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. 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 headquartered in Austin, Minnesota.
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 Date5/23/2019 (Confirmed)
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 annualized dividend and a yield of 2.15%. 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?
Shares of Hormel Foods 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 closing bell 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) released its earnings results on Thursday, May, 23rd. The company reported $0.46 EPS for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.01. The firm earned $2.34 billion during the quarter, compared to analysts' expectations of $2.37 billion. Hormel Foods had a net margin of 9.93% and a return on equity of 17.58%. Hormel Foods's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. 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, May, 23rd. The company provided earnings per share guidance of $1.71-1.85 for the period, compared to the Thomson Reuters consensus estimate of $1.80. The company issued revenue guidance of $9.5-10.0 billion, compared to the consensus revenue estimate of $9.68 billion.Hormel Foods also updated its FY 2019 guidance to $1.71-1.85 EPS.
What price target have analysts set for HRL?
11 equities research analysts have issued 12 month price objectives for Hormel Foods' stock. Their forecasts range from $33.00 to $50.00. On average, they expect Hormel Foods' share price to reach $39.4444 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price. 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 4 sell ratings, 6 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’ boasts a strong brand portfolio, which has been boosting its segments. In fact, strong brands are fueling the company’s refrigerated foods and international categories performances. Improved results from the China business are also driving growth in the international unit. Further, the company is focusing on effective advertising and innovations. It also engages in strategic buyouts to boost portfolio. In this respect, the buyouts of Columbus, Fontanini and Ceratti businesses are yielding. Apart from these, Hormel Foods, whose shares have increased in the past month, is committed toward dividend payments and share buybacks. On the flip side, volatility in tariff rates are denting fresh pork export volumes. Management expects global trade uncertainties to continue posing hurdles for pork exports. Moreover, reduced retail volumes are a headwind for the Jennie-O Turkey Store segment." (3/1/2019)
- 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 coverage about HRL stock has been trending somewhat positive on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Hormel Foods earned a news impact score of 2.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the near future.
Are investors shorting Hormel Foods?
Hormel Foods saw a increase in short interest in the month of April. As of April 30th, there was short interest totalling 40,525,674 shares, an increase of 1.9% from the April 15th total of 39,769,649 shares. Based on an average trading volume of 3,559,852 shares, the days-to-cover ratio is presently 11.4 days. Approximately 14.6% of the shares of the stock are sold short. View Hormel Foods' Current Options Chain.
Who are some of Hormel Foods' key competitors?
Some companies that are related to Hormel Foods include British American Tobacco (BTI), Mondelez International (MDLZ), Unilever (UL), AMBEV S A/S (ABEV), Heineken (HEINY), Colgate-Palmolive (CL), Estee Lauder Companies (EL), RECKITT BENCKIS/S (RBGLY), Danone (DANOY), PERNOD RICARD S/ADR (PDRDY), Kimberly Clark (KMB), JAPAN TOB INC/ADR (JAPAY), Keurig Dr Pepper (KDP), Constellation Brands (STZ) and Constellation Brands (STZ.B).
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 institutional and retail investors. Top institutional investors include BlackRock Inc. (4.44%), Mairs & Power INC (1.08%), Geode Capital Management LLC (0.76%), Victory Capital Management Inc. (0.74%), Janus Henderson Group PLC (0.67%) and Northern Trust Corp (0.67%). 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, 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 Wellington Management Group LLP, Charles Schwab Investment Management Inc., First Trust Advisors LP, Macquarie Group Ltd., American International Group Inc., Geode Capital Management LLC, Mairs & Power INC and Goldman Sachs Group 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 N Sheehan, 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, 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 Janus Henderson Group PLC, Robeco Institutional Asset Management B.V., Renaissance Technologies LLC, California Public Employees Retirement System, Envestnet Asset Management Inc., Retirement Systems of Alabama, BlackRock Inc. and Principal Financial Group Inc.. 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 $39.13.
How big of a company is Hormel Foods?
Hormel Foods has a market capitalization of $20.96 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.
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.
