hormel foods corp. - HRL

HRL

Close Chg Chg %
30.50 0.31 1.02%

Open Market

30.81

+0.31 (1.02%)

Volume: 503.32K

Last Updated:

Nov 22, 2024, 12:24 PM EDT

Company Overview: hormel foods corp. - HRL

HRL Key Data

Open

$30.65

Day Range

30.56 - 30.87

52 Week Range

28.51 - 36.86

Market Cap

$16.73B

Shares Outstanding

548.36M

Public Float

290.54M

Beta

0.25

Rev. Per Employee

N/A

P/E Ratio

21.43

EPS

$1.43

Yield

370.49%

Dividend

$0.28

EX-DIVIDEND DATE

Oct 15, 2024

SHORT INTEREST

N/A

AVERAGE VOLUME

2.20M

 

HRL Performance

1 Week
 
4.42%
 
1 Month
 
-1.80%
 
3 Months
 
-4.33%
 
1 Year
 
-6.78%
 
5 Years
 
-27.91%
 

HRL Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 13
Full Ratings ➔

About hormel foods corp. - HRL

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.

HRL At a Glance

Hormel Foods Corp.
1 Hormel Place
Austin, Minnesota 55912-3680
Phone 1-507-437-5611 Revenue 12.11B
Industry Food: Meat/Fish/Dairy Net Income 793.57M
Sector Consumer Non-Durables Employees 20,000
Fiscal Year-end 10 / 2024
View SEC Filings

HRL Valuation

P/E Current 21.229
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 21.716
Price to Sales Ratio 1.423
Price to Book Ratio 2.218
Price to Cash Flow Ratio 16.446
Enterprise Value to EBITDA 15.155
Enterprise Value to Sales 1.646
Total Debt to Enterprise Value 0.173

HRL Efficiency

Revenue/Employee 605,500.50
Income Per Employee 39,678.65
Receivables Turnover 14.685
Total Asset Turnover 0.905

HRL Liquidity

Current Ratio 1.426
Quick Ratio 0.699
Cash Ratio 0.326

HRL Profitability

Gross Margin 16.547
Operating Margin 8.767
Pretax Margin 8.369
Net Margin 6.553
Return on Assets 5.932
Return on Equity 10.394
Return on Total Capital 7.098
Return on Invested Capital 7.528

HRL Capital Structure

Total Debt to Total Equity 44.535
Total Debt to Total Capital 30.813
Total Debt to Total Assets 25.614
Long-Term Debt to Equity 31.907
Long-Term Debt to Total Capital 22.076
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Hormel Foods Corp. - HRL

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
9.61B 11.39B 12.46B 12.11B
Sales Growth
+1.17% +18.50% +9.42% -2.80%
Cost of Goods Sold (COGS) incl D&A
7.76B 9.43B 10.33B 10.11B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
205.78M 228.41M 262.75M 253.31M
Depreciation
165.72M 183.77M 213.03M 227.33M
Amortization of Intangibles
40.06M 44.63M 49.73M 25.98M
COGS Growth
+1.86% +21.53% +9.56% -2.16%
Gross Income
1.85B 1.96B 2.13B 2.00B
Gross Income Growth
-1.62% +5.81% +8.76% -5.91%
Gross Profit Margin
+19.26% +17.20% +17.09% +16.55%
2020 2021 2022 2023 5-year trend
SG&A Expense
761.32M 822.77M 879.26M 942.17M
Research & Development
31.90M 33.60M 34.70M 33.70M
Other SG&A
729.41M 789.17M 844.57M 908.47M
SGA Growth
+7.06% +8.07% +6.87% +7.15%
Other Operating Expense
- - - -
-
Unusual Expense
(13.19M) 92.28M 23.49M 46.06M
EBIT after Unusual Expense
1.10B 1.04B 1.23B 1.02B
Non Operating Income/Expense
33.33M 126.43M 113.78M 59.80M
Non-Operating Interest Income
35.60M 46.88M 28.01M 14.83M
Equity in Earnings of Affiliates
35.57M 47.76M 27.18M 42.75M
Interest Expense
21.07M 43.31M 62.51M 61.89M
Interest Expense Growth
+16.60% +105.54% +44.34% -0.99%
Gross Interest Expense
21.07M 43.31M 62.51M 61.89M
Interest Capitalized
- - - -
-
Pretax Income
1.11B 1.13B 1.28B 1.01B
Pretax Income Growth
-7.85% +1.02% +13.49% -20.70%
Pretax Margin
+11.60% +9.89% +10.26% +8.37%
Income Tax
206.39M 217.03M 277.88M 220.55M
Income Tax - Current - Domestic
156.06M 179.27M 87.69M 181.18M
Income Tax - Current - Foreign
18.29M 9.08M 13.19M 7.58M
Income Tax - Deferred - Domestic
39.34M 25.73M 177.73M 31.82M
Income Tax - Deferred - Foreign
(7.31M) 2.95M (729.00K) (29.00K)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
35.57M 47.76M 27.18M 42.75M
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
908.35M 909.14M 1.00B 792.92M
Minority Interest Expense
272.00K 301.00K 239.00K (653.00K)
Net Income
908.08M 908.84M 999.99M 793.57M
Net Income Growth
-7.23% +0.08% +10.03% -20.64%
Net Margin Growth
+9.45% +7.98% +8.03% +6.55%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
908.08M 908.84M 999.99M 793.57M
Preferred Dividends
- - - -
-
Net Income Available to Common
908.08M 908.84M 999.99M 793.57M
EPS (Basic)
1.6879 1.6796 1.8351 1.4523
EPS (Basic) Growth
-7.82% -0.49% +9.26% -20.86%
Basic Shares Outstanding
538.01M 541.11M 544.92M 546.42M
EPS (Diluted)
1.6614 1.6597 1.8196 1.4455
EPS (Diluted) Growth
-7.45% -0.10% +9.63% -20.56%
Diluted Shares Outstanding
546.59M 547.58M 549.57M 548.98M
EBITDA
1.30B 1.36B 1.51B 1.31B
EBITDA Growth
-3.01% +5.30% +10.95% -13.09%
EBITDA Margin
+13.48% +11.98% +12.14% +10.86%

Snapshot

Average Recommendation HOLD Average Target Price 33.333
Number of Ratings 13 Current Quarters Estimate 0.408
FY Report Date 01 / 2025 Current Year's Estimate 1.686
Last Quarter’s Earnings 0.426 Median PE on CY Estimate N/A
Year Ago Earnings 1.582 Next Fiscal Year Estimate 1.859
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 7 7 11 6
Mean Estimate 0.41 0.41 1.69 1.86
High Estimates 0.43 0.42 1.73 1.93
Low Estimate 0.39 0.39 1.63 1.72
Coefficient of Variance 3.58 2.37 1.98 4.41

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 1 1 2
OVERWEIGHT 0 0 0
HOLD 9 9 11
UNDERWEIGHT 2 2 1
SELL 1 1 1
MEAN Hold Hold Hold

Insider Actions for Hormel Foods Corp. - HRL

Date Name Shares Transaction Value
Oct 1, 2024 Steven J. Lykken GROUP VICE PRESIDENT N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Oct 1, 2024 Steven J. Lykken GROUP VICE PRESIDENT 30,589 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.91 per share 976,094.99
Oct 1, 2024 Steven J. Lykken GROUP VICE PRESIDENT 40,389 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $26.38 per share 1,065,461.82
Sep 19, 2024 Steven A. White Director 41,942 Bona fide gift 0.00
Sep 19, 2024 Steven A. White Director 29,919 Bona fide gift 0.00
Jun 28, 2024 Larson Katherine M Losness SENIOR VICE PRESIDENT N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 28, 2024 Larson Katherine M Losness SENIOR VICE PRESIDENT 20,726 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $26.38 per share 546,751.88
Jun 28, 2024 Larson Katherine M Losness SENIOR VICE PRESIDENT 15,075 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $30.22 per share 455,566.50
Jun 28, 2024 Larson Katherine M Losness SENIOR VICE PRESIDENT 15,905 Open market or private purchase of non-derivative security Non-derivative transaction at $30.12 per share 479,058.60
Jun 14, 2024 Katie Clark SVP & Chief Communications Off 6,118 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 Katie Clark SVP & Chief Communications Off 6,400 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 Colleen R. Batcheler SVP, External Affiars & GC 40,100 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 Colleen R. Batcheler SVP, External Affiars & GC 12,562 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 Colleen R. Batcheler SVP, External Affiars & GC 4,894 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 14, 2024 Katie Clark SVP & Chief Communications Off 4,894 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 4, 2024 Jacinth C. Smiley EXECUTIVE VP & CFO 50,831 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $30.98 per share 1,574,744.38
Apr 4, 2024 Elsa A. Murano Director 94,583 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $35.13 per share 3,322,700.79
Apr 4, 2024 Mark Ourada GROUP VICE PRESIDENT N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 4, 2024 Mark Ourada GROUP VICE PRESIDENT 28,050 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $35.5 per share 995,775.00
Apr 4, 2024 Mark Ourada GROUP VICE PRESIDENT 41,850 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $26.38 per share 1,104,003.00

Hormel Foods Corp. in the News