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. Earlier, Yahoo Finance discussed this stock as it revealed Hormel Foods Corporation Declares Quarterly Dividend.
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Stocks Info
HRL belongs to the Consumer Defensive sector of the NYSE while operating in the Packaged Foods industry. The current market capitalization of Hormel Foods Corp. is $19.09B. A total of 3.72 million shares were traded on the day, compared to an average of 3.23M 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
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Hormel Foods Corp. pays an annual dividend of $1.11, resulting in a dividend yield of 3.18%, and it has a price to earnings (P/E) ratio of 24.05. HRL’s most recent ex-dividend date was 4/12/2024 when it declared a $0.2825 quarterly dividend that was paid in cash on 5/15/2024. Previously, the company paid the dividend on 2/15/2024 with an ex-dividend date of 1/12/2024. The HRL stock dividend was $0.2825 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. 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
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.
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 2.50.
