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Thursday, June 8, 2023

Momentum Is Strong For Hormel Foods Corporation (NYSE: HRL)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 $0.22, or 0.54%, to $40.66. The Hormel Foods Corporation has recorded 227,447 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed GLOBAL FANS TO CELEBRATE ICONIC SPAM® BRAND IN WAIKIKI AS BELOVED SPAM JAM® FESTIVAL RETURNS.

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Stocks Info

This NYSE-listed company operates within the Packaged Foods industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $40.44 and fluctuated between $40.67 as its day high and $40.28 as its day low. The current market capitalization of Hormel Foods Corporation is $22.09B. A total of 3.94 million shares were traded on the day, compared to an average of 2.07M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HRL has seen 13 BUY and 2 SELL insider trades, representing the acquisition of 87,614 and the disposition of 11,200 shares. Over the last 12 months, there were 41 BUYs and 30 SELLs from insiders. Insiders purchased 227,880 shares during that period but sold 146,836.

In the most recent transaction, Murano Elsa A sold 6,000 shares of HRL for 40.50 per share on Apr 03. After the transaction, the Director now owns 102,698 company shares. In a previous transaction on Mar 27, Prado Becerra Jose Luis sold 5,200 shares at 39.01 per share. HRL shares that Director owns now total 18,410.

Among the insiders who sold shares, Connor Patrick J disposed of 1,577 shares on Dec 14 at a per-share price of $46.88. This resulted in the GROUP VICE PRESIDENT holding 22,682 shares of HRL after the transaction. In another insider transaction, Snee James P sold 31,283 shares at $47.66 per share on Dec 08. Company shares held by the CHAIRMAN, PRESIDENT AND CEO now total 234,999.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Hormel Foods Corporation pays an annual dividend of $1.10, resulting in a dividend yield of 2.72%, and it has a price to earnings (P/E) ratio of 22.74. HRL’s most recent ex-dividend date was 4/14/2023 when it declared a $0.2750 quarterly dividend that was paid in cash on 5/15/2023. Previously, the company paid the dividend on 2/15/2023 with an ex-dividend date of 1/13/2023. The HRL stock dividend was $0.2750 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HRL in the last 3 months, the mean price target is $41.86 with high estimates of $47.00 and low estimates of $35.00. In terms of 52-week highs and lows, HRL has a high of $53.54 and a low of $37.78.

As of this writing, HRL has an earnings estimate of $0.39 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.43 per share and a lower estimate of $0.37. The company reported an EPS of $0.51 in the last quarter, which was 2.00% higher than expectations of $0.5.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HRL’s latest balance sheet shows that the firm has $634.69M in Cash & Short Term Investments as of fiscal 2021. There were $3.32B in debt and $1.42B in liabilities at the time. Its Book Value Per Share was $13.94, while its Total Shareholder’s Equity was $6.98B.

Analysts Opinion

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. Currently, 11 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 2.88. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 7 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 2 thought it should be Sold.

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