Hormel Foods Co. (NYSE:HRL – Get Free Report) EVP Deanna T. Brady sold 51,600 shares of Hormel Foods stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $31.95, for a total transaction of $1,648,620.00. Following the completion of the transaction, the executive vice president now directly owns 72,421 shares of the company’s stock, valued at approximately $2,313,850.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Hormel Foods Stock Down 0.5 %
HRL stock opened at $32.37 on Wednesday. Hormel Foods Co. has a fifty-two week low of $28.51 and a fifty-two week high of $39.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.29 and a quick ratio of 1.03. The stock has a market capitalization of $17.75 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.10 and a beta of 0.25. The business’s fifty day moving average price is $31.96 and its two-hundred day moving average price is $32.96.
Hormel Foods (NYSE:HRL – Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Hormel Foods had a net margin of 6.52% and a return on equity of 11.03%. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s revenue was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that Hormel Foods Co. will post 1.58 earnings per share for the current year.
Institutional Investors Weigh In On Hormel Foods
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Stephens reiterated an “equal weight” rating and set a $32.00 price target on shares of Hormel Foods in a report on Friday, May 31st. JPMorgan Chase & Co. raised Hormel Foods from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $28.00 to $29.00 in a report on Friday, May 31st. Finally, Citigroup raised Hormel Foods from a “neutral” rating to a “buy” rating and raised their price target for the company from $33.00 to $37.00 in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.33.
Get Our Latest Analysis on Hormel Foods
About Hormel Foods
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company 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, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.
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