NYSE:HRL

30.37
0.37 (1.20%) 1d
0

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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

The experts have conflicting opinions on Hormel Foods Corp. One expert believes that the company had a recent weak quarter but could benefit from the weight-loss drugs needing users to consume more protein. Another expert mentions that all food stocks are getting killed these days, indicating a negative sentiment towards the industry as a whole. It seems that there are both potential opportunities and challenges for Hormel Foods Corp in the current market.

Consensus
Mixed
Valuation
Fair Value
PARTIAL BUY
Hormel Foods Corp

Had a recent weak quarter, but could benefit from the weight-loss drugs need users to consume more protein

food services
DON'T BUY
Hormel Foods Corp

Is an analysts meeting on Thursday. All food stocks are getting killed these days.

food services
DON'T BUY
Hormel Foods Corp
Is up 13% for the past year. They make Spam, Planter's Peanuts and other packaged food, an industry that has held up better than the market. Hormel just released its quarter and it was mixed: 51 cents EPS vs. expected 50 cents, lower than expected sales which worries him, a weak 2023 forecast because of a volatile, high-cost environment.
food services
COMMENT
Hormel Foods Corp
Hormel reports Wednesday. They sell much more than spam, though Spam sells well in a recession. General Mills and Pepsi have shown strength, and maybe HRL will too.
food services
BUY
Hormel Foods Corp
It reports Thursday. It's down big from its highs, even after managers have made terrific moves in its portfolio. Its Spam will always sell and always has.
food services
BUY
Hormel Foods Corp
They report Thursday. He hopes they buck the trend of food stocks facing tough comparisons vs. a year ago. They recently bought Planter's Nuts, an under-managed food brand. He suspects this deal to have paid off already for them.
food services
BUY
Hormel Foods Corp
It reports next week. He expects sales to rise as they did in the spring lockdown because restaurants were closed.
food services
COMMENT
Hormel Foods Corp
It's always been a good company due to their ability to allocate capital appropriately. They were struggling before due to pork prices for SPAM. They're also in the spreads business like Skippy's. 5 year dividend growth is 16%. If they continue to keep margins up, it is a good company.
food services
BUY
Hormel Foods Corp
He ate Spam as a kid, a cheap meat. HRL has transformed from producing Spam to delivering packaged goods, so that has added value. Millennials are cooking less, so there's growing demand for ready-made meals. This means that HRL should do well.
food services
DON'T BUY
Hormel Foods Corp
It is a good and well managed company. It is a protein company and there are problems with protein pricing due to epidemics in livestock recently. He thinks it is 'too-hard-to-do'. It is too risky.
food services
DON'T BUY
Hormel Foods Corp

It's suffering like Kraft with almost no revenue or earnings growth with a PE of 20. Their brands are not the best.

food services
DON'T BUY
Hormel Foods Corp
He remains out of the staples sector. It has gone into a consolidation trading pattern. At 22 times earnings, it is not cheap. He would stay away for now.
food services
DON'T BUY
Hormel Foods Corp

This is like so many other companies these days. It is a zero-growth business with minimal earnings growth that is squeezing out a few dollars here and there to increase its dividend every year. He doesn’t like the business model, because if you are not reinvesting in your business over time, it is pretty tough to find growth. Trading at over 20X earnings.

food services
COMMENT
Hormel Foods Corp

OK at these levels, but he would just do a half position now if he were getting into it. Growth is starting to slow a little on the top side, and they are struggling a little with some of their pork products because of rising prices. He would only do a half position and see what happens with that.

food services
TOP PICK
Hormel Foods Corp

This owns about 30 brands including Skippy peanut butter. They are getting into the healthier food. It came on his radar screen because of its really long ascent, a very low volatile name. It was up about 500% for about 10 years and the dividend rose 300%. Then it had a big pull back of about 25%. They reported and actually beat earnings 2 weeks ago. The street turned on them. Dividend yield of 1.68%.

food services
Showing 1 to 15 of 16 entries

Hormel Foods Corp(HRL-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

Stockchase rating for Hormel Foods Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Hormel Foods Corp(HRL-N) Frequently Asked Questions

What is Hormel Foods Corp stock symbol?

Hormel Foods Corp is a American stock, trading under the symbol HRL-N on the New York Stock Exchange (HRL). It is usually referred to as NYSE:HRL or HRL-N

Is Hormel Foods Corp a buy or a sell?

In the last year, 2 stock analysts published opinions about HRL-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Hormel Foods Corp.

Is Hormel Foods Corp a good investment or a top pick?

Hormel Foods Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Hormel Foods Corp.

Why is Hormel Foods Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Hormel Foods Corp worth watching?

2 stock analysts on Stockchase covered Hormel Foods Corp In the last year. It is a trending stock that is worth watching.

What is Hormel Foods Corp stock price?

On 2024-06-18, Hormel Foods Corp (HRL-N) stock closed at a price of $30.37.