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Realtime updates for Hormel Foods Corp [HRL]

Exchange: NYSE Sector: Consumer Defensive Industry: Packaged Foods

Last Updated17 May 2024 @ 16:00

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0.61% $ 36.31

Live Chart Being Loaded With Signals

Commentary (17 May 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	2.89M
Average Volume	2.82M
Market Cap	19.89B
EPS	$0 ( 2024-03-07 )
Next earnings date	( $0.360 ) 2024-05-30
Last Dividend	$0.283 ( 2024-01-12 )
Next Dividend	$0 ( N/A )
P/E	25.04
ATR14	$0.0180 (0.05%)

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: 0.66 (moderate)

Short: 0.98 (very strong)

Signal:(75.331) Expect same movement, but be aware

Hormel Foods Corp Correlation

10 Most Positive Correlations

10 Most Negative Correlations

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

0.15
( neutral )

0.01
( neutral )

0.00
( neutral )

0.56
( weak )

-0.02
( neutral )

0.38
( neutral )

Hormel Foods Corp Financials

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

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

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

FY	2022
Revenue:	$12.46B
Gross Profit:	$2.16B (17.37 %)
EPS:	$1.840

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: 7.12 - Increase likely (42.32%)

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	5.91	--
Div. Sustainability Score	10.00
Div.Growth Potential Score	7.12
Div. Directional Score	8.79	--

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

$0.286 Estimate 62.50 %

Dividend Stability

1.00 Excellent

Dividend Score

5.91

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. Furthermore, its high Dividend Growth Potential Score (DGPS) signals potential dividend growth. 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 King	2023-06-30	Quarterly	2	5.23%	8.53
PDI	Dividend Royal	2023-11-10	Monthly	13	7.86%	8.50
ORC	Dividend Royal	2023-11-29	Monthly	12	9.23%	8.50
JQC	Dividend Royal	2023-11-14	Monthly	22	6.56%	8.50
NCV	Dividend Royal	2024-02-09	Monthly	22	7.68%	8.50
MTR	Dividend Royal	2023-10-30	Monthly	39	10.10%	8.50
ZTR	Dividend King	2024-02-09	Monthly	37	8.35%	8.50
PHK	Dividend Royal	2023-11-10	Monthly	22	6.88%	8.50
SBR	Dividend Royal	2023-11-14	Monthly	38	7.74%	8.50
SCM	Dividend Royal	2023-12-15	Monthly	13	7.08%	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	24.99	1.000	7.58	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	3.07	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	3.80	1.500	10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.103	1.000	9.93	0	[0.1 - 0.5]
Total Score				7.12

Hormel Foods Corp Options Data

Calls

Contract Name	Last Trade Date (EDT)	Strike	Last Price	Bid	Ask	Change	% Change	Volume	Open Interest	Implied Volatility	Strike Date
No data available

Puts

Contract Name	Last Trade Date (EDT)	Strike	Last Price	Bid	Ask	Change	% Change	Volume	Open Interest	Implied Volatility	Strike Date
No data available

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.

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