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

Shares of Hormel Foods Corporation split before market open on Wednesday, February 10th 2016. The 2-1 split was announced on Wednesday, November 25th 2015. The newly created shares were payable 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 earnings results on Thursday, August, 24th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.37 by $0.03. The firm 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 firm's revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company 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 issued an update on its FY17 earnings guidance on Thursday, August, 24th. The company provided earnings per share (EPS) guidance of $1.54-1.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.66.

8 brokerages have issued 12-month price objectives for Hormel Foods Corporation's shares. Their predictions range from $33.00 to $50.00. On average, they anticipate Hormel Foods Corporation's share price to reach $37.57 in the next twelve months. 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 Henkel AG & Co. (HENKY), Monster Beverage Corporation (MNST), Kao Corp. (KCRPY), General Mills (GIS), Sysco Corporation (SYY), Tyson Foods (TSN), Archer-Daniels-Midland Company (ADM), Ahold NV (ADRNY), Hershey Company (The) (HSY), Kirin Holdings (KNBWY), Kellogg Company (K), Brown Forman Corporation (BF.A), Brown Forman Corporation (BF.B), Newell Brands (NWL), Coca-Cola European Partners PLC (CCE), Molson Coors Brewing Company (TAP), Clorox Company (The) (CLX) and Dr Pepper Snapple Group (DPS).

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 institutional and retail investors. Top institutional shareholders include Tandem Investment Advisors Inc. (0.01%) and 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 sold by a variety of institutional investors in the last quarter, including Tandem Investment Advisors Inc.. Company insiders that have sold Hormel Foods Corporation stock in the last year include Dakota A Pippins, Donald H Kremin, Elsa A Murano, James M Splinter, James N Sheehan, John L Morrison, Luis G Marconi, Robert Nakasone, Steven G Binder and Thomas R Day. View Insider Buying and Selling for Hormel Foods Corporation.

Hormel Foods Corporation's stock was acquired 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 $31.51.