Hormel Foods (HRL) Stock Overview
Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
HRL Community Fair Values
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Analyst Price Targets
Hormel Foods Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$19.74 |
| 52 Week High | US$31.86 |
| 52 Week Low | US$19.70 |
| Beta | 0.31 |
| 1 Month Change | -6.84% |
| 3 Month Change | -15.78% |
| 1 Year Change | -34.46% |
| 3 Year Change | -49.24% |
| 5 Year Change | -59.93% |
| Change since IPO | 8,322.40% |
Recent News & Updates
Seeking Alpha • May 13
Hormel Foods: A Cautious Buy As It Looks Closer To A Turnaround
Summary Hormel Foods stands out in a struggling packaged foods sector, showing stabilization and five consecutive quarters of organic net sales growth. HRL's divestiture of its volatile whole-bird turkey business sharpens focus on higher-margin, value-added protein categories, improving earnings quality and reducing volatility. Management maintains full-year guidance for 1-4% organic sales growth, 4-10% operating income growth, and EPS of $1.43–$1.51, signaling cautious optimism. With a 5.7% dividend yield and a relatively undemanding valuation, HRL is rated a cautious Buy as it appears closer to a turnaround than its peers. Read the full article on Seeking Alpha
Narrative Update • May 11
HRL: Regulatory Meat Sector Overhang Will Present Future Opportunity For Repricing
Analysts have trimmed their price target on Hormel Foods by $2 to $26.75, citing a slightly higher assumed discount rate and only marginal tweaks to long term revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent Street research on Hormel Foods shows a mix of optimism about execution and caution around valuation and growth expectations, reflected in both a downgrade at JPMorgan and a separate trim to the price target to $26.75.Recent updates
Seeking Alpha • May 13
Hormel Foods: A Cautious Buy As It Looks Closer To A Turnaround
Summary Hormel Foods stands out in a struggling packaged foods sector, showing stabilization and five consecutive quarters of organic net sales growth. HRL's divestiture of its volatile whole-bird turkey business sharpens focus on higher-margin, value-added protein categories, improving earnings quality and reducing volatility. Management maintains full-year guidance for 1-4% organic sales growth, 4-10% operating income growth, and EPS of $1.43–$1.51, signaling cautious optimism. With a 5.7% dividend yield and a relatively undemanding valuation, HRL is rated a cautious Buy as it appears closer to a turnaround than its peers. Read the full article on Seeking AlphaNarrative Update • May 11
HRL: Regulatory Meat Sector Overhang Will Present Future Opportunity For Repricing
Analysts have trimmed their price target on Hormel Foods by $2 to $26.75, citing a slightly higher assumed discount rate and only marginal tweaks to long term revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent Street research on Hormel Foods shows a mix of optimism about execution and caution around valuation and growth expectations, reflected in both a downgrade at JPMorgan and a separate trim to the price target to $26.75.Narrative Update • Apr 27
HRL: 2026 Guidance And AI Supply Chain Integration Will Support Upside
Narrative Update on Hormel Foods The analyst price target for Hormel Foods has been trimmed by $0.25 to $26.75, as analysts factor in slightly lower fair value and future P/E assumptions following recent mixed research updates, including downgrades and target reductions. Analyst Commentary Recent research on Hormel Foods has tilted more cautious, with at least one major downgrade and a lower price target contributing to the modest trim in the consolidated target to $26.75.Narrative Update • Apr 12
HRL: 2026 Guidance And AI Rollout Will Drive Upside Potential
Analysts trimmed their price target on Hormel Foods to $27.00 from $27.63, reflecting slightly softer revenue growth assumptions and a modestly lower future P/E multiple, partly offset by a small improvement in projected profit margins. Analyst Commentary Recent research on Hormel Foods points to a more cautious stance, with the latest JPMorgan downgrade and the trimmed price target signaling mixed confidence in how the current valuation lines up with execution and profit expectations.Narrative Update • Mar 25
HRL: 2026 Guidance And Regulatory Shake Up Will Drive Upside Potential
Analysts have trimmed their price target on Hormel Foods by $2 to reflect updated views on the company, with the adjustment supported by refreshed estimates for fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Bullish Takeaways Some bullish analysts view the modest $2 trim to the price target as a fine tuning of valuation inputs rather than a fundamental reset, with fair value and discount rate assumptions updated to reflect current information.Narrative Update • Mar 10
HRL: Regulatory Risk And 2026 Guidance Will Shape Next Phase
Narrative Update Analysts have nudged their fair value estimate for Hormel Foods from $27.00 to about $27.63, reflecting slightly lower assumed revenue growth, a modestly higher profit margin outlook, and a small upward adjustment to the future P/E multiple. Analyst Commentary Recent research on Hormel Foods points to a mix of optimism and caution, which is reflected in the modest trim to the price target and the fine tuning of valuation assumptions.Narrative Update • Feb 23
HRL: Guidance, Dividend Increase And Margin Assumptions Will Shape Next Phase
Narrative Update on Hormel Foods Analysts have trimmed their price target on Hormel Foods by $0.25 to $27.00, reflecting slightly adjusted assumptions for fair value, revenue growth, profit margin, and future P/E, while maintaining a generally steady view of the company’s risk profile. Analyst Commentary Recent research on Hormel Foods reflects a generally steady stance on the company, with modest adjustments to valuation that signal a more fine tuned view of its execution and growth profile rather than a fundamental shift in sentiment.Narrative Update • Feb 09
HRL: Tariff Relief And Updated Modeling Will Shape Next Phase Of Margins
Narrative Update on Hormel Foods Analysts have adjusted their price target on Hormel Foods to US$27 from US$30, reflecting updated models around discount rate, growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research around Hormel Foods has centered on updated models ahead of the fiscal Q4 report, leading to a revised price target of US$27, down from US$30, by JPMorgan.Narrative Update • Jan 25
HRL: Tariff Relief And Cost Discipline Will Shape Next Phase Of Margins
Narrative Update Analysts have reduced their price target on Hormel Foods to US$27 from US$30, citing updated models ahead of the upcoming fiscal Q4 report, while maintaining their broader investment view. Analyst Commentary Recent research updates around Hormel Foods have focused on fine tuning valuation ahead of the upcoming fiscal Q4 report, rather than signaling a fundamental change in the broader thesis.Narrative Update • Jan 11
HRL: Tariff Cuts And Cost Controls Will Support Future Margin Recovery
Analysts now see a slightly lower fair value for Hormel Foods, trimming the implied price target to about $27 from roughly $30. Updated models ahead of fiscal Q4 reflect refined assumptions on discount rate, revenue growth, profit margin, and future P/E.Narrative Update • Dec 27
HRL: Tariff Relief And Cost Controls Will Support Future Margin Recovery
Analysts have modestly reduced their price target on Hormel Foods to $27 from $30, citing updated modeling ahead of the upcoming fiscal Q4 report, while maintaining a constructive long term outlook on the shares. Analyst Commentary Recent Street research on Hormel Foods reflects a balanced mix of optimism and caution as investors look ahead to the fiscal Q4 report and updated guidance.Narrative Update • Dec 13
HRL: Tariff Relief And Cost Actions Will Support Earnings Recovery
Analysts have modestly raised their fair value estimate for Hormel Foods to approximately $27.25 from about $26.69 per share, citing updated modeling that reflects slightly stronger expected revenue growth and a higher forward earnings multiple, which more than offsets a small pullback in forecast profit margins. Analyst Commentary Recent Street research on Hormel Foods reflects a mixed but generally constructive stance, with valuation expectations resetting slightly lower while earnings and growth projections remain supportive of upside from current levels.Narrative Update • Nov 27
HRL: Earnings Will Rebound As Retail Demand Strengthens And Tariff Cuts Support Margins
The consensus analyst price target for Hormel Foods has decreased, dropping from $30 to $27 per share. Analysts cited weaker-than-expected quarterly results and a cautious near-term outlook, despite some positive underlying trends.Narrative Update • Nov 13
HRL: Earnings Recovery Will Be Driven by Food Retail Dynamics Ahead
Hormel Foods' analyst price target was revised downward from $28.75 to $27.06 as analysts cited lackluster recent results and a tempered near-term outlook, even though some encouraging underlying trends were noted. Analyst Commentary Recent street research on Hormel Foods reveals a mix of cautious optimism and ongoing concerns as analysts weighed recent financial results and the company’s outlook.Narrative Update • Oct 29
Recent Upgrades And Industry Shifts Will Support Longer Term Recovery
Analysts have modestly lowered their price target for Hormel Foods to $34 from $36, citing weaker recent results and a cautious near-term outlook. However, they note there are some encouraging underlying trends.Analysis Article • Sep 26
Hormel Foods (NYSE:HRL) Is Due To Pay A Dividend Of $0.29
The board of Hormel Foods Corporation ( NYSE:HRL ) has announced that it will pay a dividend of $0.29 per share on the...Narrative Update • Aug 27
Recovery Of Planters And Expansion In China Will Strengthen Future Prospects
Analysts have raised Hormel Foods’ price target modestly to $33.00, citing improved earnings outlook from Planters, stabilized turkey supply, ongoing cost savings, and attractive valuation supporting resilient long-term growth. Analyst Commentary Bullish analysts expect a recovery in Hormel’s earnings outlook, driven by improvements in the Planters business and a stabilized turkey supply situation.Analysis Article • Jun 23
Hormel Foods (NYSE:HRL) Has Affirmed Its Dividend Of $0.29
The board of Hormel Foods Corporation ( NYSE:HRL ) has announced that it will pay a dividend of $0.29 per share on the...Analysis Article • Jun 01
Analyst Estimates: Here's What Brokers Think Of Hormel Foods Corporation (NYSE:HRL) After Its Second-Quarter Report
It's been a good week for Hormel Foods Corporation ( NYSE:HRL ) shareholders, because the company has just released its...Analysis Article • May 29
There's Reason For Concern Over Hormel Foods Corporation's (NYSE:HRL) Price
With a price-to-earnings (or "P/E") ratio of 21.8x Hormel Foods Corporation ( NYSE:HRL ) may be sending bearish signals...Seeking Alpha • Mar 25
Hormel: A SWAN Stock To Own At The Right Price
Summary Uncertainties impact CEOs, consumers, and investors, leading to cautious spending and investment. Uncertainties lead to volatility that can cause huge declines in one's portfolio. Owning high-quality, low-risk dividend stocks (SWANs) can provide stability and returns during uncertain times. Five companies meet the 7 SWAN criteria. This piece focuses on one of them, Hormel Foods. Although Hormel Foods meets the SWAN criteria, I rate it a HOLD due to its valuation. Read the full article on Seeking AlphaSeeking Alpha • Mar 04
Hormel: This Turkey Continues To Defy Gravity
Summary Intrinsic value focuses on future cash flows, while realizable value considers market sentiment and investor biases, often leading to different valuations. Hormel Foods stock is overvalued based on cash flow analysis, requiring unrealistic growth rates to justify its current stock price. Management has historically made optimistic projections that haven't come to fruition, and that may be the case here again. Read the full article on Seeking AlphaSeeking Alpha • Feb 15
Hormel: Worth Considering At A 4% Yield (Rating Upgrade)
Summary I am upgrading Hormel Foods from a sell to a hold after a 35% decline over 27 months, despite ongoing market challenges. Hormel's dividend yield has climbed above 4%, supported by sufficient free cash flow, though valuation remains unappealing with modest EPS growth expected. Key risks include volatility in turkey and pork markets, geopolitical risks, and ongoing issues with the Planters brand, despite increased advertising investments. Technically, HRL is in a long-term downtrend but has near-term support around $28-$29; a bearish breakdown could target $20. Read the full article on Seeking AlphaSeeking Alpha • Dec 04
Hormel Foods: Bears Strike Yet Another Blow
Summary Hormel reported Q4-2024 results, and the stock moved lower by 3% in the pre-market trading. While the numbers were ok, the guidance for 2025 once again fell short of where the Street was. Over the last two years, the stock has declined about in line with the drop in earnings estimates. Read the full article on Seeking AlphaShareholder Returns
| HRL | US Food | US Market | |
|---|---|---|---|
| 7D | -2.1% | -2.4% | -0.3% |
| 1Y | -34.5% | -7.7% | 24.1% |
Return vs Industry: HRL underperformed the US Food industry which returned -7.7% over the past year.
Return vs Market: HRL underperformed the US Market which returned 24.1% over the past year.
Price Volatility
| HRL volatility | |
|---|---|
| HRL Average Weekly Movement | 3.3% |
| Food Industry Average Movement | 5.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: HRL has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: HRL's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1891 | 20,000 | Jeff Ettinger | www.hormelfoods.com |
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products, including resh meats, frozen items, refrigerated meal solutions, bacon, sausages, hams, guacamole, and other items that require refrigeration; and shelf-stable products, such as canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, and other items that do not require refrigeration.
Hormel Foods Corporation Fundamentals Summary
| HRL fundamental statistics | |
|---|---|
| Market cap | US$10.86b |
| Earnings (TTM) | US$489.42m |
| Revenue (TTM) | US$12.14b |
22.2x
P/E Ratio0.9x
P/S RatioIs HRL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HRL income statement (TTM) | |
|---|---|
| Revenue | US$12.14b |
| Cost of Revenue | US$10.25b |
| Gross Profit | US$1.90b |
| Other Expenses | US$1.41b |
| Earnings | US$489.42m |
Last Reported Earnings
Jan 25, 2026
Next Earnings Date
May 28, 2026
| Earnings per share (EPS) | 0.89 |
| Gross Margin | 15.61% |
| Net Profit Margin | 4.03% |
| Debt/Equity Ratio | 35.6% |
How did HRL perform over the long term?
See historical performance and comparisonDividends
5.9%
Current Dividend Yield131%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/18 07:34 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2026/01/25 |
| Annual Earnings | 2025/10/26 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hormel Foods Corporation is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Farooq Hamed | Barclays |
| Benjamin Theurer | Barclays |