Hormel Foods Corp (NYSE:HRL) has a beta value of 0.31 and has seen 1.01 million shares traded in the recent trading session. The company, currently valued at $16.32B, closed the recent trade at $29.67 per share which meant it lost -$0.1 on the day or -0.34% during that session. The HRL stock price is -13.92% off its 52-week high price of $33.80 and 7.01% above the 52-week low of $27.59. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.86 million shares traded. The 3-month trading volume is 3.11 million shares.
The consensus among analysts is that Hormel Foods Corp (HRL) is Hold stock at the moment, with a recommendation rating of 2.85. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 6 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
Hormel Foods Corp (NYSE:HRL) trade information
Sporting -0.34% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the HRL stock price touched $29.67 or saw a rise of 6.87%. Year-to-date, Hormel Foods Corp shares have moved -3.89%, while the 5-day performance has seen it change -4.60%. Over the past 30 days, the shares of Hormel Foods Corp (NYSE:HRL) have changed -4.44%. Short interest in the company has seen 12.86 million shares shorted with days to cover at 4.01.
Wall Street analysts have a consensus price target for the stock at $35, which means that the shares’ value could jump 15.23% from the levels at last check today.. The projected low price target is $35.0 while the price target rests at a high of $35.0. In that case, then, we find that the latest price level in today’s session is -17.96% off the targeted high while a plunge would see the stock gain -17.96% from the levels at last check today..
Hormel Foods Corp (HRL) estimates and forecasts
The company’s shares have lost -1.26% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -3.96% over the past 5 years. Earnings growth for 2025 is a modest 1.25% while over the next 5 years, the company’s earnings are expected to increase by 8.68%.
HRL Dividends
Hormel Foods Corp is expected to release its next earnings report on 2025-May-29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.15 at a share yield of 3.88%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.68%.
Hormel Foods Corp (NYSE:HRL)’s Major holders
Insiders own 0.25% of the company shares, while shares held by institutions stand at 89.94% with a share float percentage of 90.17%. Investors are also buoyed by the number of investors in a company, with Hormel Foods Corp having a total of 919.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 36.76 million shares worth more than $1.12 billion. As of 2024-06-30, VANGUARD GROUP INC held 6.699% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 25.5 million shares as of 2024-06-30. The firm’s total holdings are worth over $777.45 million and represent 4.6472% of shares outstanding.
