Hormel Foods Corporation (NYSE:HRL) went up by 0.93% from its latest closing price compared to the recent 1-year high of $52.51. The company’s stock price has collected 2.52% of gains in the last five trading sessions. MarketWatch.com reported on 10/11/21 that JPMorgan downgrades Conagra and upgrades Hormel, as inflation fears should keep investors in many large food companies on the sidelines
Is It Worth Investing in Hormel Foods Corporation (NYSE :HRL) Right Now?
Hormel Foods Corporation (NYSE:HRL) scored a price-to-earnings ratio above its average ratio, recording 26.90 x from its present earnings ratio. Plus, the 36-month beta value for HRL is at -0.02. Opinions of the stock are interesting as 0 analysts out of 13 who provided ratings for Hormel Foods Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 11 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $45.56, which is $3.25 above the current price. HRL currently public float of 284.45M and currently shorts hold a 5.32% ratio of that float. Today, the average trading volume of HRL was 2.04M shares.
HRL’s Market Performance
HRL stocks went up by 2.52% for the week, with a monthly drop of -0.87% and a quarterly performance of -10.38%, while its annual performance rate touched -15.55%. The volatility ratio for the week stands at 1.55% while the volatility levels for the past 30 days are set at 1.63% for Hormel Foods Corporation. The simple moving average for the period of the last 20 days is 2.20% for HRL stocks with a simple moving average of -8.96% for the last 200 days.
Analysts’ Opinion of HRL
Many brokerage firms have already submitted their reports for HRL stocks, with JP Morgan repeating the rating for HRL by listing it as a “Neutral.” The predicted price for HRL in the upcoming period, according to JP Morgan is $42 based on the research report published on October 08th of the current year 2021.
HRL Trading at -2.95% from the 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, the company was unable to rebound, for now settling with -19.42% of loss for the given period.
Volatility was left at 1.63%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares sank -0.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.19% lower at present.
During the last 5 trading sessions, HRL rose by +2.52%, which changed the moving average for the period of 200-days by -10.30% in comparison to the 20-day moving average, which settled at $41.40. In addition, Hormel Foods Corporation saw -9.23% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at HRL starting from LYKKEN STEVEN J, who sale 22,600 shares at the price of $47.61 back on Jul 01. After this action, LYKKEN STEVEN J now owns 5,396 shares of Hormel Foods Corporation, valued at $1,076,001 using the latest closing price.
NESTEGARD SUSAN K, the Director of Hormel Foods Corporation, sale 16,470 shares at $48.51 during a trade that took place back on Jun 11, which means that NESTEGARD SUSAN K is holding 90,901 shares at $799,037 based on the most recent closing price.
Stock Fundamentals for HRL
Current profitability levels for the company are sitting at:
- +11.34 for the present operating margin
- +19.26 for the gross margin
The net margin for Hormel Foods Corporation stands at +9.45. The total capital return value is set at 15.60, while invested capital returns managed to touch 13.27. Equity return is now at value 13.00, with 8.20 for asset returns.
Based on Hormel Foods Corporation (HRL), the company’s capital structure generated 21.15 points at debt to equity in total, while total debt to capital is 17.46. Total debt to assets is 13.71, with long-term debt to equity ratio resting at 16.93. Finally, the long-term debt to capital ratio is 13.98.
When we switch over and look at the enterprise to sales, we see a ratio of 2.78, with the company’s debt to enterprise value settled at 0.05. The receivables turnover for the company is 14.36 and the total asset turnover is 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.38.