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Sunday, April 2, 2023

There’s No Need To Panic Or Freeze When It Comes To Hormel Foods Corporation (NYSE: HRL)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Hormel Foods Corporation (HRL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.42, or 1.00%, to $42.25. The Hormel Foods Corporation has recorded 51,663 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that HORMEL FOODS REPORTS FIRST QUARTER FISCAL 2023 RESULTS.

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Stocks Info

The company is listed on the NYSE and operates within the Packaged Foods industry segment. At the end of the last regular session, the stock closed at $41.83 and fluctuated between $42.62 as its day high and $40.72 as its day low. The current market capitalization of Hormel Foods Corporation is $22.94B. A total of 4.07 million shares were traded on the day, compared to an average of 1.65M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, HRL has seen 15 BUY and 18 SELL insider trades, representing the acquisition of 53,913 and the disposition of 45,576 shares. Over the last 12 months, there were 41 BUYs and 36 SELLs from insiders. Insiders purchased 1,464,748 shares during that period but sold 266,478.

In the most recent transaction, Connor Patrick J sold 1,577 shares of HRL for 46.88 per share on Dec 14. After the transaction, the GROUP VICE PRESIDENT now owns 22,682 company shares. In a previous transaction on Dec 08, Snee James P sold 31,283 shares at 47.66 per share. HRL shares that CHAIRMAN, PRESIDENT AND CEO owns now total 234,999.

Among the insiders who sold shares, Myers Kevin L disposed of 5,000 shares on Sep 09 at a per-share price of $47.20. This resulted in the SENIOR VICE PRESIDENT holding 32,954 shares of HRL after the transaction. In another insider transaction, Policinski Christopher J. sold 2,110 shares at $46.27 per share on Jun 23. Company shares held by the Director now total 85,254.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Hormel Foods Corporation pays an annual dividend of $1.10, resulting in a dividend yield of 2.63%, and it has a price to earnings (P/E) ratio of 22.98. HRL’s most recent ex-dividend date was 1/13/2023 when it declared a $0.2750 quarterly dividend that was paid in cash on 2/15/2023. Previously, the company paid the dividend on 11/15/2022 with an ex-dividend date of 10/14/2022. The HRL stock dividend was $0.26 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for HRL in the last 3 months, the mean price target is $45.99 with high estimates of $52.00 and low estimates of $38.00. In terms of 52-week highs and lows, HRL has a high of $55.11 and a low of $43.64.

As of this writing, HRL has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.44. The company reported an EPS of $0.4 in the last quarter, which was -2.40% lower than expectations of $0.41.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HRL is Hold with a score of 3.13. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 10 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 1 thought it should be Sold.

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