Hormel Foods (HRL) has a market cap of $20.0 billion. It rose 0.96% to close at $37.81 per share on October 10, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were -0.60%, 5.0%, and -3.3%, respectively, on the same day.
HRL is trading 1.5% above its 20-day moving average, 1.2% above its 50-day moving average, and 1.8% below its 200-day moving average.
Related ETF and peers
The Fidelity MSCI Consumer Staples ETF (FSTA) invests 0.63% of its holdings in Hormel Foods. The ETF tracks a market cap–weighted index of stocks in the US consumer staples sector. The YTD price movement of FSTA was 5.0% on October 10.
The market caps of Hormel Foods’s competitors are:
Latest news on Hormel Foods
Effective October 11, Nicole Glenn has been appointed as vice president of marketing for Applegate Farms, which is a subsidiary of Hormel Foods.
Performance in fiscal 3Q16
Hormel Foods (HRL) reported fiscal 3Q16 net sales of $2.3 billion, a rise of 4.5% over the $2.2 billion reported in fiscal 3Q15. Sales from its Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other segments rose 2.9%, 9.4%, 20.0%, and 5.2%, respectively. Sales from its Specialty Foods segment fell 25.0% between fiscal 3Q15–fiscal 3Q16.
The company’s gross profit margin and operating income rose 10.4% and 18.9%, respectively, between fiscal 3Q15 and fiscal 3Q16. Its net income and EPS (earnings per share) rose to $195.7 million and $0.36, respectively, in fiscal 3Q16, compared with $146.9 million and $0.27 in fiscal 3Q15.
Hormel’s cash and cash equivalents and inventories rose 9.3% and 4.1%, respectively, between fiscal 4Q15 and fiscal 3Q16. Its current ratio rose to 1.8x, and its DE (debt-to-equity) ratio fell to 0.45x in fiscal 3Q16, compared with 1.7x and 0.53x, respectively, in fiscal 4Q15.
Hormel Foods (HRL) declared a quarterly dividend of $0.15 per share on its common stock. The dividend will be paid on November 15, 2016, to shareholders of record at the close of business on October 24, 2016.
Hormel Foods reaffirmed the following projections at the Barclays Global Consumer Staples Conference:
- EPS of $1.60–$1.64 for fiscal 2016
- a rise in sales for Skippy peanut butter products, Wholly Guacamole dips, and Muscle Milk protein for fiscal 4Q16
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