After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Hormel Foods Announces Retirement of Pat Schwab, Vice President of Retail Sales – East.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Stocks Info
HRL belongs to the Consumer Defensive sector of the NYSE while operating in the Packaged Foods industry. At the end of the last regular session, the stock closed at $31.08 and fluctuated between $31.12 as its day high and $30.73 as its day low. The current market capitalization of Hormel Foods Corp. is $17.00B. A total of 2.54 million shares were traded on the day, compared to an average of 3.22M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HRL has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 8,105 shares. Over the last 12 months, there were 35 BUYs and 7 SELLs from insiders. Insiders purchased 168,576 shares during that period but sold 70,305.
In the most recent transaction, NESTEGARD SUSAN K sold 8,105 shares of HRL for 31.78 per share on Dec 27. After the transaction, the Director now owns 92,615 company shares. In a previous transaction on Dec 21, Myers Kevin L sold 5,892 shares at 31.47 per share. HRL shares that SENIOR VICE PRESIDENT owns now total 38,531.
Among the insiders who sold shares, Brady Deanna T disposed of 5,024 shares on Dec 19 at a per-share price of $31.48. This resulted in the EXECUTIVE VICE PRESIDENT holding 71,567 shares of HRL after the transaction. In another insider transaction, Murano Elsa A sold 9,000 shares at $31.70 per share on Dec 13. Company shares held by the Director now total 93,698.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Hormel Foods Corp. pays an annual dividend of $1.12, resulting in a dividend yield of 3.62%, and it has a price to earnings (P/E) ratio of 21.50. HRL’s most recent ex-dividend date was 1/12/2024 when it declared a $0.2825 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/15/2023 with an ex-dividend date of 10/13/2023. The HRL stock dividend was $0.2750 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HRL in the last 3 months, the mean price target is $30.80 with high estimates of $33.40 and low estimates of $26.00. In terms of 52-week highs and lows, HRL has a high of $46.22 and a low of $30.12.
As of this writing, HRL has an earnings estimate of $Hecla Mining Company per share for the current quarter. EPS was calculated based on a consensus of Halliburton Company estimates, with a high estimate of $Healthcare Realty Trust Incorpo per share and a lower estimate of $Hormel Foods Corporation.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $14.15, while its Total Shareholder’s Equity was $6.98B.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 2.44.
