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Hormel Foods Corporation (HRL)

Stock Price: $46.58 USD -0.84 (-1.77%)
Updated May 14, 2021 4:00 PM EDT - Market closed
After-hours: $46.80 +0.22 (0.47%) May 14, 7:54 PM
Market Cap 25.16B
Revenue (ttm) 9.69B
Net Income (ttm) 887.49M
Shares Out 539.91M
EPS (ttm) 1.62
PE Ratio 28.75
Forward PE 27.32
Dividend $0.94
Dividend Yield 2.02%
Trading Day May 14
Last Price $46.58
Previous Close $47.42
Change ($) -0.84
Change (%) -1.77%
Day's Open 47.35
Day's Range 46.58 - 47.67
Day's Volume 1,537,219
52-Week Range 43.22 - 52.17

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WILLMAR, Minn., May 12, 2021 /PRNewswire/ -- Jennie-O Turkey Store, one of the most beloved turkey brands in the world, announced today the launch of a new product called Jennie-O® turkey burger blends.

4 days ago - PRNewsWire

Investors can make money and make the world a better place with these seven fair trade stocks. The post 7 Fair Trade Stocks to Buy If You Want to #BuildBackFairer appeared first on InvestorPlace.

Other stocks mentioned: DEO, MKC, NSRGY, SBUX, XYL
6 days ago - InvestorPlace

HAYWARD, Calif., May 6, 2021 /PRNewswire/ -- The makers of Columbus® Craft Meats, one of the fastest growing deli brands in the United States, announced the launch of Columbus® Pepperoni Paninos.

1 week ago - PRNewsWire

AUSTIN, Minn., May 3, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) invites you to participate in a conference call with Jim Snee, chairman of the board, president and chief executive office...

1 week ago - PRNewsWire

What should investors prioritize in dividend growth stocks? A history of aggressive payout expansion, and the ability to generate enough cash to keep the hikes coming.

Other stocks mentioned: ADP, APD, BEN, CLX, ERIE, ITW, LOW ...
1 week ago - Kiplinger

Hormel Foods' (HRL) strategic acquisitions and investments for boosting capacity are yielding. However, escalated costs associated with COVID-19 are a concern.

1 month ago - Zacks Investment Research

PPC vs. HRL: Which Stock Is the Better Value Option?

Other stocks mentioned: PPC
1 month ago - Zacks Investment Research

AUSTIN, Minn., March 30, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced a donation of 90,000 pounds of SKIPPY®   peanut butter products to Cons...

1 month ago - PRNewsWire

Hormel Foods Corporation (NYSE:HRL) is an American food company with global brands sold in more than 80 countries worldwide.

1 month ago - Schaeffers Research

AUSTIN, Minn., March 23, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced the appointment of Jacinth Smiley as group vice president of corporate ...

1 month ago - PRNewsWire

AUSTIN, Minn., March 22, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that its quarterly dividend on the common stock, authorized by the Boar...

1 month ago - PRNewsWire

PPC vs. HRL: Which Stock Is the Better Value Option?

Other stocks mentioned: PPC
1 month ago - Zacks Investment Research

Hormel (HRL) reported earnings 30 days ago. What's next for the stock?

1 month ago - Zacks Investment Research

Hormel Foods' (HRL) focus on innovations and prudent acquisitions has been yielding well. However, the company has been battling escalated costs associated with COVID-19.

1 month ago - Zacks Investment Research

Hormel Foods Corporation, a leading global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide, is among many companies that made strategic shifts to meet...

2 months ago - Forbes

Looking to live off of your dividends in retirement? This trio of consistent dividend payers should be on your short list.

Other stocks mentioned: MMM, O
2 months ago - The Motley Fool

PPC vs. HRL: Which Stock Is the Better Value Option?

Other stocks mentioned: PPC
2 months ago - Zacks Investment Research

If you want to own great companies, this trio of iconic dividend stocks should be right up your alley.

Other stocks mentioned: FRT, MMM
2 months ago - The Motley Fool

HENDERSON, Texas, Feb. 26, 2021 /PRNewswire/ -- Sadler's Smokehouse is donating more than 65,000 pounds of pulled pork (more than 56,000 meals*) to hunger-relief partners throughout the Southern and Mid...

2 months ago - PRNewsWire

Why Kraft Decided to Sell Planters to Hormel

YouTube video

Feb.24 -- Carlos Abrams-Rivera, Kraft Heinz Co.'s U.S. zone president, discusses the company's decision to sell its Planters snack brand to Hormel Foods Co. for $3.35 billion and says Kraft Heinz is in ...

Other stocks mentioned: KHC
2 months ago - Bloomberg Markets and Finance

AUSTIN, Minn., Feb. 22, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced the appointments of Jeff Frank to vice president of Grocery Products, le...

2 months ago - PRNewsWire

Hormel Foods' (HRL) first-quarter fiscal 2021 results reflect higher net sales driven by growth across all segments. However, earnings fell year over year.

2 months ago - Zacks Investment Research

Hormel (HRL) delivered earnings and revenue surprises of 2.50% and 3.21%, respectively, for the quarter ended January 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

AUSTIN, Minn., Feb. 18, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, today reported results for the first quarter of fiscal 2021. All comparisons are...

2 months ago - PRNewsWire

Hormel Foods' (HRL) Hormel pretzel bites and cheese tray launch is likely to boost assortment strength and help it cater to growing snack demand.

2 months ago - Zacks Investment Research

Lower demand in foodservice business is likely to get reflected in Hormel Foods' (HRL) first-quarter fiscal 2021 performance. Nonetheless, strength in some popular brands is likely to be a tailwind.

3 months ago - Zacks Investment Research

The business of snacking and power moves: Hormel CEO on why buying Planter's Peanuts made sense

YouTube video

#Planters #snacks #HormelCEO Hormel CEO Jim Snee spoke with Yahoo Finance's Brian Sozzi to discuss Hormel's recent purchase of Planters Peanuts from Kraft Heinz as well as what the future of the food in...

3 months ago - Yahoo Finance

Hormel CEO Jim Snee explains why the company bought Planters for $3.35 billion

YouTube video

Hormel CEO Jim Snee spoke with Yahoo Finance's Brian Sozzi to discuss Hormel's recent purchase of Planters Peanuts from Kraft Heinz as well as what the future of the food industry looks like after the C...

3 months ago - Yahoo Finance

Kraft Heinz U.S. president on the sale of Planters to Hormel

YouTube video

Carlos Abrams-Rivera, U.S. president of Kraft Heinz, joins "Squawk Box" to discuss the company's sale of Planters to Hormel.

Other stocks mentioned: KHC
3 months ago - CNBC Television

Hormel CEO says Planters acquisition 'checks all the boxes for us'

YouTube video

Hormel CEO Jim Snee broke down motivations behind the food producer's move to buy snack company Planters for $3.35 billion, the biggest acquisition Hormel has made in its 130 year history.

3 months ago - CNBC Television

The buyer says that financing the deal won't put its hallowed dividend in jeopardy.

Other stocks mentioned: KHC
3 months ago - The Motley Fool

Kraft Heinz to sell nuts business to Hormel for $3.35B

YouTube video

Yahoo Finance's Kristin Myers and Emily McCormick discuss Kraft Heinz earnings.

Other stocks mentioned: KHC
3 months ago - Yahoo Finance

Kraft Heinz Co (NASDAQ: KHC) confirmed Thursday the sale of its nuts business to Hormel Foods Corp (NYSE: HRL) for $3.35 billion. What Happened: The majority of products included in the transaction incl...

Other stocks mentioned: KHC
3 months ago - Benzinga

Kraft Heinz Co said on Thursday that it plans to sell its nuts business - including most Planters and Corn Nuts products - to Hormel Foods Corp for $3.35 billion, sending shares up 6%.

Other stocks mentioned: KHC
3 months ago - Reuters

It's been a chaotic few years for Mr. Peanut, who died in early 2020 and was reborn as a baby nut. Now he has a new home: Kraft is selling Planters to Hormel, the maker of Spam and Skippy, in a $3.35 bi...

Other stocks mentioned: KHC
3 months ago - CNN Business

The business, which includes most Planters products and the Corn Nuts brand, contributed about $1.1 billion to Kraft Heinz's 2020 sales.

Other stocks mentioned: KHC
3 months ago - CNBC

AUSTIN, Minn., Feb. 11, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that it has entered into a definitive agreement to acquire the Planters®...

Other stocks mentioned: KHC
3 months ago - PRNewsWire

PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (“Kraft Heinz” or the “Company”) announced today that it has entered into a definitive agreement to sell its nuts business to Hormel Foods ...

Other stocks mentioned: KHC
3 months ago - Business Wire

AUSTIN, Minn., Feb. 8, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, is breaking new ground with the launch of its latest digital thought-leadership series, "...

3 months ago - PRNewsWire

Kraft Heinz in talks to sell Planters to Hormel: Report

YouTube video

Yahoo Finance's Brian Sozzi reports on Kraft Heinz in talks to sell Planters to Hormel.

Other stocks mentioned: KHC
3 months ago - Yahoo Finance

Kraft Heinz Co. KHC -0.27% is nearing a deal to sell its Planters snack business to Skippy peanut butter owner Hormel Foods Corp. HRL 3.90% , according to people familiar with the matter.

Other stocks mentioned: KHC
3 months ago - Fox Business

Kraft Heinz nears deal to sell Planters brand to Hormel Foods

YouTube video

Kraft Heinz is nearing a deal to sell its Planters snack business to Hormel Foods, which owns Skippy Peanut Butter. CNBC's "Squawk Box" crew discuss.

Other stocks mentioned: KHC
3 months ago - CNBC Television

Planters, a 100-year-old company, was well known for its iconic Mr. Peanut mascot

Other stocks mentioned: KHC
3 months ago - Forbes

Kraft Heinz is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods for about $3 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the ...

Other stocks mentioned: KHC
3 months ago - New York Post

Kraft Heinz is nearing a deal to sell its Planters brand to Hormel for roughly $3 billion, the Wall Street Journal reported Tuesday.

Other stocks mentioned: KHC
3 months ago - CNBC

Kraft Heinz Co is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods Corp for about $3 billion, the Wall Street Journal reported https://www.wsj.com/articles/hormel-...

Other stocks mentioned: KHC
3 months ago - Reuters

PPC vs. HRL: Which Stock Is the Better Value Option?

Other stocks mentioned: PPC
3 months ago - Zacks Investment Research

AUSTIN, Minn., Feb. 1, 2021 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced that Glenn Leitch, executive vice president of supply chain, will retire ...

3 months ago - PRNewsWire

We're at the best entry point for Hormel Foods since 2017. While the market is in euphoria mode, Hormel stock is near its cheapest point of the past 10 years.

3 months ago - Seeking Alpha

Just earning income from dividend stocks can be great, but you can increase the fun by reinvesting those payouts. The post 3 Dividend Stocks to Buy That Will DRIP Steady Income appeared first on Investo...

Other stocks mentioned: AFL, MMM
3 months ago - InvestorPlace

About HRL

Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four 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-stabl... [Read more...]

Industry
Packaged Foods
Founded
1891
CEO
James Snee
Employees
20,100
Stock Exchange
NYSE
Ticker Symbol
HRL
Full Company Profile

Financial Performance

In 2020, Hormel Foods's revenue was $9.61 billion, an increase of 1.17% compared to the previous year's $9.50 billion. Earnings were $908.08 million, a decrease of -7.23%.

Financial Statements

Analyst Forecasts

According to 13 analysts, the average rating for Hormel Foods stock is "Hold." The 12-month stock price forecast is 45.75, which is a decrease of -1.78% from the latest price.

Price Target
$45.75
(-1.78% downside)
Analyst Consensus: Hold