Hormel Foods Corporation Company Profile (NYSE:HRL)

Hormel Foods Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRL."

Hormel Foods Corporation declared a quarterly dividend on Monday, September 25th. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.17 per share on Wednesday, November 15th. This represents a $0.68 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, October 20th. View Hormel Foods Corporation's Dividend History.

Shares of Hormel Foods Corporation split on the morning of Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly issued shares were issued to shareholders after the market closes on Tuesday, February 9th 2016. An investor that had 100 shares of Hormel Foods Corporation stock prior to the split would have 200 shares after the split.

Hormel Foods Corporation (NYSE:HRL) released its quarterly earnings data on Thursday, August, 24th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by $0.03. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.24 billion. Hormel Foods Corporation had a net margin of 9.38% and a return on equity of 18.90%. The company's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. View Hormel Foods Corporation's Earnings History.

Hormel Foods Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 28th 2017. View Earnings Estimates for Hormel Foods Corporation.

Hormel Foods Corporation updated its FY17 earnings guidance on Thursday, August, 24th. The company provided EPS guidance of $1.54-1.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.66.

8 analysts have issued 12 month price objectives for Hormel Foods Corporation's shares. Their forecasts range from $33.00 to $50.00. On average, they expect Hormel Foods Corporation's stock price to reach $37.57 in the next year. View Analyst Ratings for Hormel Foods Corporation.

Here are some recent quotes from research analysts about Hormel Foods Corporation stock:

• 1. According to Zacks Investment Research, "Over the last three months, Hormel Foods’ shares have underperformed and look overvalued compared to the industry. The company reported lackluster third-quarter fiscal 2017 results.  Hormel Foods noted that price inflation of major inputs like pork bellies and beef trim, as well as the ongoing Jennie-O Turkey Store segment issues stemmed the downside. However, company is poised to grow on the back of its diversified product portfolio. Higher demand for major brands such as Skippy and Justin’s, lucrative marketing programs are expected to boost near term revenues. Moreover, meaningful acquisitions and strategic growth oriented investment programs are also anticipated to underpin near term results. Over the last 7 days, Zacks Consensus Estimate for the stock remained unchanged for both fiscal 2017 and 2018." (9/11/2017)
• 2. Credit Suisse Group analysts commented, "We are maintaining our FY 17 EPS estimate of $1.72. Our estimate for 10% EPS growth in FY 18 indicates our conviction that the benefit to Hormel’s value-added products from higher raw material availability (even if it comes from third parties) outweighs the negative from lower fresh pork margins as new industry capacity comes on-line." (11/23/2016)

Some companies that are related to Hormel Foods Corporation include Monster Beverage Corporation (MNST), Kao Corp. (KCRPY), General Mills (GIS), Sysco Corporation (SYY), Heineken NV (HEINY), Tyson Foods (TSN), Archer-Daniels-Midland Company (ADM), Hershey Company (The) (HSY), Ahold NV (ADRNY), Kirin Holdings (KNBWY), Brown Forman Corporation (BF.A), Swatch Group AG (SWGAY), Kellogg Company (K), Brown Forman Corporation (BF.B), Newell Brands (NWL), Coca-Cola European Partners PLC (CCE), Molson Coors Brewing Company (TAP) and Carlsberg A/S (CABGY).

Hormel Foods Corporation's management team includes the folowing people:

• Jeffrey M. Ettinger, Chairman of the Board
• James P. Snee, Chairman of the Board, President, Chief Executive Officer
• James N. Sheehan, Chief Financial Officer, Senior Vice President
• Steven G. Binder, Executive Vice President, President - Hormel Business Units
• Lori J. Marco, Senior Vice President - External Affairs and General Counsel
• Lawrence C. Lyons, Senior Vice President - Human Resources
• Bryan D. Farnsworth, Senior Vice President - Supply Chain
• Kevin L. Myers Ph.D., Senior Vice President - Research & Development
• Jana L. Haynes, Vice President, Controller
• Gary D. Jamison, Vice President, Treasurer

Hormel Foods Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Curbstone Financial Management Corp (0.01%). Company insiders that own Hormel Foods Corporation stock include Brian Dean Johnson, Bryan D Farnsworth, Dakota A Pippins, Deanna T Brady, Donald H Kremin, Elsa A Murano, Glenn R Leitch, James M Splinter, James N Sheehan, Jody H Feragen, John L Morrison, Larry L Vorpahl, Luis G Marconi, Paul Peter Dipasquale, Robert George Atkinson, Robert Nakasone, Roland G Gentzler, Steven G Binder and Thomas R Day. View Institutional Ownership Trends for Hormel Foods Corporation.

Hormel Foods Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Curbstone Financial Management Corp. Company insiders that have bought Hormel Foods Corporation stock in the last two years include Paul Peter Dipasquale and Robert George Atkinson. View Insider Buying and Selling for Hormel Foods Corporation.

Shares of Hormel Foods Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Hormel Foods Corporation stock can currently be purchased for approximately $31.52.