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.
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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 $18.52B. A total of 2.26 million shares were traded on the day, compared to an average of 3.28M 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
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 3.30%, and it has a price to earnings (P/E) ratio of 23.33. 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.
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 $Halliburton Company per share for the current quarter. EPS was calculated based on a consensus of Hecla Mining Company estimates, with a high estimate of $H&R Block, Inc. per share and a lower estimate of $Hormel Foods Corporation.
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.
