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. Most recently, Yahoo Finance reported about the stock as it publicized that Hormel Foods Expects to Once Again Wow the Crowd at International Pizza Expo with its Latest Pizza-Topping Innovation: HORMEL® Ribbon Pepperoni.
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Stocks Info
Hormel Foods Corp. is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Packaged Foods industry. The current market capitalization of Hormel Foods Corp. is $18.88B. A total of 2.19 million shares were traded on the day, compared to an average of 3.26M shares.
In the most recent transaction, Coffey Mark A sold 15,400 shares of HRL for 34.18 per share on Mar 08 ’24. After the transaction, the GROUP VICE PRESIDENT now owns 68,029 company shares. In a previous transaction on Dec 27 ’23, NESTEGARD SUSAN K sold 8,105 shares at 31.78 per share. HRL shares that Director owns now total 92,615.
Among the insiders who sold shares, Myers Kevin L disposed of 5,892 shares on Dec 21 ’23 at a per-share price of $31.47. This resulted in the SENIOR VICE PRESIDENT holding 38,531 shares of HRL after the transaction. In another insider transaction, Brady Deanna T sold 5,024 shares at $31.48 per share on Dec 19 ’23. Company shares held by the EXECUTIVE VICE PRESIDENT now total 71,567.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Hormel Foods Corp. pays an annual dividend of $1.11, resulting in a dividend yield of 3.21%, and it has a price to earnings (P/E) ratio of 23.80. 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.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $14.32, while its Total Shareholder’s Equity was $6.98B.
Analysts Opinion
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. 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.
