Hormel Foods Corporation (HRL)

NYSE: HRL · IEX Real-Time Price · USD
35.11
+0.36 (1.04%)
At close: May 24, 2024, 4:00 PM
35.23
+0.12 (0.34%)
Pre-market: May 28, 2024, 4:00 AM EDT
1.04%
Market Cap 19.23B
Revenue (ttm) 12.14B
Net Income (ttm) 794.72M
Shares Out 547.69M
EPS (ttm) 1.46
PE Ratio 24.05
Forward PE 23.00
Dividend $1.13 (3.22%)
Ex-Dividend Date Jul 15, 2024
Volume 2,474,636
Open 34.88
Previous Close 34.75
Day's Range 35.11 - 35.11
52-Week Range 28.51 - 41.73
Beta 0.27
Analysts Sell
Price Target 31.00 (-11.71%)
Earnings Date May 30, 2024

About HRL

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable... [Read more]

Industry Packaged Foods
Founded 1891
Employees 20,000
Stock Exchange NYSE
Ticker Symbol HRL
Full Company Profile

Financial Performance

In 2023, Hormel Foods's revenue was $12.11 billion, a decrease of -2.80% compared to the previous year's $12.46 billion. Earnings were $793.57 million, a decrease of -20.64%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for HRL stock is "Sell." The 12-month stock price forecast is $31.0, which is a decrease of -11.71% from the latest price.

Price Target
$31.0
(-11.71% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Hormel Foods Corporation Declares Quarterly Dividend

AUSTIN, Minn. , May 20, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by ...

7 days ago - PRNewsWire

MegaMex Foods Debuts HERDEZ® Quemada Charred Salsas

A line of complex and deeply charred salsas to elevate operators' menus. ORANGE, Calif.

11 days ago - PRNewsWire

Hormel Foods Announces Appointment of Colleen Batcheler as Senior Vice President, External Affairs & General Counsel

AUSTIN, Minn. , May 9, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that Colleen Batcheler has been appointed to the role of se...

18 days ago - PRNewsWire

Planters nuts recalled after discovery of potentially fatal contamination

Healthy individuals who consume the organism could suffer short-term symptoms like high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, according to the voluntarily issued reca...

22 days ago - New York Post

Hormel Foods Corporation to Hold Second Quarter Earnings Conference Call

AUSTIN, Minn. , May 1, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call ...

26 days ago - PRNewsWire

PLANTERS® Brand Adds a Tangy Twist to its Flavored Cashews Portfolio: Salt & Vinegar

The PLANTERS ®  brand redefines the snacking experience with the introduction of its latest delicious and innovative flavored cashews AUSTIN, Minn. , May 1, 2024 /PRNewswire/ -- Building upon the succ...

26 days ago - PRNewsWire

Loaded Taco Joins the Bold Flavor Lineup of the CORN NUTS® Brand

Available at retailers and convenience stores nationwide, the makers of the CORN NUTS® brand now offering Loaded Taco Flavor corn kernels AUSTIN, Minn. , April 30, 2024 /PRNewswire/ -- The craveable c...

27 days ago - PRNewsWire

Makers of the HORMEL® NATURAL CHOICE® Brand Reintroduce Chicken and Roast Beef Varieties to Portfolio of Delicious Deli Products

HORMEL® NATURAL CHOICE® Rotisserie Seasoned Deli Chicken Breast and Deli Roast Beef are both free of additives and preservatives, 100% natural* and completely delicious AUSTIN, Minn. , April 25, 2024 ...

4 weeks ago - PRNewsWire

Hormel Foods Announces Retirement of Jeff Grev, Vice President of Legislative Affairs

Company Names Chad Randick Successor AUSTIN, Minn. , April 24, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that Jeff Grev, vic...

4 weeks ago - PRNewsWire

With Summertime Parties on the Horizon, the Makers of the HORMEL GATHERINGS® Brand Introduce Summer-Themed Hard Salami & Pepperoni Tray

Summer is nearly here, and the makers of the HORMEL GATHERINGS® brand are welcoming the season with another time-saving option for party-planning consumers AUSTIN, Minn. , April 23, 2024 /PRNewswire/ ...

4 weeks ago - PRNewsWire

MegaMex Foods Debuts DOÑA MARIA® Mole Rojo

Deliciously authentic mole paste made with foodservice operators in mind ORANGE, Calif. , April 17, 2024 /PRNewswire/ -- As restaurant chefs and operators look to add more global flavors to their menu...

5 weeks ago - PRNewsWire

Hormel Foods Seeking Nominations for 2024 Class of 10 Under 20 Food Heroes

Now in its third year, the 10 Under 20 Food Heroes program recognizes young innovators fostering positive change in our food system AUSTIN, Minn. , April 10, 2024 /PRNewswire/ -- Hormel Foods, a Fortu...

6 weeks ago - PRNewsWire

PLANTERS® Brand Team Introduces New Flavor-Forward Innovation in Snack Nuts with Launch of PLANTERS® Nut Duos Snacks

The latest PLANTERS® product introduction provides the ultimate snack experience –two nut types combined with two flavors to bring an exciting experience of texture and flavor in one bag. AUSTIN, Minn...

7 weeks ago - PRNewsWire

The Makers of the SPAM® Brand Send Aloha to Their Fans in Hawaii with Special Edition Collectors Can

The SPAM® brand team commissioned world-renowned artist and Hawaii native Kamea Hadar for the design, which also signals special support for Maui AUSTIN, Minn. , April 1, 2024 /PRNewswire/ -- The Hawa...

2 months ago - PRNewsWire

This is No Joke! The Makers of the PLANTERS® Brand Search for the Next Class of Peanutters

Applications are now being accepted to join MR. PEANUT® and "shell-ebrate" with fans across the streets of America in the iconic NUTmobile AUSTIN, Minn.

2 months ago - PRNewsWire

After Another Successful Showing at International Pizza Expo, the Experts at Hormel Foods Identify Top-5 Pizza Trends of 2024

HORMEL® Ribbon Pepperoni steals the show, debuting to wide acclaim at the 40th anniversary of the famous pizza trade show AUSTIN, Minn. , March 22, 2024 /PRNewswire/ -- Fresh off yet another showstopp...

2 months ago - PRNewsWire

Two of America's Favorite Flavors Join Forces with the Limited-Time Offering of HORMEL® BLACK LABEL® Ranch Bacon

With the popularity of bacon and ranch still sky high, the makers of the HORMEL® BLACK LABEL® brand offer both flavors within a single bite AUSTIN, Minn. , March 21, 2024 /PRNewswire/ -- Bacon and ran...

2 months ago - PRNewsWire

Hormel Foods Expects to Once Again Wow the Crowd at International Pizza Expo with its Latest Pizza-Topping Innovation: HORMEL® Ribbon Pepperoni

With buzz already building around the new product, Hormel Foods anticipates HORMEL® Ribbon Pepperoni to be a showstopper in Las Vegas AUSTIN, Minn. , March 13, 2024 /PRNewswire/ -- Hormel Foods takes ...

2 months ago - PRNewsWire

The Makers of HORMEL® Chili Solve the Double-Dip Dilemma with Double Dippable Chips

AUSTIN, Minn. , March 12, 2024 /PRNewswire/ -- The makers of HORMEL® Chili today launched Double Dippable Chips, the first "breakable" chips designed to allow people to double-dip into their favorite ...

2 months ago - PRNewsWire

Packaging Redesign for the HORMEL® NATURAL CHOICE® Brand Provides New Look, New Feel

New packaging for the brand's line of deli products features new logo, and reduces the brand's use of packaging materials for deli products by more than 168 tons per year AUSTIN, Minn. , March 12, 202...

2 months ago - PRNewsWire

Hormel Foods to Present at the 2024 BofA Securities Consumer & Retail Conference

AUSTIN, Minn. , March 11, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it will participate in a fireside chat at the 2024 BofA ...

2 months ago - PRNewsWire

Office Potluck Inspires Innovation Resulting in Launch of HORMEL® Sweet Garlic Ginger Pork Loin

Recipe of Hormel Foods team member is inspiration for company's latest marinated-meat sensation AUSTIN, Minn. , March 5, 2024 /PRNewswire/ -- At Hormel Foods, all 20,000 team members are encouraged to...

2 months ago - PRNewsWire

Hormel Foods CEO Jim Snee goes one-on-one with Jim Cramer

Hormel Foods President, Chair and CEO Jim Snee joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, high performing products, and more.

3 months ago - CNBC Television

We've changed our advertising strategy for Planters, says Hormel Foods' CEO Jim Snee

Hormel Foods President, Chair and CEO Jim Snee joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, high performing products, and more.

3 months ago - CNBC Television

CEO says Hormel Foods is well-positioned as weight-loss drugs grow popular

Hormel Foods CEO Jim Snee told CNBC's Jim Cramer his company's varied "protein portfolio" is advantageous as weight-loss drugs gain popularity.

3 months ago - CNBC