Hormel Foods Corporation [HRL] is 8.85% higher this YTD. Is it still time to buy?

Hormel Foods Corporation [NYSE: HRL] closed the trading session at $49.10 on 10/08/20. The day’s price range saw the stock hit a low of $48.875, while the highest price level was $49.81. The company report on October 6, 2020 that Hormel Foods Donates More than 540,000 Pounds of Sausages to Convoy of Hope to Help Combat Hunger.

Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced it has donated more than 540,000 pounds of foodservice breakfast sausages to Convoy of Hope, a nonprofit organization with a driving passion to feed the world through feeding initiatives for children, community outreach events and disaster response efforts. Over 64,000 cases of breakfast sausages are being distributed to a variety of food shelves throughout Texas, California, South Carolina, Missouri, Iowa and Florida.

“We are incredibly proud to partner with Convoy of Hope to help support the fight against hunger,” said Kelly Braaten, manager, corporate communications – corporate responsibility at Hormel Foods. “We’re happy to donate more than 540,000 pounds of breakfast sausages to help them continue their work of feeding families and kids in need.”.

The stocks have a year to date performance of 8.85 percent and weekly performance of -0.37 percent. The stock has been moved at 3.28 percent over the last six months. The stock has performed -3.10 percent around the most recent 30 days and changed 1.87 percent over the most recent 3-months.

If compared to the average trading volume of 1.46M shares, HRL reached to a volume of 1043951 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Hormel Foods Corporation [HRL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HRL shares is $46.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HRL stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Seaport Global Securities have made an estimate for Hormel Foods Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 08, 2020. The new note on the price target was released on July 17, 2020, representing the official price target for Hormel Foods Corporation stock. Previously, the target price had yet another drop from $48 to $47, while Piper Sandler kept a Neutral rating on HRL stock. On March 26, 2020, analysts increased their price target for HRL shares from 35 to 45.

The Average True Range (ATR) for Hormel Foods Corporation is set at 0.94, with the Price to Sales ratio for HRL stock in the period of the last 12 months amounting to 2.75. The Price to Book ratio for the last quarter was 4.22, with the Price to Cash per share for the same quarter was set at 3.22. Price to Free Cash Flow for HRL in the course of the last twelve months was 68.70 with Quick ratio for the last quarter at 1.70.

HRL stock trade performance evaluation

Hormel Foods Corporation [HRL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.37. With this latest performance, HRL shares dropped by -3.10% in over the last four-week period, additionally plugging by 3.28% over the last 6 months – not to mention a rise of 14.61% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HRL stock in for the last two-week period is set at 46.54, with the RSI for the last a single of trading hit 48.48, and the three-weeks RSI is set at 46.63 for Hormel Foods Corporation [HRL]. The present Moving Average for the last 50 days of trading for this stock 50.47, while it was recorded at 49.16 for the last single week of trading, and 47.81 for the last 200 days.

Hormel Foods Corporation [HRL]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Hormel Foods Corporation [HRL] shares currently have an operating margin of +12.32 and a Gross Margin at +19.81. Hormel Foods Corporation’s Net Margin is presently recorded at +10.31.

Return on Total Capital for HRL is now 18.86, given the latest momentum, and Return on Invested Capital for the company is 15.79. Return on Equity for this stock inclined to 16.99, with Return on Assets sitting at 11.74. When it comes to the capital structure of this company, Hormel Foods Corporation [HRL] has a Total Debt to Total Equity ratio set at 4.22. Additionally, HRL Total Debt to Total Capital is recorded at 4.05, with Total Debt to Total Assets ending up at 3.00. Long-Term Debt to Equity for the company is recorded at 4.22, with the Long-Term Debt to Total Capital now at 4.05.

Reflecting on the efficiency of the workforce at the company, Hormel Foods Corporation [HRL] managed to generate an average of $52,064 per employee. Receivables Turnover for the company is 15.85 with a Total Asset Turnover recorded at a value of 1.14.Hormel Foods Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.40.

Earnings per share (EPS) analysis for Hormel Foods Corporation [HRL] stock

With the latest financial reports released by the company, Hormel Foods Corporation posted 0.47/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HRL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hormel Foods Corporation go to 3.00%.

Hormel Foods Corporation [HRL]: Insider Ownership positions

There are presently around $11,442 million, or 44.70% of HRL stock, in the hands of institutional investors. The top three institutional holders of HRL stocks are: VANGUARD GROUP INC with ownership of 33,754,526, which is approximately -5.038% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 29,975,591 shares of the stock with an approximate value of $1.47 billion in HRL stocks shares; and STATE STREET CORP, currently with $1.29 billion in HRL stock with ownership of nearly -7.147% of the company’s market capitalization.

Positions in Hormel Foods Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 298 institutional holders increased their position in Hormel Foods Corporation [NYSE:HRL] by around 17,679,924 shares. Additionally, 293 investors decreased positions by around 19,098,216 shares, while 86 investors held positions by with 196,260,504 shares. The mentioned changes placed institutional holdings at 233,038,644 shares, according to the latest SEC report filing. HRL stock had 67 new institutional investments in for a total of 1,632,392 shares, while 61 institutional investors sold positions of 1,111,697 shares during the same period.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on skype
Skype
Share on reddit
Reddit

Leave a Comment

Your email address will not be published. Required fields are marked *

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam