Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products, such as canned luncheon meats, peanut butter, chilies, shelf-stable microwaveable meals, hash, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products. The company also provides turkey products; nutritional food products and supplements; dessert and drink mixes; and industrial gelatin products. It sells its products through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is based in Austin, Minnesota.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Current SymbolNYSE:HRL
Previous Symbol
CUSIP44045210
Phone507-437-5611
Debt
Debt-to-Equity Ratio0.12
Current Ratio1.69
Quick Ratio0.78
Price-To-Earnings
Trailing P/E Ratio29.23
Forward P/E Ratio26.53
P/E Growth2.93
Sales & Book Value
Annual Sales$9.17 billion
Price / Sales2.67
Cash Flow$1.8769 per share
Price / Cash24.45
Book Value$9.36 per share
Price / Book4.90
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$846.73 million
Net Margins10.18%
Return on Equity17.44%
Return on Assets11.86%
Miscellaneous
Employees20,400
Outstanding Shares533,120,000
Market Cap$24.14 billion
OptionableOptionable
Hormel Foods (NYSE:HRL) Frequently Asked Questions
What is Hormel Foods' stock symbol?
Hormel Foods trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRL."
How often does Hormel Foods pay dividends? What is the dividend yield for Hormel Foods?
Hormel Foods announced a quarterly dividend on Monday, September 24th. Investors of record on Monday, October 22nd will be given a dividend of $0.1875 per share on Thursday, November 15th. This represents a $0.75 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, October 19th. View Hormel Foods' Dividend History.
When did Hormel Foods' stock split? How did Hormel Foods' stock split work?
Hormel Foods shares split before market open on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly minted shares were payable to shareholders after the market closes on Tuesday, February 9th 2016. An investor that had 100 shares of Hormel Foods stock prior to the split would have 200 shares after the split.
How were Hormel Foods' earnings last quarter?
Hormel Foods Corp (NYSE:HRL) announced its quarterly earnings results on Thursday, August, 23rd. The company reported $0.39 EPS for the quarter, meeting the Zacks' consensus estimate of $0.39. The business earned $2.36 billion during the quarter, compared to analysts' expectations of $2.38 billion. Hormel Foods had a net margin of 10.18% and a return on equity of 17.44%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. View Hormel Foods' Earnings History.
When is Hormel Foods' next earnings date?
How can I listen to Hormel Foods' earnings call?
Hormel Foods will be holding an earnings conference call on Tuesday, November 20th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8882543590.
What guidance has Hormel Foods issued on next quarter's earnings?
Hormel Foods updated its FY18 earnings guidance on Thursday, August, 23rd. The company provided EPS guidance of $1.81-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.81. The company issued revenue guidance of $9.4-9.6 billion, compared to the consensus revenue estimate of $9.72 billion.
What price target have analysts set for HRL?
10 brokers have issued 1-year target prices for Hormel Foods' shares. Their forecasts range from $33.00 to $50.00. On average, they anticipate Hormel Foods' share price to reach $39.6250 in the next year. This suggests that the stock has a possible downside of 13.7%. View Analyst Price Targets for Hormel Foods.
What is the consensus analysts' recommendation for Hormel Foods?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hormel Foods.
What are Wall Street analysts saying about Hormel Foods stock?
Here are some recent quotes from research analysts about Hormel Foods stock:
- 1. According to Zacks Investment Research, "Tariffs on pork have made things tough for Hormel Foods, which saw its fresh pork export volumes suffer during third-quarter fiscal 2018. The company expects risks related to tariffs to remain a hurdle for fresh pork exports. Also, weakness in the pork commodity market compelled management to trim its sales view. Moreover, Hormel Foods continues to struggle with high freight costs, which are likely to linger. Persistence of such headwinds are likely to eclipse the company’s price performance, which has outpaced the industry in the past three months. Notably, the company’s advertisement investments are yielding, evident from improvements in brands like Skippy and Natural Choice among others. Also, recent buyouts of Columbus Craft, Fontanini, and Ceratti are set to continue driving sales. These factors encouraged Hormel Foods to retain its earnings view despite freight woes, adverse currency movements and volatile commodity prices." (11/13/2018)
- 2. Jefferies Financial Group Inc analysts commented, "3Q RF segment results & outlook validate our materially less pessimistic view on commodity pork processor margins. However, these positives were offset by continuing weak results in JOTS and weaker than expected international results, which we view as transitory headwinds. LT we continue to see HRL as a core holding owing to 1) strong mgmt.; 2) potential turn in turkey cycle; and 3) M&A optionality." (8/29/2018)
Has Hormel Foods been receiving favorable news coverage?
Media coverage about HRL stock has been trending positive on Friday, InfoTrie reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Hormel Foods earned a media sentiment score of 2.8 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an impact on the stock's share price in the near future.
Who are some of Hormel Foods' key competitors?
Who are Hormel Foods' key executives?
Hormel Foods' management team includes the folowing people:
- Mr. James P. Snee, Chairman, Pres & CEO (Age 51)
- Mr. James N. Sheehan, Sr. VP & CFO (Age 63)
- Mr. Thomas R. Day, Exec. VP of Refrigerated Foods (Age 60)
- Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 58)
- Ms. Jana L. Haynes, VP, Controller & Principal Accounting Officer (Age 46)
Who are Hormel Foods' major shareholders?
Hormel Foods' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.75%), Capital International Investors (3.56%), Capital Research Global Investors (1.68%), Victory Capital Management Inc. (0.92%), Macquarie Group Ltd. (0.87%) and Fairpointe Capital LLC (0.57%). Company insiders that own Hormel Foods stock include Dakota A Pippins, Deanna T Brady, Donald H Kremin, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, James M Splinter, James N Sheehan, James P Snee, John L Morrison, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Paul Peter Dipasquale, Robert George Atkinson, Robert Nakasone, Steven G Binder, Steven J Lykken, Terrell K Crews and Thomas R Day. View Institutional Ownership Trends for Hormel Foods.
Which institutional investors are selling Hormel Foods stock?
HRL stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Macquarie Group Ltd., Fairpointe Capital LLC, BlackRock Inc., Mitsubishi UFJ Trust & Banking Corp, American International Group Inc., Scout Investments Inc. and Carillon Tower Advisers Inc.. Company insiders that have sold Hormel Foods company stock in the last year include Dakota A Pippins, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, James M Splinter, James P Snee, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Robert Nakasone, Steven G Binder, Steven J Lykken, Terrell K Crews and Thomas R Day. View Insider Buying and Selling for Hormel Foods.
Which institutional investors are buying Hormel Foods stock?
HRL stock was bought by a variety of institutional investors in the last quarter, including Capital International Investors, Capital Research Global Investors, Victory Capital Management Inc., Assenagon Asset Management S.A., Janus Henderson Group PLC, AQR Capital Management LLC, JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have bought Hormel Foods stock in the last two years include Paul Peter Dipasquale and Robert George Atkinson. View Insider Buying and Selling for Hormel Foods.
How do I buy shares of Hormel Foods?
Shares of HRL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Hormel Foods' stock price today?
One share of HRL stock can currently be purchased for approximately $45.89.
How big of a company is Hormel Foods?
Hormel Foods has a market capitalization of $24.14 billion and generates $9.17 billion in revenue each year. The company earns $846.73 million in net income (profit) each year or $1.57 on an earnings per share basis. Hormel Foods employs 20,400 workers across the globe.
What is Hormel Foods' official website?
How can I contact Hormel Foods?
Hormel Foods' mailing address is 1 HORMEL PL, AUSTIN MN, 55912. The company can be reached via phone at 507-437-5611 or via email at [email protected]
MarketBeat Community Rating for Hormel Foods (NYSE HRL)
MarketBeat's community ratings are surveys of what our community members think about Hormel Foods and other stocks. Vote "Outperform" if you believe HRL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HRL will underperform the S&P 500 over the long term. You may vote once every thirty days.
