How Much Would It Take To Earn $100 A Month From Hormel Foods Stock

Hormel Foods Corporation HRL develops, processes and distributes various meat, nuts and other food products to food service, convenience stores and commercial customers in the United States and internationally.

It will report its Q1 2025 earnings on February 27. Wall Street analysts expect the company to post an EPS of $0.39, down from $0.41 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $2.96 billion, down from $3 billion in the year-ago period.

The 52-week Hormel Foods stock price range was $28.51 to $36.86.

Hormel Foods’ dividend yield is 3.92%. During the last 12 months, it paid $1.16 per share in dividends.

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The Latest On Hormel Foods

On December 4, 2024, the company announced its Q4 2024 earnings, posting an adjusted earnings per share of 42 cents, in line with the street view, as reported by Benzinga.

Quarterly sales of $3.138 billion missed the analyst consensus estimate of $3.144 billion. Gross Profit in the quarter under review totaled $521.230 million, compared with $514.425 million a year ago.

Hormel Foods has projected net sales for 2025 to range between $11.9 billion and $12.2 billion, compared to the $12.23 billion estimate. The company also expects adjusted diluted earnings per share to be between $1.58 and $1.72, compared to the $1.68 estimate.

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How Can You Earn $100 Per Month As A Hormel Foods Investor?

If you want to make $100 per month — $1,200 annually — from Hormel Foods dividends, your investment value needs to be approximately $30,612, around 1,034 shares at $29.6 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.92% in this case). So, $1,200 / 0.0392 = $30,612 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Hormel Foods stock an attractive option for making a steady income of $100 per month by owning 1,034 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Hormel Foods has raised its dividend consecutively for the last 386 quarters. 

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