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Hormel Foods Corporation (HRL)

39.88   0.64 (1.63%) 03-31 16:03
Open: 39.36 Pre. Close: 39.24
High: 39.9 Low: 39.36
Volume: 3,031,003 Market Cap: 21,796(M)

Technical analysis

as of: 2023-03-31 4:19:23 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 49.53     One year: 52.87
Support: Support1: 37.77    Support2: 31.42
Resistance: Resistance1: 42.4    Resistance2: 45.27
Pivot: 38.94
Moving Average: MA(5): 39.3     MA(20): 39.19
MA(100): 44.66     MA(250): 46.91
MACD: MACD(12,26): -1     Signal(9): -1.3
Stochastic oscillator: %K(14,3): 74.2     %D(3): 61.2
RSI: RSI(14): 45
52-week: High: 55.11  Low: 37.77
Average Vol(K): 3-Month: 1,900 (K)  10-Days: 2,132 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ HRL ] has closed below upper band by 4.8%. Bollinger Bands are 39.3% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 39.37 - 39.57 39.57 - 39.7
Low: 38.5 - 38.77 38.77 - 38.94
Close: 38.86 - 39.26 39.26 - 39.52

Company Description

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

Headline News

Fri, 31 Mar 2023
Have Insiders Sold Hormel Foods Corporation (NYSE:HRL) Shares Recently? - Simply Wall St

Thu, 30 Mar 2023
Argus Research Downgrades Hormel Foods (HRL) - Nasdaq

Thu, 30 Mar 2023
Hormel Foods Corp (HRL) Stock: What Does the Chart Say Thursday? - InvestorsObserver

Mon, 27 Mar 2023
Hormel Foods Elects Two New Members to its Board Of Directors - Hormel Foods

Fri, 24 Mar 2023
Hormel Foods Provides Eight Elite Snacking Options as College ... - Hormel Foods

Wed, 22 Mar 2023
Sit Back, Relax and Enjoy National Chip and Dip Day with Hormel ... - Hormel Foods

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Consumer Defensive
Industry:  Packaged Foods
Shares Out. 547 (M)
Shares Float 288 (M)
% Held by Insiders 47.1 (%)
% Held by Institutions 41.8 (%)
Shares Short 9,110 (K)
Shares Short P.Month 8,990 (K)

Stock Financials

EPS 1.73
EPS Est Next Qtl 0.43
EPS Est This Year 1.55
EPS Est Next Year 1.63
Book Value (p.s.) 13.93
Profit Margin (%) 7.9
Operating Margin (%) 10
Return on Assets (ttm) 5.9
Return on Equity (ttm) 13.2
Qtrly Rev. Growth -2.5
Gross Profit (p.s.) 3.95
Sales Per Share 22.67
EBITDA (p.s.) 2.78
Qtrly Earnings Growth -9.4
Operating Cash Flow 955 (M)
Levered Free Cash Flow 397 (M)

Stock Valuations

PE Ratio 23.04
PEG Ratio 6.8
Price to Book value 2.86
Price to Sales 1.75
Price to Cash Flow 22.82

Stock Dividends

Dividend 0.28
Forward Dividend 0
Dividend Yield 0.7%
Dividend Pay Date 2022-02-14
Ex-Dividend Date 2022-01-13
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