Hormel Foods Corp. (NYSE: HRL) has a price-to-earnings ratio that is above its average at 20.37x. and a 36-month beta value of 0.26. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 2 as “sell.”

The average price predicted for Hormel Foods Corp. (HRL) by analysts is $34.61, which is $2.09 above the current market price. The public float for HRL is 288.32M, and at present, short sellers hold a 4.51% of that float. On November 20, 2023, the average trading volume of HRL was 2.94M shares.

HRL) stock’s latest price update

Hormel Foods Corp. (NYSE: HRL)’s stock price has plunge by -0.43relation to previous closing price of 32.66. Nevertheless, the company has seen a 0.06% surge in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-11 that It’s time to start thinking about Thanksgiving stocks. Thanksgiving is both one of the country’s most celebrated holidays and also an important economic moment.

HRL’s Market Performance

Hormel Foods Corp. (HRL) has experienced a 0.06% rise in stock performance for the past week, with a 2.20% rise in the past month, and a -16.49% drop in the past quarter. The volatility ratio for the week is 1.51%, and the volatility levels for the past 30 days are at 1.74% for HRL. The simple moving average for the past 20 days is 0.78% for HRL’s stock, with a -16.89% simple moving average for the past 200 days.

HRL Trading at -6.92% 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 -34.61% of loss for the given period.

Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares surge +3.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.39% lower at present.

During the last 5 trading sessions, HRL rose by +0.06%, which changed the moving average for the period of 200-days by -28.28% in comparison to the 20-day moving average, which settled at $32.32. In addition, Hormel Foods Corp. saw -28.61% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HRL starting from Myers Kevin L, who sale 5,200 shares at the price of $30.93 back on Oct 13. After this action, Myers Kevin L now owns 38,937 shares of Hormel Foods Corp., valued at $160,855 using the latest closing price.

Lilly Pierre M, the SVP & CHIEF COMPLIANCE OFFICER of Hormel Foods Corp., purchase 1,454 shares at $37.25 during a trade that took place back on Sep 06, which means that Lilly Pierre M is holding 1,454 shares at $54,153 based on the most recent closing price.

Stock Fundamentals for HRL

Current profitability levels for the company are sitting at:

• +10.04 for the present operating margin
• +17.09 for the gross margin

The net margin for Hormel Foods Corp. stands at +8.03. The total capital return value is set at 11.74, while invested capital returns managed to touch 9.42. Equity return is now at value 11.64, with 6.61 for asset returns.

Based on Hormel Foods Corp. (HRL), the company’s capital structure generated 44.80 points at debt to equity in total, while total debt to capital is 30.94. Total debt to assets is 25.37, with long-term debt to equity ratio resting at 44.41. Finally, the long-term debt to capital ratio is 30.67.

When we switch over and look at the enterprise to sales, we see a ratio of 1.65, with the company’s debt to enterprise value settled at 0.12. The receivables turnover for the company is 14.01 and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.47.

Conclusion

To sum up, Hormel Foods Corp. (HRL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.