Hormel Foods Corporation (HRL) Stock Price & Analysis
Hormel Foods Corporation (HRL) closed at USD 21.06 on Friday, October 23, 2026, down 1.40% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 21.36; the Oct 23, 2026 session ranged USD 20.89–21.36 on volume of 3,276,568 shares. Market capitalization is $11.59B, with a 52-week range of USD 18.96–26.6 (NYQ). Source: Nexqual, retrieved October 24, 2026 at 15:02 UTC.
Also available as compact Markdown for AI agents: nexqual.com/HRL.md
Key facts (HRL)
- Last four reported quarters (through Jul 26, 2026): revenue $12.1B, net income $343M (2.8% margin), free cash flow $781M (SEC filings).
- Valuation: P/E 33.8x (avg 22.7x at the last 3 fiscal year-ends), EV/EBITDA 16.1x, net debt $1.99B.
- Earnings quality: non-operating income $363M vs operating income $574M over the last four quarters; P/E excluding non-operating income ≈110.6x (estimate: non-operating income taxed at the company's 34.4% effective rate).
- 3 of 80 tracked superinvestors hold HRL (13F, Q2 2026): 0 new, 0 added, 2 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $495K; 1 not under a Rule 10b5-1 plan ($495K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $201K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (10 analysts), mean target USD 25.31 (range 23–29).
- Total return with dividends: 1Y -6.7% vs S&P 500 +13.4%; 5Y -40.4% vs S&P 500 +76.9%.
- Next earnings: 2026-08-27, EPS estimate USD 0.37, revenue estimate $3.18B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HRL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $11.4B | $12.5B | $12.1B | $11.9B | $12.1B | $12.1B |
| Gross profit | $1.93B | $2.16B | $2.00B | $2.02B | $1.89B | — |
| Operating income | $1.12B | $1.31B | $1.07B | $1.07B | $719M | $574M |
| Net income | $909M | $1000M | $794M | $805M | $478M | $343M |
| EPS (diluted) | $1.66 | $1.82 | $1.45 | $1.47 | $0.87 | — |
| Free cash flow | $770M | $856M | $778M | $1.01B | $534M | $781M |
| Gross margin | 16.9% | 17.4% | 16.5% | 17.0% | 15.6% | — |
| Operating margin | 9.9% | 10.5% | 8.9% | 9.0% | 5.9% | 4.7% |
| Net margin | 8.0% | 8.0% | 6.6% | 6.8% | 4.0% | 2.8% |
| Revenue growth | +18.5% | +9.4% | -2.8% | -1.6% | +1.6% | — |
| Cash + short-term investments | $635M | $998M | $753M | $767M | $704M | — |
| Total debt | $3.32B | $3.30B | $3.31B | $2.86B | $2.86B | — |
Fiscal years end Oct. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 26, 2026) (HRL)
P/E 33.8x · P/E ex non-operating (est.) ≈110.6x · P/S 0.9x · EV/EBITDA 16.1x · EV/Sales 1.1x · P/FCF 14.8x · P/B 1.5x · FCF yield 6.74% · Earnings yield 2.96% · Dividend yield (paid, TTM) 5.53% · Net debt $1.99B · EV $13.6B
P/E at fiscal year-ends: Oct 2025 24.9x, Oct 2024 20.8x, Oct 2023 22.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (HRL)
3 of 80 tracked investors hold HRL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.77% | $84.3M | Reduced -0.6% |
| Bill Gates | Gates Foundation Trust | 0.15% | $51.8M | Unchanged |
| Thomas Russo | Gardner Russo & Quinn | 0.01% | $459K | Reduced -2.6% |
Insider sales (SEC Form 4, open-market, last ~7 months) (HRL)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-08 | Bhojwani Gary C. | Director | 20,200 | $495K | 24.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (HRL)
1 purchase, $201K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-05 | Newlands William A | Director | 10,000 | $201K | 20.1 | Too little history (no open-market trades in 2023–2025) |
Analysts (HRL)
Consensus Hold (mean 2.50 on a 1–5 scale), 10 analysts; mean target USD 25.31 (low 23, high 29).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Barclays | Target lowered | Overweight | $30 → $28 |
| 2026-10-07 | BNP Paribas | Target lowered | Neutral | $26 → $23 |
| 2026-08-28 | BNP Paribas | Target lowered | Neutral | $27 → $26 |
| 2026-08-14 | JP Morgan | Target raised | Neutral | $25 → $26 |
| 2026-07-14 | BNP Paribas | Target raised | Neutral | $26 → $27 |
| 2026-07-09 | Stephens & Co. | Reiterated | Equal-Weight | $25 |
| 2026-06-30 | B of A Securities | Target raised | Neutral | $25 → $27 |
Total return (dividends reinvested) (HRL)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -6.7% | -40.4% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -6.7% | -9.8% |
| Volatility (annualized) | 29.8% | 25.0% |
| Max drawdown | -26.7% (Jun 2026→Oct 2026) | -58.2% (Apr 2022→Oct 2026) |
HRL revenue by business segment (quarter ended Jul 26, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Retail | $1.78B | 60.1% | -4.3% |
| Foodservice | $1.00B | 33.9% | +1.6% |
| International | $178.7M | 6.0% | -4.7% |
| Total revenue | $2.96B | 100% | — |
HRL revenue by product line (quarter ended Jul 26, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Perishable | $2.19B | 73.9% | -1.5% |
| Shelf-stable | $772.5M | 26.1% | -4.7% |
| Total revenue | $2.96B | 100% | — |
HRL revenue by region (fiscal year ended Oct 26, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $11.44B | 94.5% | +1.4% |
| Non Us | $669.1M | 5.5% | +5.1% |
| Total revenue | $12.11B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
HRL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Walmart (WMT) | “Sales to the Company's largest customer, Walmart Inc. and its subsidiaries (Walmart), accounted for 15.6 percent of consolidated gross sales less returns and allowances during fiscal 2025.” |
| Customer | Oracle (ORCL) | “The Company is in the midst of a multi-year transformation project to achieve better analytics, customer service, and process efficiencies through the use of Oracle Cloud Solutions.” |
Quoted from the company's 10-K filed Dec 5, 2025.
HRL customer concentration
In the period ended Oct 26, 2025, a single direct customer accounted for 15.6% of revenue, per the company's 10-K filed Dec 5, 2025. The company does not name it.
HRL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $0.37 | $0.40 | -6.2% | $3.18B | 8 |
| Next quarter (ends Jan 2027) | $0.37 | $0.37 | -0.0% | $3.04B | 5 |
| Current fiscal year (ends Oct 2026) | $1.48 | $1.49 | -0.6% | $12.13B | 9 |
| Next fiscal year (ends Oct 2027) | $1.57 | $1.56 | +0.4% | $12.35B | 8 |
HRL options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 6 | 15.9% | ±1.8% |
| Nov 6, 2026 | 13 | 24.9% | ±3.9% |
| Nov 13, 2026 | 20 | 25.3% | ±5.0% |
| Nov 20, 2026 | 27 | 24.5% | ±5.8% |
| Nov 27, 2026 | 34 | 22.9% | ±5.7% |
| Dec 4, 2026 | 41 | 34.1% | ±9.3% |
| Dec 18, 2026 | 55 | 25.3% | ±8.0% |
| Jan 15, 2027 | 83 | 28.0% | ±11.2% |
30-day implied volatility 21.9% vs 22.9% realized over the last 30 trading days. Put/call ratio (volume) 0.09. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 24, 2026 at 15:02 UTC)
| Price | USD 21.06 |
|---|---|
| Change | ▼ 1.40% (down) |
| Previous Close | USD 21.36 |
| Open | USD 21.23 |
| Day Range | USD 20.89 – 21.36 |
| 52-Week Range | USD 18.96 – 26.6 |
| Volume | 3,276,568 shares |
| Market Cap | $11.59B |
| Exchange | NYQ |
Technical Analysis (HRL)
Nexqual's technical model rates HRL "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 24, 2026 at 15:02 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 59.9 (neutral) |
| vs SMA50 | Below (USD 21.15) |
| MACD | -0.05 (negative) |
Analyst Ratings (HRL)
Wall Street analysts rate HRL "Hold" based on 10 analysts, with a mean price target of USD 25.31 (range USD 23–29), per Nexqual as of October 24, 2026 at 15:02 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 10 |
| Mean Target | USD 25.31 |
| High Target | USD 29 |
| Low Target | USD 23 |
| Buy / Hold / Sell | 3 / 7 / 0 |
Earnings (HRL)
| Next Earnings Date | 2026-08-27 |
|---|---|
| EPS Estimate | USD 0.37 |
| Revenue Estimate | $3.18B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 0.37 vs est 0.35 ▲ beat |
| 2026-04-30 | USD 0.4 vs est 0.35 ▲ beat |
| 2026-01-31 | USD 0.34 vs est 0.32 ▲ beat |
| 2025-10-31 | USD 0.32 vs est 0.3 ▲ beat |
Source: Nexqual, October 24, 2026 at 15:02 UTC.
Financials & Fundamentals (HRL)
| Total Revenue | $12.15B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -2.40% |
| Gross Margin | +15.74% |
| Operating Margin | +8.62% |
| Profit Margin | +2.82% |
| ROE | +4.29% |
| Debt / Equity | 0.36 |
| Current Ratio | 1.88 |
| Total Cash | $868.45M |
| Total Debt | $2.86B |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $780.87M (6.4% of revenue) |
Source: Nexqual, October 24, 2026 at 15:02 UTC.
Financial Health Score (HRL)
Nexqual rates Hormel Foods Corporation's overall financial health "Mixed" across five dimensions, as of October 24, 2026 at 15:02 UTC.
| Growth | Mixed — Revenue +1.6% YoY (annual), slow |
|---|---|
| Profitability | Mixed — Gross margin 16%, operating 9% (last 12 months) |
| Balance Sheet | Solid — $868M cash and investments vs $2.86B debt (Jul 2026, SEC) |
| Cash Flow | Solid — FCF $781M (last 4 quarters to Jul 2026, SEC), 6% margin |
| Efficiency | Weak — ROE 4%, ROA 4.6% |
Ownership (HRL)
| Insider Ownership | +0.48% |
|---|---|
| Institutional Ownership | +91.36% |
| Shares Outstanding | 550.35M |
| Float | 290.79M |
| Short % of Float | +7.81% |
Source: Nexqual, October 24, 2026 at 15:02 UTC.
Leadership (HRL)
Hormel Foods Corporation is led by Jeffrey M. Ettinger, Interim CEO & Director, per Nexqual as of October 24, 2026 at 15:02 UTC.
| Interim CEO & Director | Jeffrey M. Ettinger |
|---|---|
| President & Director | John F. Ghingo |
| Group VP & President of Hormel Foods International | Swen Neufeldt |
| Executive VP & CFO | Ash Bhumbla |
| Senior VP & CTO | Donald Monk |
Major Backers & Investors (HRL)
Notable institutional backers of Hormel Foods Corporation include Invesco, Two Sigma Investments, LP, ProShare Advisors, LLC, according to Nexqual as of October 24, 2026 at 15:02 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 2.76% |
| Two Sigma Investments, LP | 2.24% |
| ProShare Advisors, LLC | 1.39% |
| ProShares Trust-ProShares S&P 500 Dividend Aristocrats ETF | 1.19% |
| Morgan Stanley | 1.12% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 6.21% |
| State Street | 4.7% |
| BlackRock | 3.58% |
| Dimensional Fund Advisors | 1.7% |
| Geode Capital | 1.49% |
Source: Nexqual, October 24, 2026 at 15:02 UTC.
From Hormel Foods Corporation's Latest SEC 10-K Filing (filed 2025-12-05)
Key Strengths & Strategy (as disclosed to the SEC)
- The Company has expanded its product portfolio through organic growth and acquisitions to become a global branded food company with more than $12 billion in annual revenue.
Legal & Regulatory Risks (Item 1A, quoted)
- Litigation and other legal proceedings may adversely affect the Company's reputation, results of operations, and financial condition.
- Government regulation, present and future, exposes the Company to potential sanctions and compliance costs that could adversely affect the Company's business.
- The Company's manufacturing facilities and products are also subject to ongoing inspection by federal, state, and local authorities. The loss of the availability of government inspectors, including due to a government furlough or reduction in force, could cause disruption to the Company's manufacturing facilities, which could adversely impact the Company's results of operations.
- The Company is subject to stringent environmental regulations and may be subject to environmental litigation, proceedings, and investigations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MICC | The Magnum Ice Cream Company N. | USD 19.05 | ▼ 1.75% |
| MKC-V | McCormick & Company, Incorporat | USD 48.37 | ▼ 1.73% |
| JBS | JBS N.V. | USD 12.42 | ▲ 0.4% |
| SJM | The J.M. Smucker Company | USD 129.98 | ▼ 2.56% |
| DAR | Darling Ingredients Inc. | USD 56.24 | ▲ 1.08% |
| LW | Lamb Weston Holdings, Inc. | USD 53.83 | ▼ 2.45% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 15:02 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt