How to Buy Hormel Foods Stock
Hormel Foods Corp
Hormel Foods is a food company located in Minnesota, United States, which is part of the Consumer Defensive sector, and is traded under the ticker HRL on the NYSE exchange.
Hormel Foods stock last closed at $35.27, down 0.93% from the previous day, and has decreased 11.87% in one year. It has overperformed other stocks in the Packaged Foods industry by 0.07 percentage points. Hormel Foods stock is currently +23.71% from its 52-week low of $28.51, and -15.48% from its 52-week high of $41.73.
As of Apr 25, 2024, there are 547.69M HRL shares outstanding. The market capitalization of HRL is $19.32B. In the last 24 hours, 1.74M HRL shares were traded.
How to Buy Hormel Foods Stock
Wondering how to invest in Hormel Foods stock? Here's how.
- Choose where to buy Hormel Foods stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Hormel Foods stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Choose your method of payment and add your information.
- Research Hormel Foods stock: The Hormel Foods ticker symbol is HRL. Is Hormel Foods stock a good investment? Should you buy shares of HRL? How do HRL's underlying business fundamentals look? Do top analysts think Hormel Foods is a good buy? Why has HRL's stock price moved recently? (Hint: Our stock market research tools can help you decide if HRL is a good stock to buy).
- Execute your HRL purchase: Decide if you will purchase HRL shares at the current market price or use a limit order to buy HRL shares at a given price.
- Track your investment in HRL: Create a watchlist to track your investment in Hormel Foods stock.
Step 1: Choose where to buy Hormel Foods stock
You will need a brokerage account in order to access the NYSE market and buy HRL shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal details so you can buy HRL stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on stock apps to use, your next step is to transfer the money for your investment:
Watch the video below if you need help transferring funds into your new brokerage account.
Step 4: Research Hormel Foods stock
Once you have chosen the best place to buy Hormel Foods stock, it's very important to research their stock before you buy, so you can understand the risk as well as the upside.
Hormel Foods stock data
HRL Due Diligence Checks
WallStreetZen was created to help everyday investors perform better fundamental analysis.
You can see all of the due diligence checks on HRL's stock page.
Is HRL stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge HRL's true value.
Using relative valuations ratios:
- HRL could be overvalued based on its P/E ratio of 24.16x, relative to Packaged Foods industry P/E ratio of 8.56x
- HRL may be overvalued based on its P/B ratio of 2.46x, relative to Packaged Foods industry P/B ratio of 2.17x
- HRL may be undervalued based on its PEG ratio of 0.64x
You can do more valuation analysis on HRL's stock here.
How do HRL Financials look?
Positive Financial Indicators:
- HRL earnings of $1.09B is not enough to cover its interest payments.
- HRL's operating cash flow of $1.25B allows it to safely service it's debt of $3.31B.
- There are more short-term assets than short-term liabilities on the HRL balance sheet.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the HRL balance sheet.
- HRL has a relatively high debt to equity ratio of 0.72.
- HRL profit margin has gone down from 7.9% to 6.5% in the past year.
- Total HRL debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy Hormel Foods stock
Out of 4 Wall Street analysts who research HRL, the consensus analyst rating on HRL is a Sell
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Hormel Foods stock forecast page.
HRL Technicals
How is HRL performing as a company?
Last year, HRL earnings were $794.72M. Over the past 5 year, HRL's earnings have increased by -3.99% per year. This was slower than the Packaged Foods industry average of 8.45%.
Last year, HRL revenue was $12.14B. Over the past five year, HRL's revenue has increased by 4.85% per year. This was slower than the Packaged Foods industry average of 5.55%.
Dive into HRL's earnings and revenue performance here.
What are HRL executives and large shareholders up to?
Over the past 12 months, executives and large shareholders at HRL have sold more shares than they have bought.
Elsa A. Murano, Director of HRL, was the latest HRL insider to sell. They sold $151,067.60 worth of HRL stock on Apr 2, 2024.
Research more about who owns HRL shares here.
Does HRL stock generate passive income?
Hormel Foods pays a dividend of 3.16%, compared to the Packaged Foods industry's average dividend yield of 3.38%. If you owned $1,000 worth of HRL stock, you would have been paid $31.61 in the past year.
Hormel Foods dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Hormel Foods dividend yield and history here.
What do other traders have to say about HRL?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your HRL purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open button and your broker will execute the order.
If you require more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Track your investment in HRL
Now that you own some HRL stock, you'll want to keep up with your new investment.
Add HRL to a watchlist to get notified of important updates regarding your HRL stock.
HRL Feed
How to Buy Stock in Hormel Foods
To summarize, here are the 6 steps to buy stock in Hormel Foods:
- Choose where to buy Hormel Foods stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Research Hormel Foods stock
- Execute your HRL purchase
- Track your investment in HRL
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your investment in Hormel Foods, click below.
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