After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that Office Potluck Inspires Innovation Resulting in Launch of HORMEL® Sweet Garlic Ginger Pork Loin.
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Stocks Info
As a NYSE listed company, HRL falls under the Consumer Defensive sector while operating within the Packaged Foods industry segment. The current market capitalization of Hormel Foods Corp. is $18.60B. A total of 3.37 million shares were traded on the day, compared to an average of 3.23M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Hormel Foods Corp. pays an annual dividend of $1.11, resulting in a dividend yield of 3.26%, and it has a price to earnings (P/E) ratio of 23.48. 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.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, HRL has a high of $41.73 and a low of $28.51.
As of this writing, HRL has an earnings estimate of $0.36 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.32. The company reported an EPS of $0.42 in the last quarter, which was -4.50% lower than expectations of $0.44.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $14.32, 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, 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.
