Hormel Foods (HRL) Stock Forecast for 2023 – 2026. Sell or Buy Prediction

Hormel Foods (HRL) Stock Forecast for 2023 – 2026. Sell or Buy?

Updated: December 8, 2023 (09:12)

Sector: Consumer defensive

The share price of Hormel Foods Corp. (HRL) now

Latest session on the 7th of December for
Hormel Foods Corp. is negative
Trading Volume: 2546704
Open: 32 /  High: 32.05 /  Low: 31.52
What analysts predict: $30.14
52-week High/Low: $46.4 / $30.12

50/200 Day Moving Average: $33.4 / $38.33

This figure corresponds to the Average Price over the previous 50/200 days. For Hormel Foods stocks, the 50-day moving average is the resistance level today.

For Hormel Foods stocks, the 200-day moving average is the resistance level today.

Are you interested in Hormel Foods Corp. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Hormel Foods stock price in 2024, 2025, 2026, 2027, 2028. How much will one Hormel Foods share be worth in 2024 - 2028?

When should I take profit in Hormel Foods stock? When should I record a loss on Hormel Foods stock? What are analysts' forecasts for Hormel Foods stock? What is the future of Hormel Foods stock? We forecast Hormel Foods stock performance using neural networks based on historical data on Hormel Foods stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

Hormel Foods stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Hormel Foods shares. This happens once a day.




Historical and forecast chart of Hormel Foods stock

The chart below shows the historical price of Hormel Foods stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Hormel Foods stock price can be found in the table below.

Long-term forecasts by years.

Hormel Foods Corporation manufactures and markets a variety of meat and food products to retail, food service, deli, and commercial customers in the United States and overseas. The company operates in four segments: grocery, chilled food, Jennie-O store in Turkey, and international and other products.

Hormel Foods daily forecast for a month

Date Target Pes. Opt. Vol., %
Dec 10 32.09 31.95 32.40 1.40
Dec 11 32.21 31.95 32.48 1.66
Dec 12 32.27 32.13 32.36 0.73
Dec 13 32.06 31.97 32.23 0.80
Dec 14 32.35 32.19 32.63 1.36
Dec 15 32.39 32.28 32.47 0.60
Dec 16 32.35 32.13 32.64 1.58
Dec 17 32.35 32.08 32.50 1.31
Dec 18 32.00 31.75 32.28 1.68
Dec 19 31.70 31.56 32.00 1.38
Dec 20 31.66 31.58 31.88 0.95
Dec 21 32.07 31.92 32.17 0.76
Dec 22 31.94 31.73 32.09 1.14
Dec 23 31.89 31.61 32.15 1.72
Dec 24 31.69 31.46 31.97 1.64
Dec 25 31.56 31.45 31.69 0.74
Dec 26 31.58 31.45 31.74 0.93
Dec 27 31.44 31.29 31.55 0.81
Dec 28 31.19 30.94 31.49 1.76
Dec 29 30.86 30.61 31.14 1.73
Dec 30 30.81 30.63 30.93 0.95
Dec 31 30.64 30.48 30.95 1.52
Jan 01 30.67 30.41 30.79 1.27
Jan 02 30.50 30.20 30.61 1.37
Jan 03 30.69 30.50 30.97 1.54
Jan 04 31.04 30.74 31.13 1.26
Jan 05 31.25 31.16 31.35 0.61
Jan 06 31.37 31.08 31.58 1.61
Jan 07 31.57 31.44 31.66 0.68
Jan 08 31.49 31.19 31.65 1.48

Hormel Foods Daily Price Targets


Hormel Foods Stock Forecast 12-10-2023.

Forecast target price for 12-10-2023: $32.09.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 1.378%.
Pessimistic target level: 31.95
Optimistic target level: 32.40

Hormel Foods Stock Forecast 12-11-2023.

Forecast target price for 12-11-2023: $32.21.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 1.637%.
Pessimistic target level: 31.95
Optimistic target level: 32.48

Hormel Foods Stock Forecast 12-12-2023.

Forecast target price for 12-12-2023: $32.27.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 0.726%.
Pessimistic target level: 32.13
Optimistic target level: 32.36

Hormel Foods Stock Forecast 12-13-2023.

Forecast target price for 12-13-2023: $32.06.
Negative dynamics for Hormel Foods shares will prevail with possible volatility of 0.789%.
Pessimistic target level: 31.97
Optimistic target level: 32.23

Hormel Foods Stock Forecast 12-14-2023.

Forecast target price for 12-14-2023: $32.35.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 1.341%.
Pessimistic target level: 32.19
Optimistic target level: 32.63

Hormel Foods Stock Forecast 12-15-2023.

Forecast target price for 12-15-2023: $32.39.
Positive dynamics for Hormel Foods shares will prevail with possible volatility of 0.597%.
Pessimistic target level: 32.28
Optimistic target level: 32.47

HRL (HRL) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jan. 32.40 30.97 32.95 6.02
Feb. 32.17 31.05 33.62 7.64
Mar. 32.00 31.38 33.46 6.20
Apr. 32.63 31.36 33.24 5.65
May. 31.89 31.47 32.79 4.03
Jun. 33.55 33.15 34.72 4.52
Jul. 33.55 32.52 34.14 4.72
Aug. 33.41 32.83 34.97 6.13
Sep. 32.99 31.49 34.06 7.56
Oct. 32.16 31.60 33.66 6.13
Nov. 31.60 30.61 32.02 4.38
Dec. 30.10 28.75 31.33 8.24

Hormel Foods forecast for this year


Hormel Foods Stock Prediction for Jan 2024

An uptrend is forecast for this month with an optimal target price of $32.4042. Pessimistic: $30.97. Optimistic: $32.95


Hormel Foods Stock Prediction for Feb 2024

An downtrend is forecast for this month with an optimal target price of $32.1709. Pessimistic: $31.05. Optimistic: $33.62


Hormel Foods Stock Prediction for Mar 2024

An downtrend is forecast for this month with an optimal target price of $31.9972. Pessimistic: $31.38. Optimistic: $33.46


Hormel Foods Stock Prediction for Apr 2024

An uptrend is forecast for this month with an optimal target price of $32.6307. Pessimistic: $31.36. Optimistic: $33.24


Hormel Foods Stock Prediction for May 2024

An downtrend is forecast for this month with an optimal target price of $31.8867. Pessimistic: $31.47. Optimistic: $32.79


Hormel Foods Stock Prediction for Jun 2024

An uptrend is forecast for this month with an optimal target price of $33.5512. Pessimistic: $33.15. Optimistic: $34.72


Hormel Foods Stock Prediction for Jul 2024

An downtrend is forecast for this month with an optimal target price of $33.5512. Pessimistic: $32.52. Optimistic: $34.14


Hormel Foods Stock Prediction for Aug 2024

An downtrend is forecast for this month with an optimal target price of $33.4103. Pessimistic: $32.83. Optimistic: $34.97


Hormel Foods Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $32.9893. Pessimistic: $31.49. Optimistic: $34.06


Hormel Foods Stock Prediction for Oct 2024

An downtrend is forecast for this month with an optimal target price of $32.158. Pessimistic: $31.60. Optimistic: $33.66


Hormel Foods Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $31.5984. Pessimistic: $30.61. Optimistic: $32.02


Hormel Foods Stock Prediction for Dec 2024

An downtrend is forecast for this month with an optimal target price of $30.1007. Pessimistic: $28.75. Optimistic: $31.33



Hormel Foods (HRL) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 29.52 28.89 30.75 6.05
Feb 29.31 28.27 30.56 7.48
Mar 29.15 28.17 30.08 6.34
Apr 30.74 30.21 31.67 4.60
May 31.76 30.84 32.35 4.65
Jun 32.81 31.74 33.30 4.67
Jul 33.10 32.11 34.27 6.32
Aug 33.46 32.80 34.46 4.84
Sep 34.20 33.34 35.45 5.96
Oct 35.08 34.39 35.67 3.60
Nov 33.93 32.32 35.17 8.10
Dec 33.99 32.58 34.70 6.11

Hormel Foods (HRL) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 33.29 31.78 34.89 8.93
Feb 33.47 32.87 34.20 3.88
Mar 35.02 34.54 36.07 4.25
Apr 33.84 32.87 35.45 7.28
May 33.50 32.27 34.22 5.70
Jun 32.73 31.79 33.58 5.32
Jul 33.34 32.60 34.22 4.74
Aug 34.98 34.14 36.56 6.60
Sep 35.93 35.50 36.94 3.91
Oct 35.30 34.65 35.83 3.31
Nov 35.28 34.73 36.83 5.69
Dec 34.99 33.96 35.83 5.21

Hormel Foods (HRL) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 34.82 34.15 35.78 4.55
Feb 35.78 34.38 36.83 6.64
Mar 35.86 34.44 37.24 7.51
Apr 34.14 32.96 35.60 7.42
May 34.39 33.01 35.05 5.83
Jun 33.83 32.55 35.07 7.18
Jul 33.28 32.31 33.68 4.09
Aug 33.72 32.23 34.94 7.76
Sep 33.32 32.06 33.72 4.92
Oct 34.14 32.60 35.18 7.34
Nov 33.91 33.18 34.50 3.83
Dec 34.81 33.66 35.62 5.51

Hormel Foods (HRL) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 34.08 32.89 34.92 5.80
Feb 33.40 32.74 34.34 4.67
Mar 33.66 32.86 34.92 5.90
Apr 33.93 32.60 34.98 6.81
May 32.95 32.43 34.51 6.01
Jun 33.23 32.65 34.70 5.92
Jul 33.29 32.13 33.82 5.02
Aug 32.91 31.88 33.50 4.83
Sep 32.20 31.81 33.04 3.74
Oct 33.14 32.62 34.12 4.37
Nov 32.39 31.94 33.57 4.86
Dec 33.01 32.22 34.26 5.95

Hormel Foods information and performance

Hormel Foods Address

1 HORMEL PL, AUSTIN, MN, US

Market Capitalization: 17 432 744 000 $

Market capitalization of the Hormel Foods Corp. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of HRL shares in the company outstanding by the market price of one share.

EBITDA: 1 310 985 000 $

EBITDA of Hormel Foods is earnings before interest, income tax and depreciation of assets.

PE Ratio: 22

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 4.688

Price/earnings to growth

DPS: 1.1

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.0361

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 1.45

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.297
Quarterly Revenue Growth YOY: -0.026
Trailing PE: 22

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 20.58

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 1.651

Enterprise Value (EV) /Revenue

EV To EBITDA: 14.91

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 546481000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Hormel Foods (HRL) stock dividend

Hormel Foods last paid dividends on 01/12/2024. The next scheduled payment will be on 11/15/2023. The amount of dividends is $1.1 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.