Hormel Foods stock: buy or sell?
March 27th, 2020
Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other.
Should I buy Hormel Foods stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Hormel Foods stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Hormel Foods stock a buy?
Banks and financial institutions publish stock ratings everyday.Unfortunately, we couldn't find any rating for HRL stock for the last month.
Hormel Foods stock analysis
After crossing up the SMA line of 200d yesterday, Hormel Foods shares closed today at $44.96stable a 0.25%}.
After crossing up the SMA line of 200d yesterday, Hormel Foods shares closed today at $44.96 a 0.25%}. HRL is retaking the upward trend marking a new rising bottom heading to break out over $51.53. On Mar/18, HRL hit new all time highs, pushing higher previous ATH of $48.86 recorded on February/14. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
After boosting an exceptional 6.03% in a week last week, Hormel Foods closed this week at $44.96 and stayed constant a disappointing -0.35%. Late February HRL plunged a bloodcurdling -7.62% in just one week.
Not so far away is the last all-time high Hormel Foods marked last week. Last week HRL price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since late September 2019 when SMA20w and SMA40w crossed up, HRL price gained $1.87 per share (4.34%).
Hormel Foods stock price history
Hormel Foods stock went public on July 15th, 1985 with a price of $0.001. Since then, HRL stock surged a inf%, with an average of inf% per year. If you had invested $1,000 in Hormel Foods stock in 1985, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits.
Hormel Foods stock historical price chart
HRL stock reached all-time highs on Mar/18 with a price of $51.53.
Hormel Foods stock price targetHow much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price forecast for Hormel Foods stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter posting its last earnings report , Hormel Foods . As soon as we get its posted EPS from the earnings report, we will update this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Hormel Foods annual turnover gained a good 4.13% to $9,545.70 million dollars from $9,167.52 marked in 2017. Slightly worse, its earnings margin (compared to revenues) appreciated to 10.60%, that is $1,012.14 million. Hormel Foods presents anual results in October, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Hormel Foods TTM sales up to January 2019 were $9,574.76 and earnings $950.46 M USD. If we compare this TTM figures with the last reported annuality, we can esteem Hormel Foods business evolution since October 2018: Annual revenues up to January, compared to lastest yearly report, remained steady a tight 0.30%. In line, profit margin (net income/revenues) stayed stable at 10.60%.
|2013||$8,750 M||-||$526 M6.0%||-|
|2014||$9,320 M||6.51%||$603 M6.5%||14.53%|
|2014||$9,316 M||-0.04%||$603 M6.5%||0.00%|
|2015||$9,260 M||-0.60%||$686 M7.4%||13.84%|
|2015||$9,264 M||0.04%||$686 M7.4%||0.00%|
|2016||$9,520 M||2.76%||$890 M9.3%||29.73%|
|2016||$9,523 M||0.03%||$890 M9.3%||0.00%|
|2017||$9,170 M||-3.71%||$847 M9.2%||-4.87%|
|2017||$9,168 M||-0.03%||$847 M9.2%||0.00%|
|2018||$9,546 M||4.13%||$1,012 M10.6%||19.53%|
|TTM||$9,575 M||0.30%||$950 M9.9%||-6.09%|
Quarterly financial resultsHormel Foods posted $2,360.35 million in revenues for 2019-Q1, a -6.51% decline compared to previous quarter. Reported quarter income marked $241.43 million with a profit margin of 10.23%. Profit margin stayed constant a -0.13% compared to previous quarter when profit margin was 10.35%. When comparing turnover to same quarter last year, Hormel Foods sales marked a tiny increase and grew a 1.25%.
|2017-Q2||$2,190 M||-||$211 M9.6%||-|
|2017-Q3||$2,210 M||0.91%||$183 M8.3%||-13.47%|
|2017-Q4||$2,493 M||12.79%||$218 M8.8%||19.53%|
|2018-Q1||$2,331 M||-6.47%||$303 M13.0%||38.94%|
|2018-Q2||$2,331 M||-0.03%||$237 M10.2%||-21.68%|
|2018-Q3||$2,359 M||1.23%||$210 M8.9%||-11.43%|
|2018-Q4||$2,525 M||7.02%||$261 M10.4%||24.34%|
|2019-Q1||$2,360 M||-6.51%||$241 M10.2%||-7.64%|
Hormel Foods ownershipWhen you are planning to invest in a company, it's worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Hormel Foods, 48.03% of all outstanding shares are owned by its staff.
In case of Hormel Foods stock, 47.44% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for HRL stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Hormel Foods:
|Market cap||$24.2 B|
|Total shares||537.8 M|
|Float shares||279.3 M|
|- Institutional holdings (%)||47.4%|
|- Insider holdings (%)||48.0%|
|Shares in short selling||0.0%|
Hormel Foods summary
|Friday, March 27th, 2020|
|Day range||$44.11 - $46.23|
|Average true range||$3.40|
|50d mov avg||$45.57|
|100d mov avg||$44.73|
|200d mov avg||$43.02|
Hormel Foods performanceTo measure stock performance is always good to benchmark with competitors or related stocks. In the following table, we compare Hormel Foods performance to :
Hormel Foods competitorsUnfortunately, we could not find any public company that could be defined as Hormel Foods competitor. This doesn't mean Hormel Foods does not have any competitor in the market, it's just we could not detected it.
Latest Hormel Foods stock news
- InvestorPlace3 Big Stock Charts for Wednesday: Juniper Networks, Eli Lilly and Hormel FoodsMay 29, 2019
- InvestorPlace3 Big Stock Charts for Monday: Metlife, Wells Fargo and Hormel FoodsApril 15, 2019
- InvestorPlaceHormel Foods Stock Is Making a Move Up As Brands Top Grocery CategoriesMarch 31, 2019
- InvestorPlace3 Big Stock Charts for Wednesday: Hormel Foods, Albemarle and Walt DisneySeptember 12, 2018
- Seeking AlphaHormel Foods: Buying On A PullbackSeptember 5, 2018