Hormel Foods Corp (NYSE:HRL) shares traded -1.48% lower at $29.98 on Wall Street last session.
HRL stock price is now -4.11% away from the 50-day moving average and -6.07% away from the 200-day moving average. The market capitalization of the company currently stands at $16.46B.
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With the price target of $28, Exane BNP Paribas recently initiated with Underperform rating for Hormel Foods Corp (NYSE: HRL). , while ‘Citigroup’ rates the stock as ‘Buy’
In other news, LYKKEN STEVEN J, GROUP VICE PRESIDENT bought 4,904 shares of the company’s stock on Dec 06 ’24. The stock was bought for $159,246 at an average price of $32.47. Upon completion of the transaction, the GROUP VICE PRESIDENT now directly owns 7,100 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 27 ’24, GROUP VICE PRESIDENT LYKKEN STEVEN J sold 9,800 shares of the business’s stock. A total of $312,689 was realized by selling the stock at an average price of $31.91. This leaves the insider owning 30,589 shares of the company worth $0.92 million. A total of 46.99% of the company’s stock is owned by insiders.
During the past 12 months, Hormel Foods Corp has had a low of $28.51 and a high of $36.86. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 2.32, and a quick ratio of 1.19. According to the stock market information, the enterprise value for the company is $19756959744, which is based on a 20.44 price-to-earnings ratio, a 2.50 price-to-earnings-growth ratio, and a beta of 0.26. The fifty day moving average price for HRL is $31.2656 and a two-hundred day moving average price translates $31.91685 for the stock.
The latest earnings results from Hormel Foods Corp (NYSE: HRL) was released for 2024-07-28. The net profit margin was 6.75% and return on equity was 10.24% for HRL. The company reported revenue of $2.9 billion for the quarter, compared to $2.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.19 percent.
