Home Markets Dividend Growth of Hormel Foods Corporation(HRL)

Dividend Growth of Hormel Foods Corporation(HRL)


Hormel Foods Corporation(HRL) is having a Dividend Yield of 1.8% with the Annual cash Dividend per share of $0.58. The last quarter cash dividend per share pay out was $0.17. Hormel Foods Corporation has a 5 year average dividend yield of 1.7% and the stock has a Indicated annual dividend of $0.68. Hormel Foods Corporation(HRL) formally announced its most recent dividend on November 22, 2016 with a Dividend per share of $0.17. The new indicated annual dividend based on announced dividend per share is $0.68. The dividend yield based on the forward looking indicated annual dividend is 1.8%. Hormel Foods Corporation(HRL) has the most recent dividend payout ratio of 0.35 with a 5-year average payout ratio of 0.37. The 5 year historical dividend growth of Hormel Foods Corporation(HRL) is at the rate of 17.82% while the R-Squared dividend growth is 0.95. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Hormel Foods Corporation (NYSE:HRL) witnessed a decline in the market cap on Thursday as its shares dropped 1.66% or 0.63 points. After the session commenced at $37.77, the stock reached the higher end at $37.97 while it hit a low of $37.03. With the volume soaring to 3,164,122 shares, the last trade was called at $37.24. The company has a 52-week high of $45.72. The company has a market cap of $19,693 million and there are 528,801,689 shares in outstanding. The 52-week low of the share price is $33.18. Shares of Hormel Foods Corporation rose by 0.87% in the last five trading days and 2.96% for the last 4 weeks. Hormel Foods Corporation is up 4.85% in the last 3-month period. Year-to-Date the stock performance stands at 7.5%.

Currently the company Insiders own 3.54% of Hormel Foods Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.92% . Institutional Investors own 33.52% of Hormel Foods Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.92%. Company has reported several Insider transactions to the SEC, on Jan 6, 2017, Robert Nakasone (director) sold 18,502 shares at 35.90 per share price.On Jan 4, 2017, James M Splinter (Group Vice President) sold 400 shares at 35.29 per share price.On Dec 28, 2016, Dakota A Pippins (director) sold 2,000 shares at 35.22 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Hormel Foods Corp was Initiated by Piper Jaffray to Overweight on Jan 9, 2017. Hormel Foods Corp was Initiated by KeyBanc Capital Mkts to Sector Weight on Dec 2, 2016.

Hormel Foods Corp Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.45 EPS for the quarter. Analyst had a consensus estimate of $0.45. The company had revenue of $2627.90 million for the quarter, compared to analysts expectations of $2622.84 million. The companys revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Products manufactured by the corporation include hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable microwaveable entrees, salsas and frozen processed foods. These selections are sold to retail, foodservice and wholesale operations under many well-established trademarks some include BLACK LABEL, CHI-CHIS, DINTY MOORE, & HORMEL.



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