Hormel Foods manufactures and distributes meat and food products. Co.'s segments are: Grocery Products, which includes the processing, marketing, and sale of shelf-stable food products; Refrigerated Foods, which includes the processing, marketing, and sale of branded and unbranded pork, beef, and poultry products; Jennie-O Turkey Store, which includes the processing, marketing, and sale of branded and unbranded turkey products; and International and Other, which includes Co.'s subsidiary, Hormel Foods International Corporation that manufactures, markets, and sells Co.'s products internationally, and includes the operations of Co.'s international joint ventures and royalty arrangements. We show 42 historical shares outstanding datapoints in our HRL shares outstanding history coverage, used to compute HRL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HRL market cap history over the course of time is important for investors
interested in comparing HRL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HRL versus a peer is one thing; comparing
HRL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HRL can fluctuate over the course of history.
With this page we aim to empower investors researching HRL by allowing them to research the HRL market cap history. |
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Video: The Importance of Market Cap
