Hormel Foods Corporation (NYSE:HRL) went down by -0.57% from its latest closing price when compared to the 1-year high value of $52.97 and move down -4.5%, while HRL stocks collected -1.65% of loss with the last five trading sessions. MarketWatch.com reported on 08/29/20 that These ‘Dividend Aristocrat’ stocks have been raising their dividends for decades, and there have been no dividend cuts during the pandemic
Hormel Foods Corporation (NYSE:HRL) Worth an Investment?
Hormel Foods Corporation (NYSE: HRL) scored price to earnings ratio above its average ratio, recording 29.75 times of increase in earnings at the present.
HRL Market Performance
HRL stocks went down by -1.65% for the week, with the monthly drop of -0.22% and a quarterly performance of 6.34%, while its annual performance rate touched 18.32%. The simple moving average for the period of the last 20 days is -2.09% for HRL stocks with the simple moving average of 7.59% for the last 200 days.
Analysts’ Opinion on Hormel Foods Corporation (NYSE:HRL)
Many brokerage firms have already submitted their reports for HRL stocks, with Argus repeating the rating for HRL shares by setting it to “Buy”. The predicted price for HRL socks in the upcoming period according to Argus is $77 based on the research report published on July 17, 2020.
Piper Sandler, on the other hand, stated in their research note that they expect to see HRL stock at the price of $47, previously predicting the value of $48. The rating they have provided for HRL stocks is “Neutral” according to the report published on April 29, 2020.
Goldman gave “ Neutral” rating to HRL stocks, setting the target price at $45 in the report published on March 26, 2020.
HRL Stocks 1.09% Far from 50 Day Moving Average
After a stumble in the market that brought HRL to its low price for the period of the last 52 weeks, Hormel Foods Corporation was unable to take a rebound, for now settling with -4.30% of loss for the given period.
The stock volatility was left at 1.59%, however, within the period of a single month, the volatility rate increased by 1.94%, while the shares sank at the distance of -0.86% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +4.75% upper at the present time.
In the course of the last 5 trading sessions, HRL went down by -1.65%, which changed the moving average for the period of 200 days to the total of +20.03% of gains for the stock in comparison to the 20-day moving average settled at $51.75. In addition, Hormel Foods Corporation saw 12.37% in overturn over the period of a single year with a tendency to cut further gains.
HRL Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Hormel Foods Corporation (HRL), starting from Leitch Glenn R, who sold 51,796 shares at the price of $48.46 back on Jun 22. After this action, Rushing now owns 104,931 shares of Hormel Foods Corporation, valued at $2,509,982 with the latest closing price.
Murano Elsa A, the Director of Hormel Foods Corporation, sold 5,300 shares at the value of $48.81 during a trade that took place back on Jun 19, which means that Murano Elsa A is holding 94,621 shares at the value of $258,690 based on the most recent closing price.
HRL Stock Fundamentals
The current profitability levels are settled at +12.32 for the present operating margin and +19.81 for gross margin. The net margin for Hormel Foods Corporation stands at +10.31. Total capital return value is set at 18.86, while invested capital returns managed to touch 15.79. Equity return holds the value 16.30%, with 12.00% for asset returns.
Based on Hormel Foods Corporation (HRL), the company’s capital structure generated 4.22 points for debt to equity in total, while total debt to capital is set at the value of 4.05. Total debt to assets is settled at the value of 3.00 with long-term debt to equity ratio rests at 64.75 and long-term debt to capital is 4.22.
The value for Enterprise to Sales is 2.28 with debt to enterprise value settled at 0.01. The receivables turnover for Hormel Foods Corporation is 15.85 with the total asset turnover at the value of 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.14.