Hormel Foods Corporation (HRL) – Watching Financial Trends Closely

Forbes Glenn S, Director, subtracted 3,128 shares of Hormel Foods Corporation (HRL) from its portfolio at the rate of $43.65 per share valuing $136,522 on Oct 08. The insider left behind 46,402 shares of the company to its portfolio. Currently, the 1st Resistance Point for this stock is $45.83, with a 2nd Resistance Point sitting at $46.11. Meanwhile, this company’s stock has a 1st Support Level at $44.98 and a 2nd Support Level at $44.41. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Hormel Foods Corporation (HRL) was $45.54. Hormel Foods Corporation (HRL) stock has gained $2.78, or 2.85%, in the past five days. In the last full month, these shares have gained $4.28, or 10.37%. In the past three months, this stock’s price has risen by $2.70, or 6.30%. This year-to-date, Hormel Foods Corporation (HRL) shares have gained $2.86, or 6.70%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Hormel Foods Corporation (HRL) stock, 100% of short-term indicators suggest that these shares are a “ Buy .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 100% of long-term indicators suggest that this stock is a “ Buy .”

With 533,970 K shares outstanding, this company currently has a market capitalization of $24,258,256K. Hormel Foods Corporation (HRL) generates $9,497 M in annual sales, amounting to annual net income of $978,810 K. This stock has generated a 1-Year Total Return of 0.00%, a 3-Year Total Return of 32.10%, and a 5-year Total Return of 78.30%. This stock’s 5-Year Dividend Growth is 110.00%, with its most recent dividend valued at $0.210 per share on 10/18/19. Its Annual Dividend Yield is 1.85%, and its Annual Dividend Rate is 0.84.

In the most recently-reported fiscal quarter, which ended in 10/19, Hormel Foods Corporation (HRL) reported earnings of $0.47 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.47 per share, representing equal. In the previous quarter ending in 07/19, the reported earnings of $0.37 represented a 0.02 difference from the consensus estimate calling for $0.35 per share, which was a 5.71% surprise.

For the current fiscal quarter, which is set to end in 01/2020, the average earnings estimate is $0.45 per share. This estimate came from a total of 4 Wall Street Analysts. Of those market experts, the high estimate was $0.46 and the low estimate was $0.45. In the year-ago quarter, Hormel Foods Corporation (HRL) generated per-share earnings of $0.44. If the analysts are correct about the current quarter’s earnings, the growth will be +2.27%.

Turning our focus now to insider trading activity, there have been 15 purchases (1,330,309 shares in total) and 10 sale (119,519 shares in total) in the last 3 months. In the last 6 months, there have been 18 insider buys amounting to 1,410,309 shares and 17 insider sales amounting to 211,305 shares. In the past full year, 52 insider purchases were made (involving 1,963,915 shares) and 40 insider sell-offs equivalent to 705,534 shares.

Moving onto liquidity, Hormel Foods Corporation (HRL) has a Current Ratio of 2.14, a Quick Ratio of 1.19 and a Cash Ratio of 0.62. Looking at this company’s capital structure, its Total Debt to Total Equity is 4.22, its Total Debt to Total Capital is 4.05, and its Total Debt to Total Assets is now 3.08. Looking even further ahead into the future, its Long-Term Debt to Equity is 64.03 and its Long-Term Debt to Total Capital is 4.22.