Hormel Foods (HRL) has a market cap of $19.2 billion. It rose 2.3% to close at $36.35 per share on January 17, 2017. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 2.7%, 6.4%, and 4.9%, respectively, on the same day.
HRL is trading 3.7% above its 20-day moving average, 3.7% above its 50-day moving average, and 0.38% 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 YTD price movement of FSTA was 0.93% on January 17.
The market caps of Hormel Foods’s competitors are as follows:
Latest news on HRL
Janet Hogan was appointed as Hormel Foods’s vice president of human resources, effective January 17, 2017. She will report to Larry Lyons, the company’s senior vice president of human resources.
The company reported, “Her responsibilities will include building and executing world-class strategies for talent development, employee engagement, total rewards and labor relations.”
Performance in fiscal 4Q16
Hormel Foods (HRL) reported fiscal 4Q16 net sales of $2.6 billion—a rise of 9.5% compared to $2.4 billion in fiscal 4Q15. The company’s gross profit margin and operating margin expanded by 220 basis points and 170 basis points, respectively, in fiscal 4Q16, compared to fiscal 4Q15.
HRL’s net income and EPS (earnings per share) rose to $243.9 million and $0.45, respectively, in fiscal 4Q16—compared to $187.2 million and $0.35, respectively, in fiscal 4Q15.
Fiscal 2016 results
In fiscal 2016, Hormel Foods reported net sales of $9.5 billion—a rise of 2.8% YoY (year-over-year). The company’s gross profit margin and operating margin expanded by 320 basis points and 240 basis points, respectively, in fiscal 2016.
The company’s net income and EPS rose to $890.1 million and $1.64, respectively, in fiscal 2016—compared to $686.1 million and $1.27, respectively, in fiscal 2015.
Hormel’s cash and cash equivalents rose 19.6% and its inventories fell 0.77% in fiscal 2016. Its current ratio rose to 1.9x and its debt-to-equity ratio fell to 0.43x in fiscal 2016—compared to 1.7x and 0.53x, respectively, in fiscal 2015.
Hormel Foods expects EPS of $1.71–$1.77, or $1.68–$1.74, excluding ~$0.03 from its Farmer John divestiture in fiscal 2017.
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