Hormel Foods Corp Stock Research

Market Summary

USD38.47+0.23

Market Closed

0.60%

HRL Stock Price

HRL RSI Chart

HRL Valuation

Market Cap

21.0B

Price/Earnings (Trailing)

21.49

Price/Sales (Trailing)

1.7

EV/EBITDA

13.29

Price/Free Cashflow

30.52

HRL Price/Sales (Trailing)

HRL Profitability

EBT Margin

10.10%

Return on Equity

12.84%

Return on Assets

7.36%

Free Cashflow Yield

3.28%

HRL Fundamentals

HRL Revenue

Revenue (TTM)

12.4B

Revenue Y/Y

-2.41%

Revenue Q/Q

-9.52%

HRL Earnings

Earnings (TTM)

978.1M

Earnings Y/Y

-9.12%

Earnings Q/Q

-22.21%

Price Action

52 Week Range

37.8251.40

(Low)(High)

Last 7 days

-2.2%

Last 30 days

-3.4%

Last 90 days

-14.7%

Trailing 12 Months

-19.7%

HRL Financial Health

Current Ratio

2.33

Debt/Equity

0.35

Debt/Cashflow

0.35

HRL Investor Care

Dividend Yield

2.74%

Dividend/Share (TTM)

1.06

Shares Dilution (1Y)

0.68%

Diluted EPS (TTM)

1.79

Peers (Alternatives to Hormel Foods)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MDLZ	105.5B	32.9B	3.87%	21.70%	26.76	3.21	12.49%	-5.98%
GIS	47.8B	20.0B	-4.21%	22.91%	16.42	2.47	7.14%	21.75%
K	23.1B	15.7B	-1.15%	-2.35%	24.02	1.51	10.00%	-45.78%
HRL	21.0B	12.4B	-3.44%	-19.67%	21.49	1.7	3.48%	5.62%
CAG	19.2B	12.2B	-7.07%	7.63%	33.31	1.63	7.46%	-38.13%
LW	15.8B	4.8B	-0.73%	67.36%	29.07	3.28	21.64%	131.27%
MID-CAP
PPC	5.4B	17.4B	5.35%	-31.00%	11.39	0.31	10.47%	122.83%
POST	5.0B	6.1B	-4.70%	4.80%	5.78	0.83	18.23%	1243.59%
FRPT	3.0B	630.7M	-6.91%	-5.65%	-45.27	4.79	35.85%	-83.58%
SMALL-CAP
BYND	664.0M	401.7M	-20.14%	-60.45%	-2.04	1.65	-13.79%	-27.19%
BRID	113.5M	263.4M	-1.65%	2.59%	2.48	0.43	5.45%	786.05%
LWAY	105.4M	145.4M	1.67%	15.53%	39.78	0.72	17.44%	138.65%
PLAG	39.3M	-	17.94%	-22.14%	-1.52	0.88	18.50%	-164.64%
FARM	36.9M	501.3M	-34.63%	-62.09%	-1.02	0.07	11.63%	-128.21%
RIBT	4.9M	41.6M	-25.16%	16.75%	-0.63	0.12	33.68%	12.19%

Financials for Hormel Foods

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-0.6%	12,385	12,459	12,630	12,459	11,969
Gross Profit	-2.0%	2,122	2,165	2,176	2,094	2,016
S&GA Expenses	-0.4%	875	879	903	907	883
EBITDA	-1.5%	1,530	1,554	1,546	1,495	1,447
EBITDA Margin	-1.0%	0.12*	0.12*	0.12*	0.12*	0.12*
Earnings Before Taxes	-2.2%	1,250	1,278	1,273	1,187	1,158
EBT Margin	-1.6%	0.10*	0.10*	0.10*	0.10*	0.10*
Interest Expenses	5.9%	66.00	63.00	61.00	57.00	50.00
Net Income	-2.2%	978	1,000	1,002	960	926
Net Income Margin	-1.6%	0.08*	0.08*	0.08*	0.08*	0.08*
Free Cahsflow	-19.6%	689	856	1,045	943	938

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.2%	13,283	13,307	13,140	13,122	12,827
Current Assets	-12.1%	3,195	3,637	3,403	3,374	3,093
Cash Equivalents	-38.9%	600	982	850	862	824
Inventory	0.8%	1,730	1,716	1,679	1,597	1,386
Goodwill	0.0%	4,928	4,926	4,929	4,936	4,928
Current Liabilities	-6.8%	1,373	1,473	1,420	1,481	1,415
Long Term Debt	-10.0%	2,700	3,000	2,900	3,200	-
LT Debt, Current	1.5%	9.00	9.00	9.00	8.00	9.00
LT Debt, Non Current	0.1%	3,293	3,291	3,294	3,294	3,309
Shareholder's Equity	1.0%	7,614	7,535	7,362	7,345	7,106
Retained Earnings	0.9%	7,381	7,313	7,177	7,101	6,980
Additional Paid-In Capital	1.7%	477	469	459	452	378
Shares Outstanding	0.1%	546	546	545	543	-
Minority Interest	3.1%	5.00	5.00	5.00	6.00	6.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-15.9%	955	1,135	1,327	1,218	1,180
Share Based Compensation	-4.5%	24.00	25.00	25.00	25.00	23.00
Cashflow From Investing	-155.7%	-659	-258	-267	-3,664	-3,636
Cashflow From Financing	-3.6%	-504	-486	-487	1,825	1,531
Dividend Payments	1.6%	567	558	549	539	531
Buy Backs	-100.0%	0.00	10.00	10.00	11.00	-

Risks for HRL

What is the probability of a big loss on HRL?

7.7%

Probability that Hormel Foods stock will be more than 20% underwater in next one year

Probability that Hormel Foods stock will be more than 30% underwater in next one year.

Probability that Hormel Foods stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HRL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Hormel Foods was unfortunately bought at previous high price.

Drawdowns

Returns for HRL

Cumulative Returns on HRL

8.3%

10-Year Cumulative Returns

3.4%

7-Year Cumulative Returns

3.3%

5-Year Cumulative Returns

-3.9%

3-Year Cumulative Returns

What are the long-term rolling returns for HRL?

FIve years rolling returns for Hormel Foods.

Annualized Returns

Which funds bought or sold HRL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-24	Old North State Trust, LLC	reduced	-0.55	-11,000	72,000	0.05%
2023-05-23	Toroso Investments, LLC	added	153	361,000	658,000	0.01%
2023-05-22	AMERIPRISE FINANCIAL INC	added	7.99	-331,980	5,615,020	-%
2023-05-22	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	unchanged	-	-70,308	494,512	0.20%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-4,031	-	-%
2023-05-18	SkyView Investment Advisors, LLC	new	-	1,000	1,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	37.79	6,470,020	37,824,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-2.33	-4,436,000	26,189,000	0.04%
2023-05-18	Guardian Wealth Advisors, LLC	reduced	-0.2	-63,429	438,860	0.34%
2023-05-17	Thrivent Financial for Lutherans	added	1.77	-340,000	2,559,000	0.01%

Latest Funds Activity

Are funds buying HRL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own HRL

No. of Funds

Hormel Foods News

Schedule 13G FIlings of Hormel Foods

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	6.49%	35,456,214	SC 13G/A
Feb 01, 2023	blackrock inc.	5.3%	29,202,867	SC 13G/A
Jan 31, 2023	state street corp	4.80%	26,203,621	SC 13G/A
Jan 24, 2023	hormel foundation	46.95%	256,433,116	SC 13G/A
Feb 14, 2022	state street corp	5.43%	29,458,291	SC 13G/A
Feb 10, 2022	vanguard group inc	6.07%	32,953,376	SC 13G/A
Feb 01, 2022	blackrock inc.	5.3%	28,688,282	SC 13G/A
Feb 16, 2021	state street corp	4.83%	26,069,570	SC 13G/A
Feb 10, 2021	vanguard group inc	6.10%	32,910,894	SC 13G/A
Jan 29, 2021	blackrock inc.	5.4%	29,090,942	SC 13G/A

HRL Fair Value

Hormel Foods fair value in different scenarios

The table shows the Fair Value estimates for Hormel Foods for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	19.81 -48.51%	23.78 -38.19%	30.71 -20.17%	46.33 20.43%	68.08 76.97%
Current Inflation	18.23 -52.61%	21.60 -43.85%	27.42 -28.72%	40.44 5.12%	58.65 52.46%
Very High Inflation	16.26 -57.73%	18.95 -50.74%	23.51 -38.89%	33.65 -12.53%	47.90 24.51%

Historical Hormel Foods Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Hormel Foods

View All Filings

Date Filed	Form Type	Document
Apr 24, 2023	11-K	Employee Benefit Details
Apr 24, 2023	11-K	Employee Benefit Details
Apr 24, 2023	11-K	Employee Benefit Details
Apr 24, 2023	11-K	Employee Benefit Details
Apr 05, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading
Apr 04, 2023	4	Insider Trading

Latest Insider Trading transactions for HRL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-04-03	Murano Elsa A	sold	-243,000	40.5	-6,000	-
2023-03-31	SMITH SALLY J	acquired	69,562	39.88	1,744	-
2023-03-31	Newlands William A	acquired	38,062	39.88	954	-
2023-03-31	White Steven Andrew	acquired	60,375	39.88	1,513	-
2023-03-31	Prado Becerra Jose Luis	acquired	55,124	39.88	1,382	-
2023-03-31	Policinski Christopher J.	acquired	56,437	39.88	1,415	-
2023-03-31	Bhojwani Gary C	acquired	60,375	39.88	1,513	-
2023-03-27	Young Ray G	acquired	160,011	38.97	4,106	-
2023-03-27	Zechmeister Michael Paul	acquired	160,011	38.97	4,106	-
2023-03-27	Prado Becerra Jose Luis	sold	-202,872	39.0139	-5,200	-

About Hormel Foods

James P. Snee

www.hormelfoods.com

20000

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, CafÃƒÂ© H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

HRL Income Statement

2023-01-29

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 29, 2023	Jan. 30, 2022
Income Statement [Abstract]
Net Sales	$ 2,970,992	$ 3,044,358
Cost of Products Sold	2,475,043	2,505,610
Gross Profit	495,949	538,749
Selling, General, and Administrative	222,056	225,972
Equity in Earnings of Affiliates	15,559	6,898
Operating Income	289,452	319,675
Interest and Investment Income	10,096	3,869
Interest Expense	18,347	14,640
Earnings Before Income Taxes	281,201	308,904
Provision for Income Taxes	63,551	69,194
Net Earnings	217,651	239,710
Less: Net Earnings (Loss) Attributable to Noncontrolling Interest	(69)	139
Net Earnings Attributable to Hormel Foods Corporation	$ 217,719	$ 239,571
Net Earnings Per Share
Basic (in dollars per share)	$ 0.40	$ 0.44
Diluted (in dollars per share)	$ 0.40	$ 0.44
Weighted-average Shares Outstanding
Basic (in shares)	546,384	542,680
Diluted (in shares)	550,031	547,928

HRL Balance Sheet

2023-01-29

CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Jan. 29, 2023	Oct. 30, 2022
Assets
Cash and Cash Equivalents	$ 599,789	$ 982,107
Short-term Marketable Securities	17,792	16,149
Accounts Receivable (Net of Allowance for Doubtful Accounts of $3,481 at January 29, 2023, and $3,507 at October 30, 2022)	787,213	867,593
Inventories	1,730,086	1,716,059
Taxes Receivable	7,145	7,177
Prepaid Expenses	40,063	31,481
Other Current Assets	13,218	16,559
Total Current Assets	3,195,306	3,637,125
Goodwill	4,927,923	4,925,829
Other Intangibles	1,798,732	1,803,027
Pension Assets	242,358	245,566
Investments In and Receivables from Affiliates	701,629	271,058
Other Assets	292,697	283,169
Property, Plant, and Equipment
Land	73,952	74,303
Buildings	1,405,861	1,398,255
Equipment	2,641,581	2,636,660
Construction in Progress	226,908	216,246
Less: Allowance for Depreciation	(2,223,900)	(2,184,319)
Net Property, Plant, and Equipment	2,124,402	2,141,146
Total Assets	13,283,047	13,306,919
Liabilities and Shareholders' Investment
Accounts Payable and Accrued Expenses	764,525	875,405
Accrued Marketing Expenses	133,240	113,105
Employee Related Expenses	213,540	279,072
Interest and Dividends Payable	158,376	163,963
Taxes Payable	94,775	32,925
Current Maturities of Long-term Debt	8,929	8,796
Total Current Liabilities	1,373,385	1,473,266
Long-term Debt Less Current Maturities	3,292,559	3,290,549
Pension and Post-retirement Benefits	389,423	385,832
Deferred Income Taxes	471,457	475,212
Other Long-term Liabilities	137,230	141,840
Shareholders' Investment
Preferred Stock	0	0
Additional Paid-in Capital	477,470	469,468
Accumulated Other Comprehensive Loss	(252,261)	(255,561)
Retained Earnings	7,380,689	7,313,374
Hormel Foods Corporation Shareholders' Investment	7,613,904	7,535,284
Noncontrolling Interest	5,089	4,936
Total Shareholders' Investment	7,618,993	7,540,219
Total Liabilities and Shareholders' Investment	13,283,047	13,306,919
Common Stock Non-Voting
Shareholders' Investment
Common Stock	0	0
Common Stock
Shareholders' Investment
Common Stock	$ 8,006	$ 8,002