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.

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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. The current market capitalization of Hormel Foods Corp. is $16.47B. A total of 2.52 million shares were traded on the day, compared to an average of 2.42M shares.

In the most recent transaction, Losness-Larson Katherine M bought 830 shares of HRL for 30.12 per share on Jun 27 ’24. After the transaction, the SENIOR VICE PRESIDENT now owns 15,905 company shares. In a previous transaction on Apr 02 ’24, Ourada Mark J sold 13,800 shares at 35.50 per share. HRL shares that GROUP VICE PRESIDENT owns now total 28,050.

Among the insiders who sold shares, Murano Elsa A disposed of 4,300 shares on Apr 02 ’24 at a per-share price of $35.13. This resulted in the Director holding 94,583 shares of HRL after the transaction. In another insider transaction, Coffey Mark A sold 15,400 shares at $35.00 per share on Mar 28 ’24. Company shares held by the GROUP VICE PRESIDENT now total 68,029.

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 3.71%, and it has a price to earnings (P/E) ratio of 21.48. HRL’s most recent ex-dividend date was 7/15/2024 when it declared a $0.2825 quarterly dividend that was paid in cash on 8/15/2024. Previously, the company paid the dividend on 5/15/2024 with an ex-dividend date of 4/12/2024. 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.

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. 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 $14.39, while its Total Shareholder’s Equity was $6.98B.

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 2.67.

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