Hormel Foods stock holds near $24 before earnings
Published on 08/22/2026 at 10:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hormel Foods Corporation (US4404521001) stock traded at $24.07 on August 21, 2026, with a $13.25 billion market cap and a 52-week range of $19.70 to $29.34. The next earnings date is August 29, 2026, and recent coverage puts fiscal third-quarter 2026 revenue at $3.03 billion with EPS at $0.35.
Earnings set the tone
Recent market data show the shares opened at $24.07 and the average analyst target stands at $26.57, implying a gap of $2.50 per share from the recent quote. The latest reported quarter, posted on May 27, 2026, delivered $0.40 in EPS on $2.97 billion in revenue, versus $0.35 EPS and $2.96 billion in revenue expected by analysts.
That quarter also marked a 2.6 percent year-over-year increase in revenue, while net margin came in at 3.82 percent and return on equity at 9.74 percent. For investors, the key question is whether the next report can keep revenue near $3.03 billion while defending the margin profile.
Consensus still leans cautious
Consensus data currently point to a Hold stance, with the average target at $26.57 and some recent targets clustered between $25 and $27. JPMorgan Chase raised its target to $26 on August 14, 2026, while the broader target set leaves the shares priced below the consensus view.
The stock's 50-day moving average sits at $24.93 and the 200-day moving average at $23.44, placing the recent quote between short-term and long-term trend lines. A move through either level would give traders a cleaner read on how the market is positioning ahead of the August 29 update.
What Hormel sells
Hormel Foods is known for branded refrigerated and shelf-stable food products, including SPAM, Skippy, and Applegate. The company's mix of meat, packaged foods, and deli products leaves margin execution tied closely to input costs and pricing power.
Price and setup
As of August 21, 2026, Hormel Foods traded at $24.07 in US dollars, with a market cap of $13.25 billion and a 52-week span from $19.70 to $29.34. The current setup leaves the stock below the consensus target of $26.57 but still above its 200-day average of $23.44.
Fact box
Company: Hormel Foods Corporation
ISIN: US4404521001
Ticker: HRL
Exchange: NYSE
Price (as of August 21, 2026): $24.07 USD
Market cap: $13.25 billion
Sector / Industry: Consumer Staples / Packaged Foods
Index membership: S&P 500
Next earnings date: August 29, 2026
