Hormel Foods Corporation (HRL)
Consumer Staples5 articles
Price chart
Why is HRL moving today?
+1.0%HRL is +1.0% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of just now
Hormel Foods Corporation (HRL) overview
Hormel Foods is a packaged-meats company behind Spam and Skippy.
HRL is a member of the S&P 500. It sits in the Consumer Staples sector. That sector covers food, beverage and household-goods companies that tend to hold up in any economy.
Hormel Foods Corporation trades on the NYSE under the ticker symbol HRL. The most recent market data puts the share price at about $20.40. That is up 1.02% on the session. At that price the company is worth roughly $11.22B.
Over the past 52 weeks, HRL has traded between $18.96 and $26.60. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 32.9. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. HRL also pays a dividend. It yields around 5.79% at the current price.
Key statistics
Source: Yahoo Finance - quote as of just now
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch HRL
HRL is one of the larger names in the Consumer Staples sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each HRL story as it breaks, and tags it bullish, bearish or neutral.
What moves HRL
- Earnings. HRL reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from HRL.
- Sector news. Consumer Staples stocks often move together, so a rival's news can move HRL too.
Market Mood
Latest HRL news
S&P Downgrades Hormel Foods (HRL) Outlook Due to High Leverage
S&P Global has downgraded the outlook for Hormel Foods (HRL) due to concerns over high leverage. The company is facing increased debt levels, which could impact its financial stability and operational flexibility. This rating action is noteworthy as it may affect Hormel's cost of borrowing and investor confidence. A downgrade can signal potential risk, influencing market perception and stock performance, making it essential for investors to monitor the company's debt management and future earnings.
Read More: S&P Downgrades Hormel Foods (HRL) Outlook Due to High Leverage
Hormel Foods (HRL) Cuts Annual Sales Forecast Amid Weak Demand
Hormel Foods (HRL) has reduced its annual sales forecast due to sluggish consumer demand. The company anticipates revenue to fall between $12.1 billion and $12.2 billion for the fiscal year, down from previous estimates of $12.2 billion to $12.5 billion. This adjustment reflects broader concerns about consumer spending trends as inflation continues to impact budgets. The revised outlook may lead investors to reevaluate their expectations for Hormel's performance in the coming quarters.
Read More: Hormel Foods (HRL) Cuts Annual Sales Forecast Amid Weak Demand
Hormel Foods (HRL) Sells Brazilian Operations for Strategic Focus
Hormel Foods (HRL) announced the sale of its Brazilian operations to Zanchetta Alimentos. This transaction allows Hormel to concentrate on core markets and streamline its product offerings. The financial terms of the deal were not disclosed. This strategic move is expected to enhance Hormel's operational efficiency and focus on expanding its presence in key markets, which could potentially influence its stock performance in the future.
Read More: Hormel Foods (HRL) Sells Brazilian Operations for Strategic Focus
UPS (NYSE: UPS) and HRL (NYSE: HRL) Dividend Yields Near 6.5%
United Parcel Service (UPS) shares are currently 50% below their 2022 high and focus on improving profit margins by moving away from low-margin customers like Amazon (AMZN). The company's U.S. revenue per piece is growing, and it plans to continue its 6.5% dividend yield as management anticipates a turnaround by the second half of 2026. Hormel Foods (HRL) shares are down 60% from their 2022 high, but organic growth is showing improvement, and it maintains a 5.6% dividend yield. Both companies are positioned to weather economic uncertainties with sustainable income streams.
Read More: UPS (NYSE: UPS) and HRL (NYSE: HRL) Dividend Yields Near 6.5%
Post Holdings (POST) and 6 Cheap Stocks for $1,000 Investment
In a volatile market, companies like Post Holdings (POST), Utz Brands (UTZ), and Hormel Foods (HRL) are highlighted as potential investment opportunities. Each company has unique strengths: POST focuses on both branded cereals and foodservice stability, while UTZ is streamlining its portfolio to enhance performance. Hormel Foods (HRL) boasts a history as a 'Dividend King,' with 60 consecutive years of dividend increases. These stocks may offer resilience and potential growth, presenting attractive entry points for investors with a long-term outlook amidst market fluctuations.
Read More: Post Holdings (POST) and 6 Cheap Stocks for $1,000 InvestmentMore Consumer Staples stocks
Frequently asked questions
Is Hormel Foods Corporation in the S&P 500?
Yes. Hormel Foods Corporation trades as HRL and is a member of the S&P 500. The index lists it in the Consumer Staples sector.
What sector is HRL in?
HRL sits in the Consumer Staples sector of the S&P 500.
Where can I find the latest HRL news?
Right here. This page collects recent HRL news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Hormel Foods Corporation's stock price?
HRL last traded at about $20.40. Prices move all through the session, so this is the latest quote rather than a live one.
What is Hormel Foods Corporation's market cap?
HRL is worth roughly $11.22B. Market cap is the share price times the number of shares outstanding.
What is HRL's P/E ratio?
HRL trades at a trailing P/E ratio of about 32.9. The ratio compares the share price with earnings per share over the past year.