Hormel Foods Corporation [HRL] is 4.66% higher this YTD. Is it still time to buy?

Hormel Foods Corporation [NYSE: HRL] traded at a low on 11/24/20, posting a -5.64 loss after which it closed the day’ session at $47.21. The company report on November 24, 2020 that Hormel Foods Corp. to Host Earnings Call.

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Hormel Foods Corp. (NYSE:HRL) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on November 24, 2020 at 10:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/71648.

The results of the trading session contributed to over 5161339 shares changing hands. Over the past one week, the price volatility of Hormel Foods Corporation stands at 2.68% while the volatility over the past one month is 2.36%.

The market cap for HRL stock reached $25.40 billion, with 539.11 million shares outstanding and 281.56 million shares in the current float. Compared to the average trading volume of 1.73M shares, HRL reached a trading volume of 5161339 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $46.67 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 1.16, with the Price to Sales ratio for HRL stock in the period of the last 12 months amounting to 2.62. The Price to Book ratio for the last quarter was 4.06, with the Price to Cash per share for the same quarter was set at 3.25. Price to Free Cash Flow for HRL in the course of the last twelve months was 65.52 with Quick ratio for the last quarter at 1.70.

How has HRL stock performed recently?

Hormel Foods Corporation [HRL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.03. With this latest performance, HRL shares dropped by -4.53% in over the last four-week period, additionally sinking by -1.40% over the last 6 months – not to mention a rise of 10.41% 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 34.31, with the RSI for the last a single of trading hit 26.44, and the three-weeks RSI is set at 38.10 for Hormel Foods Corporation [HRL]. The present Moving Average for the last 50 days of trading for this stock 49.58, while it was recorded at 49.47 for the last single week of trading, and 48.44 for the last 200 days.

Hormel Foods Corporation [HRL]: Deeper insight into the 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 analysis for Hormel Foods Corporation [HRL]

With the latest financial reports released by the company, Hormel Foods Corporation posted 0.45/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 fail 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 1.00%.

Insider trade positions for Hormel Foods Corporation [HRL]

There are presently around $11,054 million, or 47.20% of HRL stock, in the hands of institutional investors. The top three institutional holders of HRL stocks are: VANGUARD GROUP INC with ownership of 33,208,937, which is approximately -1.616% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 30,602,350 shares of the stock with an approximate value of $1.44 billion in HRL stocks shares; and STATE STREET CORP, currently with $1.24 billion in HRL stock with ownership of nearly 0.405% of the company’s market capitalization.

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Positions in Hormel Foods Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 293 institutional holders increased their position in Hormel Foods Corporation [NYSE:HRL] by around 11,895,705 shares. Additionally, 294 investors decreased positions by around 11,108,732 shares, while 103 investors held positions by with 211,142,165 shares. The mentioned changes placed institutional holdings at 234,146,602 shares, according to the latest SEC report filing. HRL stock had 67 new institutional investments in for a total of 899,997 shares, while 46 institutional investors sold positions of 5,157,383 shares during the same period.

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