Hormel Foods Corporation (HRL): A brief note on last quarter


Hormel Foods Corporation (NYSE:HRL) changes shares on Tuesday trading session, with a change of -1.63% or -$0.79 shares. The trading starts at $48.67 and closed at $48.39 throughout the day. The trading session low price was $47.57 and day high was $48.67 on Tuesday, June 23. After the session, the Consumer Defensive sector daily volume shifted to 1.46 million while its average volume is 2.67M. In other hand, the HRL market cap reached to $25.44B. While, its current target price is $47.60 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.42% and up 1.43% for month. Its quarterly performance was 6.13% above, while its half year performance is up 5.87%. HRL yearly performance stood at positive 12.96% and rise 5.52% for year-to-date. Current recommendation for Hormel Foods Corporation is 3.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. HRL EPS (TTM) for 12-month is 1.70. EPS for this year is 4.00%, while for the next year its value is 1.82. Sales growth for the current quarter is 6.67 while its EPS Q/Q reached -19.40%. It has an EPS of 10.00% up for past five years and for the next five years will be up 4.20%.

Let’s take a look on the analyst recommendations on HRL for the current month and previous month. For the current month, 0 of 12 analysts recommend stock as Buy while 2 as Sell, 0 as overweight, 1 as underweight and 9 as Hold. As compared with the previous month ratings, 12 analysts participate in stock recommendation. Out of 12, 1 rated it sell, 1 rated it as Buy and 8 as Hold Ratings. On the other hand, target price ranges from $38.00-$47.00. Average target price for HRL was reached at $43.50.

Vanguard Group, Inc. (The), Blackrock Inc. and State Street Corporation are the top three holders in Hormel Foods Corporation (HRL) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 35.55 million shares which valued 1.66 billion. On Mar 30, 2020, Blackrock Inc. owned 29.83 million shares which valued at 1.39 billion. On Mar 30, 2020, State Street Corporation has a total of 28.22 million shares which valued at 1.32 billion. In the end, State Street Corporation have 5.24% shares outstanding of Hormel Foods Corporation (HRL) on Mar 30, 2020. The insider ownership moved to 0.20% and institutional holding shifted to 44.90%.

The company posted an EPS (TTM) of 1.70. According to the most recent quarter report on (Jul 2020), 11 analysts estimated an average EPS of 0.34, while 0.37 EPS posted a year ago period. Analyst Estimated EPS for HRL published in the report was 0.27-0.4 during the same period. Comparing with last year, the average estimated EPS was 0.37 which is lower than 0.42 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for HRL rise 5.41% for period of 200 days. SMA for 50 days was -0.31% which is showing red signal, while SMA-20 was -0.44%. The moving average value for Hormel Foods Corporation (HRL) is 46.38 and 47.60 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in HRL stock. On Jun 19, Murano Elsa A, Director, sold 5,300 trading shares at the cost of $48.81, which valued at 0.26 million. On Jun 10, NESTEGARD SUSAN K, Director, sold 3,445 shares at the cost of $48.21, with total shares of 103,577. On Jun 08, SPLINTER JAMES M, Group Vice President, sold 40,000 shares at the cost of 47.53. After this transaction, SPLINTER JAMES M total shares reached to 121,916 which valued at 1.9 million.