The stock of Hormel Foods Corp. (NYSE: HRL) has increased by 0.26 when compared to last closing price of 34.89.Despite this, the company has seen a gain of 1.75% in its stock price over the last five trading days. The Motley Fool reported 2024-03-31 that Coca-Cola, PepsiCo, and Hormel are extremely alike from an investment perspective. Hormel has an under-the-radar plan to grow in one sales channel and it could lead to higher profits.
Is It Worth Investing in Hormel Foods Corp. (NYSE: HRL) Right Now?
The price-to-earnings ratio for Hormel Foods Corp. (NYSE: HRL) is above average at 24.14x, Company’s 36-month beta value is 0.26.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for HRL is 289.37M, and currently, short sellers hold a 3.68% ratio of that floaft. The average trading volume of HRL on April 02, 2024 was 3.26M shares.
HRL’s Market Performance
The stock of Hormel Foods Corp. (HRL) has seen a 1.75% increase in the past week, with a -0.96% drop in the past month, and a 9.52% gain in the past quarter. The volatility ratio for the week is 1.06%, and the volatility levels for the past 30 days are at 1.69% for HRL. The simple moving average for the last 20 days is 2.22% for HRL’s stock, with a simple moving average of -0.23% for the last 200 days.
Analysts’ Opinion of HRL
Many brokerage firms have already submitted their reports for HRL stocks, with Citigroup repeating the rating for HRL by listing it as a “Neutral.” The predicted price for HRL in the upcoming period, according to Citigroup is $31 based on the research report published on February 01, 2024 of the current year 2024.
JP Morgan gave a rating of “Underweight” to HRL, setting the target price at $38 in the report published on March 03rd of the previous year.
HRL Trading at 9.80% 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 -16.18% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.06%, as shares surge +4.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.55% upper at present.
During the last 5 trading sessions, HRL rose by +1.75%, which changed the moving average for the period of 200-days by -14.33% in comparison to the 20-day moving average, which settled at $34.30. In addition, Hormel Foods Corp. saw 8.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HRL starting from Coffey Mark A, who sale 15,400 shares at the price of $35.00 back on Mar 28 ’24. After this action, Coffey Mark A now owns 68,029 shares of Hormel Foods Corp., valued at $539,055 using the latest closing price.
Myers Kevin L, the SENIOR VICE PRESIDENT of Hormel Foods Corp., sale 10,000 shares at $34.95 during a trade that took place back on Mar 28 ’24, which means that Myers Kevin L is holding 38,708 shares at $349,500 based on the most recent closing price.
Stock Fundamentals for HRL
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for Hormel Foods Corp. stands at 0.07. The total capital return value is set at 0.1. Equity return is now at value 10.28, with 5.93 for asset returns.
Based on Hormel Foods Corp. (HRL), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 13.47.
Currently, EBITDA for the company is 1.37 billion with net debt to EBITDA at 1.69. When we switch over and look at the enterprise to sales, we see a ratio of 1.77. The receivables turnover for the company is 16.16for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In a nutshell, Hormel Foods Corp. (HRL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
