HRL Stock Summary and Trading Ideas (Hormel Foods | NYSE:HRL)

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including US retail (62% of fiscal 2024 sales), US food service (32%), and international (6%). By product, 72% of fiscal 2024 sales were from perishable food and 28% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.

Hormel Foods trades on the NYSE stock market under the symbol HRL.

As of January 3, 2025, HRL stock price declined to $31.36 with 1,498,455 million shares trading.

HRL has a beta of 0.16, meaning it tends to be less sensitive to market movements. HRL has a correlation of 0.01 to the broad based SPY ETF.

HRL has a market cap of $17.22 billion. This is considered a Large Cap stock.

Last quarter Hormel Foods reported $3 billion in Revenue and $.42 earnings per share. This fell short of revenue expectation by $-2 million and met earnings estimates .

In the last 3 years, HRL traded as high as $55.11 and as low as $28.51.

The top ETF exchange traded funds that HRL belongs to (by Net Assets): VTI, VOO, VO, NOBL, RSP.

HRL has underperformed the market in the last year with a price return of -0.3% while the SPY ETF gained +27.8%. HRL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.7% and -1.0%, respectively, while the SPY returned +4.6% and +0.1%, respectively.

HRL support price is $31.06 and resistance is $31.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HRL shares will trade within this expected range on the day.