Hormel Foods Corporation (HRL): What’s the Story?

Hormel Foods Corporation (HRL) is an interesting player in the Consumer Goods space, with a focus on Meat Products. The stock has been active on the tape, currently trading at $36.36, down from yesterday’s close by -0.68%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Hormel Foods Corporation (HRL) currently trades with a market capitalization of $18.96 Billion. That value represents a market adjusting for revenues that have been growing by 6.55 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $913.35 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.41 on a per share basis this quarter. Perhaps, that suggests something about why 0.89% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how HRL has been acting. Looking at the stock’s movement on the chart, Hormel Foods Corporation recorded a 52-week high of $38.00. It is now trading 1.64% off that level. The stock is trading $35.82 its 50-day moving average by -0.54%. The stock carved out a 52-week low down at $29.75.

In recent action, Hormel Foods Corporation (HRL) has made a move of +0.78% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 12.33% with $269.66 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HRL.

Previous articleDigging Up the Facts on McDonald’s Corporation (MCD)
Next articleChecking the Overall Picture for American Tower Corporation (REIT) (AMT)