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HRL Hormel Foods
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30.550
+0.080+0.26% Trading 11/30 11:57 ET
30.865High30.450Low2.06MVolume
30.500Open30.470Pre Close62.93MTurnover0.71%Turnover Ratio21.07P/E (TTM)16.69BMarket Cap46.76752wk High21.07P/E (Static)546.48MShares30.12052wk Low2.16P/B8.80BFloat Cap52.987Historical High1.10Dividend TTM288.15MShs Float1.762Historical Low3.60%Div YieldTTM1.36%Amplitude30.597Avg Price1Lot Size
Intraday
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- 1D
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- 1M
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- 1Y
About Hormel Foods Company
Hormel Foods Corp. engages in the manufacturing and marketing of branded food products. It operates through the following segments: Retail, Foodservice, and International. The Retail segment consists of the processing, marketing, and sale of food products sold predominantly in the retail market. The Foodservice segment includes the processing, marketing, and sale of food and nutritional products for foodservice, convenience store, and commercial customers. The International segment focuses on processing, marketing, and selling company products internationally. The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.
Revenue Breakdown
Business
Currency:USD
2022/10/30
Stock NameRevenueRatio
Refrigerated Foods6.69B53.71%
Grocery Products3.53B28.36%
Jennie-O Turkey Store1.51B12.10%
International & Other727.02M5.84%
News
Goldman Sachs Maintains Sell on Hormel Foods, Lowers Price Target to $26
Goldman Sachs analyst Adam Samuelson maintains Hormel Foods (NYSE:HRL) with a Sell and lowers the price target from $29 to $26.
Hormel Foods Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 11/30/2023 -14.94% Goldman Sachs $29 → $26 Maintains Sell 10/16/2023 1.41% JP Morgan $36 → $31 Maintains U
Piper Sandler Keeps Their Hold Rating on Hormel Foods (HRL)
Comments
Hormel's reassessment to its FY24 forecast has been negatively received by the market as it navigates through numerous challenges in its business environment. The lowered guidance considering the consensus estimates indicates bearish sentiment for the Hormel stock.
Hormel Drops to 52-week Low After Cautious Outlook Rattles InvestorsThe decline in Hormel Foods' EPS may have impacted investor sentiment, causing disappointment and potentially leading to the share price dip. Despite the decrease in share price, the total shareholder return was less severe due to the company's dividend payments.
ColumnsWhat to Expect in the Week Ahead (JPM, WFC, PEP Earnings; A Key Inflation Gauge)
September inflation data and the start of earnings season are the highlights for investors this week. The stock market will be open on Monday, but U.S. bond markets will be closed.
The unofficial start of third-quarter earnings season comes on Friday, with results from several big banks. $Citigroup(C.US$, $JPMorgan(JPM.US$, and $Wells Fargo & Co(WFC.US$ will all reporting before the market opens, as will $Blackrock(BLK.US$ and ...
The unofficial start of third-quarter earnings season comes on Friday, with results from several big banks. $Citigroup(C.US$, $JPMorgan(JPM.US$, and $Wells Fargo & Co(WFC.US$ will all reporting before the market opens, as will $Blackrock(BLK.US$ and ...
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