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, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.
Read More…
Industry, Sector and Symbol
Industry Meat packing plants
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Phone507-437-5611
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$9.55 billion
Profitability
Miscellaneous
Employees20,100
Next Earnings Date11/19/2019 (Estimated)
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 declared a quarterly dividend on Tuesday, May 21st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.21 per share on Thursday, August 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, July 12th. View Hormel Foods' Dividend History.
When did Hormel Foods' stock split? How did Hormel Foods' stock split work?
Hormel Foods shares 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 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) posted its quarterly earnings data on Thursday, August, 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. Hormel Foods had a net margin of 10.34% and a return on equity of 16.75%. The company's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. View Hormel Foods' Earnings History.
When is Hormel Foods' next earnings date?
What guidance has Hormel Foods issued on next quarter's earnings?
Hormel Foods updated its FY19 earnings guidance on Thursday, August, 22nd. The company provided earnings per share guidance of $1.71-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.73. The company issued revenue guidance of $9.50-10.0 billion, compared to the consensus revenue estimate of $9.53 billion.
What price target have analysts set for HRL?
11 equities research analysts have issued 12 month target prices for Hormel Foods' stock. Their forecasts range from $35.00 to $46.00. On average, they expect Hormel Foods' stock price to reach $39.5556 in the next year. This suggests that the stock has a possible downside of 7.6%. View Analyst Price Targets for Hormel Foods.
What is the consensus analysts' recommendation for Hormel Foods?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last year. There are currently 3 sell ratings, 7 hold ratings and 1 buy rating 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, "Hormel Foods’ shares have outpaced the industry in the past three months. The company is gaining on solid advertising, innovation and synergies from buyouts of Columbus, Fontanini and Ceratti. Further, continued strength in its Refrigerated Foods segment has been aiding Hormel Foods, which topped earnings and sales estimates in third-quarter fiscal 2019. During the quarter, Refrigerated Foods benefited from value-added growth, effective pricing and innovation. However, results were affected by a dismal show by the Grocery Products unit, which was hit by CytoSport’s divestiture and elevated avocado costs. Moreover, the pork market remained challenged, and exports were hurt by the African swine fever and tariffs. Further, Hormel Foods battled input cost inflation during the quarter, which is expected to persist." (8/27/2019)
- 2. Jefferies Financial Group Inc analysts commented, "HRL reported 1Q19 EPS of $0.44 which was 2c (or 4%) above our estimate & in line with consensus. Lower corporate expenses drove the beat relative to our estimates. FY19 guidance was maintained and implies a significant acceleration in segment EBIT for the remainder of the year. Management commentary points to RF, GP and International profit trends being in line or higher than expected while JOTS is trending below. 1Q19 operating results were in line with consensus and 3% above our estimate. 1Q sales came in ~$46M or ~2% below our estimate and $32M or ~1% below consensus. The sales miss was driven primarily by a lesser extent Grocery Products. EBIT beat our estimate by $8M or 3% but was in line with consensus. The EBIT beat at the segment level was primarily driven by lower corporate expense, while segment EBIT was generally in line with our estimate." (2/21/2019)
Has Hormel Foods been receiving favorable news coverage?
Media stories about HRL stock have trended somewhat negative on Monday, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Hormel Foods earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Hormel Foods.
Who are some of Hormel Foods' key competitors?
Some companies that are related to Hormel Foods include Mondelez International (MDLZ), British American Tobacco (BTI), Altria Group (MO), AMBEV S A/S (ABEV), Unilever (UL), Estee Lauder Companies (EL), Heineken (HEINY), Colgate-Palmolive (CL), Danone (DANOY), RECKITT BENCKIS/S (RBGLY), PERNOD RICARD S/ADR (PDRDY), Kimberly Clark (KMB), SWATCH GRP AG/ADR (SWGAY), HENKEL AG & CO/S (HENKY) and SYSCO (SYY).
What other stocks do shareholders of Hormel Foods own?
Who are Hormel Foods' key executives?
Hormel Foods' management team includes the folowing people:
- Mr. James P. Snee, Chairman, Pres & CEO (Age 52)
- Mr. James N. Sheehan, Exec. VP & CFO (Age 64)
- Mr. Thomas R. Day, Exec. VP of Refrigerated Foods (Age 61)
- Mr. Glenn R. Leitch, Exec. VP of Supply Chain (Age 59)
- Mr. James M. Splinter, Group VP of Corp. Strategy (Age 57)
Who are Hormel Foods' major shareholders?
Hormel Foods' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.34%), BlackRock Inc. (4.68%), BlackRock Inc. (4.68%), Janus Henderson Group PLC (0.73%), Janus Henderson Group PLC (0.73%) and Northern Trust Corp (0.68%). Company insiders that own Hormel Foods stock include Dakota A Pippins, Deanna T Brady, Elsa A Murano, Gary Jamison, Glenn R Leitch, Glenn S Forbes, James M Splinter, James N Sheehan, James P Snee, Jana L Haynes, John L Morrison, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Robert Nakasone, Steven G Binder, Steven J Lykken, Susan K Nestegard, 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 APG Asset Management N.V., Bank of New York Mellon Corp, Robeco Institutional Asset Management B.V., TD Asset Management Inc., JPMorgan Chase & Co., Renaissance Technologies LLC, Retirement Systems of Alabama and Victory Capital Management 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 S Forbes, James M Splinter, James N Sheehan, James P Snee, Jana L Haynes, Kevin L Myers, Larry L Vorpahl, Lori J Marco, Luis G Marconi, Mark A Coffey, Robert Nakasone, Susan K Nestegard, 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 purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., BlackRock Inc., First Trust Advisors LP, Unigestion Holding SA, Vanguard Group Inc., California Public Employees Retirement System and Janus Henderson Group PLC. 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, Robinhood, Fidelity and Charles Schwab.
What is Hormel Foods' stock price today?
One share of HRL stock can currently be purchased for approximately $42.7950.
How big of a company is Hormel Foods?
Hormel Foods has a market capitalization of $22.85 billion and generates $9.55 billion in revenue each year. The company earns $1.01 billion in net income (profit) each year or $1.89 on an earnings per share basis. Hormel Foods employs 20,100 workers across the globe.View Additional Information About Hormel Foods.
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.
