Hormel Foods stock holds steady as S&P revises outlook to negative
Published on 09/11/2026 at 20:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hormel Foods stock (ISIN US4404521001) closed at USD 20.82 on the New York Stock Exchange on September 10, 2026, down 0.69% from the prior close and implying a market capitalization of about USD 11.46 billion.
S&P revises outlook to negative
According to S&P Global Ratings on September 11, 2026, the rating agency revised its outlook on Hormel Foods Corp. to negative while affirming its existing credit rating, citing a likely earnings trough in fiscal 2026 and only gradual recovery thereafter.
S&P Global Ratings stated that it expects Hormel to experience its earnings low point in the first quarter of fiscal 2026 and only stabilize over the remainder of the year, reflecting persistent margin pressure and slower-than-expected profit recovery.
Analyst targets and valuation context
Per data from MarketBeat on September 11, 2026, Hormel Foods stock trades at USD 20.82, compared with a consensus analyst price target of USD 26.14, implying about 25.5% upside if the targets are met.
According to MarketBeat, the stock’s trailing price-to-earnings ratio stands at 33.06 based on the latest twelve-month earnings, while the dividend yield is reported at 5.62%, underlining that a large portion of total return currently comes from income rather than rapid earnings growth.
MarketBeat also reports that nine analysts cover Hormel Foods, with a consensus rating of Hold and an average rating score of 2.11 on a 0 to 4 scale, based on 2 Buy ratings, 6 Hold ratings and 1 Sell rating as of September 11, 2026.
Recent performance and risk factors
The same MarketBeat overview indicates a 52-week trading range for Hormel Foods stock between USD 19.70 and USD 26.60 as of September 10, 2026, placing the latest closing price of USD 20.82 closer to the lower end of that band than to the high.
From the perspective of valuation relative to the dividend, the 5.62% yield at roughly USD 20.82 suggests that income-focused investors are being compensated while waiting for earnings to recover toward analysts’ expectations, but the negative outlook from S&P Global Ratings underscores the risk that profitability may remain subdued longer than previously anticipated.
S&P Global Ratings highlighted that margins have been under pressure and that a full restoration of Hormel’s historic earnings profile is not embedded in its base case for fiscal 2026, which is an important counter-factor to the implied upside in the current consensus price target.
Stock level and trading data
Hormel Foods stock trades on the New York Stock Exchange under the ticker HRL, with the latest closing price of USD 20.82 on September 10, 2026, and an after-hours indication around USD 20.96 in extended trading on September 11, 2026 per MarketBeat data.
Hormel Foods stock facts
- Company: Hormel Foods Corporation
- ISIN: US4404521001
- Ticker: HRL
- Trading venue: NYSE
- Price (as of September 10, 2026, 3:59 PM): 20.82 USD
- Market capitalization: 11.46 billion USD (as of September 10, 2026)
- Sector / Industry: Consumer Staples / Packaged Foods
- Index membership: S&P 500
