After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Just in Time for Spring Holidays, the Hormel Gatherings® Brand Team Introduces Spring-Themed Honey Ham & Turkey Tray.
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
Hormel Foods Corp. is listed on the NYSE in the Consumer Defensive sector while operating in the Packaged Foods industry. The current market capitalization of Hormel Foods Corp. is $16.65B. A total of 2.73 million shares were traded on the day, compared to an average of 3.11M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. 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 24 BUYs and 7 SELLs from insiders. Insiders purchased 89,174 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
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Hormel Foods Corp. pays an annual dividend of $1.11, resulting in a dividend yield of 3.64%, and it has a price to earnings (P/E) ratio of 21.07. 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HRL in the last 3 months, the mean price target is $30.38 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 $45.27 and a low of $28.51.
As of this writing, HRL has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.36 per share and a lower estimate of $0.3. 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
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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
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. 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 2.50.
