trailing price-to-sales (P/S) ratio of 1.75, the price-to-book (PB) ratio of 2.76, and the price-to-cash flow ratio of 25.36 may also be considered.
The latest dividend of $0.2750 per share was paid out, remained unchanged from last year’s $0.2750. On Monday November 21 2022, a $0.0150 dividend increase was announced.
Financial Health
In the three months ended July 30, Hormel Foods Corporation’s quick ratio stood at 0.70, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.31, and the total debt-to-equity ratio was 0.43. On the profitability front, the trailing twelve-month gross margin is 16.80% percent. In the year ended July 30, EBITDA margin amounted to 12.14%, whereas operating margins totaled 9.60%. Based on annual data, HRL earned $2.16 billion in gross profit and brought in $12.46 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.60%. Return on equity (ROE) for the past 12 months was 11.50%.
In Hormel Foods Corporation’s quarter-end financial report for July 30, it reported total debt of $3.29 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HRL’s revenue rose 45.64% to $3.45 billion during the quarter, while net income inched up to $4.53 billion. While analysts expected Hormel Foods Corporation to report $0.41 quarterly earnings, the actual figure was $0.4 per share, beating the consensus estimate by -2.40%. During the quarter, the company generated $301.3 million in EBITDA. The liabilities of Hormel Foods Corporation were 5.71 billion at the end of its most recent quarter ended July 30, and its total debt was $3.31 billion. The value of shareholders’ equity is $546.48 million.
Technical Picture
This quick technical analysis looks at Hormel Foods Corporation’s (HRL) price momentum. With a historical volatility rate of 14.40%, the RSI 9-day stood at 57.38% on 22 September.
With respect to its five-day moving average, the current Hormel Foods Corporation price is up by +1.75% percent or $0.67. At present, HRL shares trade -0.03% below its 20-day simple moving average and -4.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.14% below its SMA50 and -17.55% below its SMA200.
Stochastic coefficient K was 78.24% and Stochastic coefficient D was 66.99%, while ATR was 0.61. Given the Stochastic reading of 76.11% for the 14-day period, the RSI (14) reading has been calculated as 52.28%. As of today, the MACD Oscillator reading stands at 0.65, while the 14-day reading stands at 1.04.
Analyst Ratings
Hormel Foods Corporation downgraded its rating on Hormel Foods Corporation (NYSE: HRL) to a Hold in a note to investors on March 30, 2023. The analysts firm previously had a Buy rating on the stock.Hormel Foods Corporation (HRL) has been rated Underweight by analysts. According to 2 brokerage firms, HRL is a sell, and 8 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate Hormel Foods Corporation stock as buy, with 0 recommending it as overweight.
With a median target price of $39.45, the current consensus forecast for the stock is $33.00 – $42.00. Based on these forecasts, analysts predict Hormel Foods Corporation (HRL) will achieve an average price target of $38.86.
