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Hormel Foods (HRL)

(Delayed Data from NYSE)

$35.27 USD

35.27
1,816,403

-0.33 (-0.93%)

Updated Apr 25, 2024 04:00 PM ET

After-Market: $35.27 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value B Growth D Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 3% (8 out of 251)

Industry: Food - Meat Products

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Balance Sheet

Research for HRL

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Hormel Foods Corporation falls in the month of October.

All items in Millions except Per Share data.

10/31/2023 10/31/2022 10/31/2021 10/31/2020 10/31/2019
Assets          
Cash & Equivalents 753 998 635 1,732 688
Receivables 825 875 904 744 594
Notes Receivable 0 0 0 0 0
Inventories 1,680 1,716 1,369 1,073 1,042
Other Current Assets 39 48 40 31 37
Total Current Assets 3,297 3,637 2,948 3,579 2,361
Net Property & Equipment 2,166 2,141 2,109 1,898 1,629
Investments & Advances 725 271 299 308 289
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 6,686 6,729 6,751 3,689 3,516
Deposits & Other Assets 575 529 589 434 314
Total Assets 13,449 13,307 12,696 9,908 8,109
Liabilities & Shareholders Equity 10/31/2023 10/31/2022 10/31/2021 10/31/2020 10/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 771 817 793 645 590
Current Portion Long-Term Debt 951 9 9 259 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 139 172 193 193 183
Income Taxes Payable 15 33 24 22 6
Other Current Liabilities 436 443 397 385 326
Total Current Liabilities 2,312 1,473 1,416 1,504 1,105
Mortgages 0 0 0 0 0
Deferred Taxes/Income 498 475 278 219 177
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,359 3,291 3,315 1,045 250
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 541 528 709 710 652
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 5,710 5,767 5,718 3,478 2,183
Shareholders Equity 10/31/2023 10/31/2022 10/31/2021 10/31/2020 10/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 8 8 8 8 8
Capital Surplus 506 469 360 290 185
Retained Earnings 7,493 7,313 6,882 6,523 6,128
Other Equity -268 -251 -272 -390 -395
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 7,739 7,540 6,978 6,430 5,926
Total Liabilities & Shareholder's Equity 13,449 13,307 12,696 9,908 8,109
Total Common Equity 7,739 7,540 6,978 6,430 5,926
Shares Outstanding 546.50 546.20 542.50 539.90 534.70
Book Value Per Share 14.16 13.80 12.86 11.91 11.08

Fiscal Year End for Hormel Foods Corporation falls in the month of October.

All items in Millions except Per Share data.

1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023
Assets          
Cash & Equivalents 982 753 687 598 618
Receivables 751 825 794 769 794
Notes Receivable 0 0 0 0 0
Inventories 1,578 1,680 1,738 1,746 1,730
Other Current Assets 56 39 37 50 53
Total Current Assets 3,367 3,297 3,255 3,163 3,195
Net Property & Equipment 2,156 2,166 2,131 2,119 2,124
Investments & Advances 728 725 743 742 702
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 6,684 6,686 6,722 6,725 6,727
Deposits & Other Assets 578 575 575 567 535
Total Assets 13,513 13,449 13,427 13,316 13,283
Liabilities & Shareholders Equity 1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023
Notes Payable 0 0 0 0 0
Accounts Payable 744 771 703 750 765
Current Portion Long-Term Debt 954 951 947 9 9
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 102 139 220 98 133
Income Taxes Payable 86 15 50 47 95
Other Current Liabilities 375 436 400 401 372
Total Current Liabilities 2,261 2,312 2,321 1,305 1,373
Mortgages 0 0 0 0 0
Deferred Taxes/Income 501 498 468 466 471
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,357 2,359 2,360 3,294 3,293
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 546 560 558 527
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 5,664 5,710 5,709 5,624 5,664
Shareholders Equity 1/31/2024 10/31/2023 7/31/2023 4/30/2023 1/31/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 8 8 8 8 8
Capital Surplus 530 506 499 488 477
Retained Earnings 7,557 7,493 7,448 7,435 7,381
Other Equity -246 -268 -237 -240 -247
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 7,849 7,739 7,718 7,692 7,619
Total Liabilities & Shareholder's Equity 13,513 13,449 13,427 13,316 13,283
Total Common Equity 7,849 7,739 7,718 7,692 7,619
Shares Outstanding 547.60 546.50 546.40 546.50 546.50
Book Value Per Share 14.33 14.16 14.12 14.07 13.94