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. Recently, Yahoo Finance discussed the stock, revealing that PLANTERS® Brand Team Introduces New Flavor-Forward Innovation in Snack Nuts with Launch of PLANTERS® Nut Duos Snacks.
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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 $19.02B. A total of 3.26 million shares were traded on the day, compared to an average of 3.30M shares.
In the most recent transaction, Ourada Mark J sold 13,800 shares of HRL for 35.50 per share on Apr 02 ’24. After the transaction, the GROUP VICE PRESIDENT now owns 28,050 company shares. In a previous transaction on Apr 02 ’24, Murano Elsa A sold 4,300 shares at 35.13 per share. HRL shares that Director owns now total 94,583.
Among the insiders who sold shares, Coffey Mark A disposed of 15,400 shares on Mar 28 ’24 at a per-share price of $35.00. This resulted in the GROUP VICE PRESIDENT holding 68,029 shares of HRL after the transaction. In another insider transaction, Myers Kevin L sold 10,000 shares at $34.95 per share on Mar 28 ’24. Company shares held by the SENIOR VICE PRESIDENT now total 38,708.
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 3.19%, and it has a price to earnings (P/E) ratio of 23.97. 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. 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
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.
