Hormel Foods stock: buy or sell?
December 6th, 2019
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?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading plan that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
These 2 buy setups match with Hormel Foods stock now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Hormel Foods stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 5 ratings published for HRL stock in the last 30 days. The general sentiment of these ratings is bearish for HRL stock, with 2 negative ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-4-23||JPMorgan Chase & Co.||Neutral||Underweight|
|2019-4-23||Goldman Sachs Group||Neutral||Sell|
|2019-2-21||Jefferies Financial Group||n/a||Hold|
Hormel Foods stock analysis
Shares of Hormel Foods closed today at $45.34 after marking a new all time high ($45.84) even it couldn't close with gains and depreciated a lame -0.92%.
Even closing lower ($45.34, -0.92%), Hormel Foods touched new all time high at $45.84. Since price and SMA200d lines crossed up on Nov/4, HRL climbed $4.08 (9.89%). Since last October when SMA100d and SMA200d crossed up, HRL price gained $2.48 per share (5.79%). From a daily perspective, HRL is in a short term uptrend after plotting its last bottom ($41.33, on November 12th) higher than the previous bottom, and its last top ($45.79, on Dec 4th) also over the previous top. Now trading in between its last bottom and last top HRL might consolidate in a plain range, waiting to break out over $45.79 or down under $41.33.
Hormel Foods gained 1.82% this week and touched a new all time high at $45.84.
Since price and SMA40w lines crossed up early November, HRL climbed $4.08 (9.89%). Since SMA20d and SMA40w crossed up late September, HRL price climbed $2.02 per share (4.66%).
Hormel Foods stock price history
Hormel Foods stock went public on July 15th, 1985 with a price of $0.001. Since then, HRL stock grew a inf%, with an average of inf% per year. If you had invested right after HRL's IPO a $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 today with a price of $45.84.
Hormel Foods stock price target is $44.00Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' HRL stock price predictions in the hope that they will be met as they may be wrong and not met. Currently, only 1 price forecast for Hormel Foods stock was published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-2-21||Jefferies Financial Group||Reiterates||n/a||$44.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Hormel Foods matched the forecasts of the analysts and posted an EPS of $0.44 per share. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Hormel Foods annual sales raised a beatiful 4.13% to $9,545.70 M USD from $9,167.52 marked in 2017. However, its income margin (compared to revenues) inched to 10.60%, that is $1,012.14 million. To have an up to date picture of the financial situation of Hormel Foods, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Hormel Foods TTM sales up to January 2019 were $9,574.76 and earnings were $950.46 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem Hormel Foods business evolution since October 2018: Annual turnover up to January, compared to lastest yearly report, stayed constant a neutral 0.30%. Regarding profit margin, Hormel Foods remained steady -0.68% to 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 reported $2,360.35 M in revenues for 2019-Q1, a -6.51% less compared to previous quarter. Reported quarter income marked $241.43 M with a profit margin of 10.23%. Profit margin stayed steady 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 growth 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 buy a stock, it's always worth to overview its ownership structure.
Hormel Foods shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 48.21% of all shares.
In case of Hormel Foods stock, 45.33% 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.
For a better context understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$24.2 B||$7.0 B||$14.0 B||$8.1 B||$5.0 B|
|Total shares||534.0 M||811.8 M||486.7 M||249.6 M||1.2 M|
|Float shares||275.4 M||762.0 M||484.9 M||53.1 M||0.3 M|
|- Institutional holdings (%)||45.3%||11.0%||90.7%||19.6%||19.1%|
|- Insider holdings (%)||48.2%||0.0%||0.9%||78.7%||78.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
Hormel Foods summary
|Friday, December 6th, 2019|
|Day range||$45.32 - $45.84|
|Average true range||$0.82|
|50d mov avg||$42.35|
|100d mov avg||$42.11|
|200d mov avg||$41.46|
Hormel Foods performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Hormel Foods against BRF, ConAgra Brands, Pilgrim's Pride, Seaboard and Tyson Foods in the following table:
Hormel Foods competitorsWe selected a few stocks to conform a list of Hormel Foods competitors to check if you are interested in investing in HRL:
Latest Hormel Foods stock news
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- 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