On August 04, 2022, Hormel Foods Corporation (NYSE: HRL) opened at $49.22, lower -0.85% from the last session. During the day, the shares moved up to $49.58 and dropped to $48.80 before settling in for the closing price of $49.35. Price fluctuations for HRL have ranged from $40.48 to $55.11 over the past 52 weeks.
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Annual sales at Consumer Defensive sector company grew by 3.60% over the past five years. Company’s average yearly earnings per share was noted -0.10% at the time writing. With a float of $287.05 million, this company’s outstanding shares have now reached $544.70 million.
Let’s look at the performance matrix of the company that is accounted for 20000 employees. In terms of profitability, gross margin is +17.20, operating margin of +9.97, and the pretax margin is +9.89.
Hormel Foods Corporation (HRL) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Packaged Foods industry is another important factor to consider. The insider ownership of Hormel Foods Corporation is 47.20%, while institutional ownership is 41.60%. The most recent insider transaction that took place on Jun 23, was worth 97,633. In this transaction Director of this company sold 2,110 shares at a rate of $46.27, taking the stock ownership to the 85,254 shares. Before that another transaction happened on Jun 07, when Company’s SENIOR VICE PRESIDENT sold 5,000 for $45.07, making the entire transaction worth $225,334. This insider now owns 32,869 shares in total.
Hormel Foods Corporation (HRL) Latest Financial update
If we go through the results of last quarter, which was made public on 4/29/2022, the company posted $0.48 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.47) by $0.01. This company achieved a net margin of +7.98 while generating a return on equity of 13.57. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.60% during the next five years compared to 0.20% growth over the previous five years of trading.
Hormel Foods Corporation (NYSE: HRL) Trading Performance Indicators
Check out the current performance indicators for Hormel Foods Corporation (HRL). In the past quarter, the stock posted a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.10. Likewise, its price to free cash flow for the trailing twelve months is 64.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.75, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.06 in one year’s time.
Technical Analysis of Hormel Foods Corporation (HRL)
Hormel Foods Corporation (NYSE: HRL) saw its 5-day average volume 1.36 million, a negative change from its year-to-date volume of 1.9 million. As of the previous 9 days, the stock’s Stochastic %D was 78.05%. Additionally, its Average True Range was 0.75.
During the past 100 days, Hormel Foods Corporation’s (HRL) raw stochastic average was set at 43.30%, which indicates a significant decrease from 69.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.11% in the past 14 days, which was lower than the 23.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $47.33, while its 200-day Moving Average is $47.95. Nevertheless, the first resistance level for the watch stands at $49.41 in the near term. At $49.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $50.19. If the price goes on to break the first support level at $48.63, it is likely to go to the next support level at $48.32. The third support level lies at $47.85 if the price breaches the second support level.
Hormel Foods Corporation (NYSE: HRL) Key Stats
There are currently 546,056K shares outstanding in the company with a market cap of 26.13 billion. Presently, the company’s annual sales total 11,386 M according to its annual income of 908,840 K. Last quarter, the company’s sales amounted to 3,097 M and its income totaled 261,620 K.