Hormel Foods Corp. (NYSE: HRL): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

HRL belongs to the Consumer Defensive sector of the NYSE while operating in the Packaged Foods industry. The current market capitalization of Hormel Foods Corp. is $17.77B. A total of 1.7 million shares were traded on the day, compared to an average of 2.22M shares.

In the most recent transaction, Brady Deanna T sold 51,600 shares of HRL for 31.95 per share on Sep 13 ’24. After the transaction, the EXECUTIVE VICE PRESIDENT now owns 72,421 company shares. In a previous transaction on Sep 16 ’24, Myers Kevin L bought 10,000 shares at 32.70 per share.

Among the insiders who bought shares, Brady Deanna T acquired of 51,600 shares on Sep 13 ’24 at a per-share price of $31.96. In another insider transaction, Losness-Larson Katherine M bought 830 shares at $30.12 per share on Jun 27 ’24. Company shares held by the SENIOR VICE PRESIDENT now total 15,905.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Hormel Foods Corp. pays an annual dividend of $1.12, resulting in a dividend yield of 3.46%, and it has a price to earnings (P/E) ratio of 22.76. HRL’s most recent ex-dividend date was 7/15/2024 when it declared a $0.2825 quarterly dividend that was paid in cash on 8/15/2024. Previously, the company paid the dividend on 5/15/2024 with an ex-dividend date of 4/12/2024. The HRL stock dividend was $0.2825 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, HRL has a high of $39.58 and a low of $28.51.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HRL’s latest balance sheet shows that the firm has $634.69M in Cash & Short Term Investments as of fiscal 2021. There were $3.32B in debt and $1.42B in liabilities at the time. Its Book Value Per Share was $14.35, while its Total Shareholder’s Equity was $6.98B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HRL is Buy with a score of 2.89.

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