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Commentary (25 Apr 2024 @ 16:00):

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally...

Stats
Today's Volume	1.69M
Average Volume	3.22M
Market Cap	19.32B
EPS	$0 ( 2024-03-07 )
Next earnings date	( $0.360 ) 2024-06-06
Last Dividend	$0.283 ( 2024-01-12 )
Next Dividend	$0 ( N/A )
P/E	24.32
ATR14	$0.0150 (0.04%)

Insider Trading

Date	Person	Action	Amount	type
2024-04-02	Murano Elsa A	Sell	4 300	Common Stock
2024-04-02	Ourada Mark J	Buy	13 800	Common Stock
2024-04-02	Ourada Mark J	Sell	13 800	Common Stock
2024-04-02	Ourada Mark J	Sell	13 800	Stock Options (Right to Buy)
2024-03-31	Bhojwani Gary C	Buy	1 730	Common Stock

INSIDER POWER
44.68
Last 98 transactions
Buy: 983 468 \| Sell: 374 538

Volume Correlation

Long: 0.17 (neutral)

Short: -0.87 (strong negative)

Signal:(43.781) Neutral

Hormel Foods Corp Correlation

10 Most Positive Correlations
CFX	0.951
PVL	0.944
EQC	0.942
FPI	0.94
WEI	0.926
GWH	0.925
LL	0.922
HFRO	0.917
DG	0.913
LUMN	0.912

10 Most Negative Correlations
AMAM	-0.944
FPAC	-0.93
IVH	-0.929
MTRN	-0.929
ESM-UN	-0.926
FPAC-UN	-0.926
IOT	-0.925
UVE	-0.924
VCRA	-0.917
CHAA	-0.916

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Hormel Foods Corp Correlation - Currency/Commodity

-0.54
( weak negative )

-0.62
( weak negative )

0.00
( neutral )

-0.41
( neutral )

0.58
( weak )

Hormel Foods Corp Financials

Annual	2023
Revenue:	$12.11B
Gross Profit:	$2.00B (16.51 %)
EPS:	$1.450

Q1	2024
Revenue:	$3.00B
Gross Profit:	$528.34M (17.63 %)
EPS:	$0.400

Q4	2023
Revenue:	$3.20B
Gross Profit:	$514.42M (16.09 %)
EPS:	$0.360

Q4	2023
Revenue:	$3.20B
Gross Profit:	$514.42M (16.09 %)
EPS:	$0.360

Financial Reports:

No articles found.

Hormel Foods Corp Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
$0.260 (N/A)	$0.260 (N/A)	$0.275 (N/A)	$0.275 (N/A)	$0.275 (N/A)	$0.550 (N/A)	$0.283 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)

Hormel Foods Corp Dividend Information - Dividend King

Dividend Sustainability Score: 10.00 - good (100.00%) | Divividend Growth Potential Score: 5.12 - Stable (2.41%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	$0.00469	1987-01-16
Last Dividend	$0.283	2024-01-12
Next Dividend	$0	N/A
Payout Date	2024-02-15
Next Payout Date	N/A
# dividends	151	--
Total Paid Out	$11.43	--
Avg. Dividend % Per Year	1.94%	--
Score	5.61	--
Div. Sustainability Score	10.00
Div.Growth Potential Score	5.12
Div. Directional Score	7.79	--

Next Divdend (Est)
(2024-07-01)

$0.286 Estimate 62.50 %

Dividend Stability

1.00 Excellent

Dividend Score

5.61

Pay Frequency

Quarterly

Yearly Payout

Year	Amount	Yield
1987	$0.0188	1.74%
1988	$0.0263	1.85%
1989	$0.0275	2.05%
1990	$0.0325	1.50%
1991	$0.0375	1.61%
1992	$0.0452	1.73%
1993	$0.0552	1.91%
1994	$0.0624	2.25%
1995	$0.0712	2.33%
1996	$0.0752	2.38%
1997	$0.0776	2.31%
1998	$0.0800	1.94%
1999	$0.0824	2.03%
2000	$0.0876	1.74%
2001	$0.0757	1.62%
2002	$0.0980	1.47%
2003	$0.105	1.79%
2004	$0.113	1.77%
2005	$0.130	1.70%
2006	$0.140	1.69%
2007	$0.150	1.57%
2008	$0.185	1.84%
2009	$0.190	2.41%
2010	$0.210	2.19%
2011	$0.255	1.99%
2012	$0.300	2.06%
2013	$0.340	2.12%
2014	$0.400	1.79%
2015	$0.500	1.94%
2016	$0.580	1.48%
2017	$0.680	1.93%
2018	$0.752	2.07%
2019	$0.840	2.03%
2020	$0.932	2.10%
2021	$0.980	2.12%
2022	$1.040	2.12%
2023	$1.375	3.01%
2024	$0.283	0.86%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for NYSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend	Score
LOMA	Dividend Knight	2023-06-30	Quarterly	2	5.23%	8.53
SRV	Dividend Royal	2023-12-04	Monthly	18	7.53%	8.50
VGI	Dividend Royal	2024-02-09	Monthly	13	7.36%	8.50
PHK	Dividend Royal	2023-11-10	Monthly	22	6.88%	8.50
JQC	Dividend Royal	2023-11-14	Monthly	22	6.56%	8.50
PCF	Dividend King	2023-12-18	Monthly	38	7.05%	8.50
PVL	Dividend King	2023-11-15	Monthly	14	9.37%	8.50
NCV	Dividend Royal	2024-02-09	Monthly	22	7.68%	8.50
SBR	Dividend Royal	2023-11-14	Monthly	38	7.74%	8.50
MTR	Dividend Diamond	2023-10-30	Monthly	39	10.10%	8.50

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0655	1.500	8.69	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0588	1.200	8.04	9.65	[0 - 0.3]
returnOnEquityTTM	0.103	1.500	9.97	10.00	[0.1 - 1]
payoutRatioTTM	0.757	-1.000	2.43	-2.43	[0 - 1]
currentRatioTTM	1.489	0.800	7.55	6.04	[1 - 3]
quickRatioTTM	0.767	0.800	-0.197	-0.157	[0.8 - 2.5]
cashRatioTTM	0.426	1.500	8.74	10.00	[0.2 - 2]
debtRatioTTM	0.245	-1.500	5.92	-8.87	[0 - 0.6]
interestCoverageTTM	13.47	1.000	6.12	6.12	[3 - 30]
operatingCashFlowPerShareTTM	2.28	2.00	9.24	10.00	[0 - 30]
freeCashFlowPerShareTTM	1.770	2.00	9.12	10.00	[0 - 20]
debtEquityRatioTTM	0.422	-1.500	8.31	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.167	1.000	-0.542	-0.542	[0.2 - 0.8]
operatingProfitMarginTTM	0.0882	1.000	-0.236	-0.236	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.377	1.000	9.02	9.02	[0.2 - 2]
assetTurnoverTTM	0.898	0.800	7.35	5.88	[0.5 - 2]
Total Score				10.46

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	24.50	1.000	7.63	0	[1 - 100]
returnOnEquityTTM	0.103	2.50	9.98	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	1.770	2.00	9.41	10.00	[0 - 30]
dividendYielPercentageTTM	3.13	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	2.28	2.00	9.24	10.00	[0 - 30]
payoutRatioTTM	0.757	1.500	2.43	-2.43	[0 - 1]
pegRatioTTM	-1.156	1.500	-10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.103	1.000	9.93	0	[0.1 - 0.5]
Total Score				5.12

Hormel Foods Corp

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.