What Are The Chances Of Hormel Foods Corp. (NYSE: HRL) Becoming A Clear Buy?

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 Hormel Foods Seeking Nominations for 2024 Class of 10 Under 20 Food Heroes.

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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. At the end of the last regular session, the stock closed at $34.95 and fluctuated between $35.10 as its day high and $34.62 as its day low. The current market capitalization of Hormel Foods Corp. is $19.14B. A total of 2.27 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

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 3.17%, and it has a price to earnings (P/E) ratio of 24.12. 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.

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.

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.

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