Hormel Foods Corporation (HRL) - NYSE
  • Mon, Jul. 11, 2:12 PM
    • A bill requiring food companies to label GMO ingredients was approved by the U.S. Senate by a 63 to 30 vote and now heads to the House of Representatives.
    • The negotiated bill requires food companies to label genetically modified food by a phrase, symbol on the package, or a bar code that can be scanned by smartphones.
    • The Department of agriculture still has two years to write the precise labeling rules if the House approves the bill.
    • The passage of the bill is seen as a positive for the food sector as the alternative of having to adhere to state-by-state rules could create operational chaos for national sellers.
    • Food stocks: SENEA, SENEB, THS, OTCPK:NCRA, CPB, MDLZ, GIS, OTCPK:NSRGY,  FLO, CAG, DF, SJM,DF, ANFI, JJSF, WWAV, UL, OTCQX:DANOY, OTCPK:PLATF, POST, K, PEP, DMND, PF, HAIN, KO, BETR, KHC, WILC, PPC, PF, LWAY, HRL, TSN, DTEA, SAFM, BRID.
    | Mon, Jul. 11, 2:12 PM | 28 Comments
  • Wed, Jun. 15, 10:05 AM
    • Panera Bread (PNRA +0.1%) is beginning to flex its muscles in the grocery store channel in what could be an increasing challenge to major food companies such as General Mills (GIS +0.2%), Campbell Soup (CPB -0.5%), Hormel Foods (HRL +0.2%), and Kraft Heinz (KHC +0.1%).
    • Some analysts think that Panera's strong brand recognition with consumers as a healthy alternative gives it a chance to dent the dominance of canned soup and canned meat sellers.
    • Campbell Soup CEO Denise Morrison was put on the defensive on the company's last earnings call about the threat from Panera and others in the chilled soup category.
    • Morrison talked about the smaller base that Panera is growing from, but also conceded that the company would have to stay active in the fresh and organic categories - instead of just relying on its iconic brands.
    • Campbell Soup earnings call transcript
    • Previously: Panera Bread's clean commitment extends to grocery stores (June 15)
    | Wed, Jun. 15, 10:05 AM | 9 Comments
  • Mon, Jun. 6, 10:04 AM
    • BMO Capital takes a dimmer view on the upside for meat producers after factoring in the strong rally in the sector which has pushed up valuation levels.
    • Tyson Foods (TSN -3.4%) and Pilgrim's Pride (PPC -3%) are both moved by BMO to Market Perform from Outperform.
    • BMO set a price target of $69 on TSN and PPC caught a $27 PT.
    • It's a weak day across the sector with Sanderson Farms (SAFM -1.9%), Hormel (HRL -0.7%) and JBS (OTCQX:JBSAY -2.3%) ADRs all lower.
    • Related sector news: Plant-based hamburger startup creates some interesting sizzle (June 4)
    | Mon, Jun. 6, 10:04 AM | 2 Comments
  • Thu, Jun. 2, 7:46 AM
    • May monthly performance was: +0.76%
    • AUM of $1.77B
    • 52-week performance vs. the S&P 500 is: +7%
    • No dividends were paid in May
    • Top 10 Holdings as of 4/30/2016: Consolidated Edison Inc (ED): 2.09%, Leggett & Platt Inc (LEG): 2.07%, S&P Global Inc (SPGI): 2.07%, Brown-Forman Corp Class B (BF.B): 2.07%, Colgate-Palmolive Co (CL): 2.06%, C.R. Bard Inc (BCR): 2.05%, Hormel Foods Corp (HRL): 2.05%, W.W. Grainger Inc (GWW): 2.05%, Clorox Co (CLX): 2.05%, McCormick & Co Inc Non-Voting (MKC): 2.05%
    | Thu, Jun. 2, 7:46 AM
  • Mon, May 23, 4:58 PM
    • Hormel Foods (NYSE:HRL) declares $0.145/share quarterly dividend, in line with previous.
    • Forward yield 1.66%
    • Payable Aug. 15; for shareholders of record July 18; ex-div July 14.
    | Mon, May 23, 4:58 PM
  • Mon, May 23, 9:39 AM
    • Athlos Research forecasts food input costs will rise 1.9% over the next six months which will increase the pressure on companies to use pricing to offset the inflation.
    • Strong price gains are expected in the fruits/vegetables, softs/sweetners, and oils categories - while proteins, dairy, and grainscosts  are expected to fall back.
    • The impact on profit varies across the sector. A negative EBIT impact from cost inflation is forecast for Coca-Cola (NYSE:KO), PepsiCo (NYSE:PEP), Cott (NYSE:COT), Dr. Pepper Snapple (NYSE:DPS), Campbell Soup (NYSE:CPB), Pinnacle Foods (NYSE:PF), and Hormel (NYSE:HRL). Foods cost inflation will have a positive impact on EBIT for Post Holdings (NYSE:POST), Dean Foods (NYSE:DF), Hershey (NYSE:HSY), and Fresh Del Monte Products (NYSE:FDP), according to the Athlos estimate.
    | Mon, May 23, 9:39 AM | 3 Comments
  • Wed, May 18, 7:57 AM
    | Wed, May 18, 7:57 AM
  • Wed, May 18, 6:56 AM
    • Hormel Foods (NYSE:HRL) reports volume down 1% in FQ2.
    • Revenue by segment: Grocery Products: $401.47M (+1.1%); Refrigerated Foods: $1.09B (+6.8%); Jennie-O Turkey Store: $423.54M (-3.5%); Specialty Foods: $272.48M (-5.2%); International & Other: $110.26M (-17.2%).
    • Gross profit rate improved 270 bps to 22.9%.
    • SG&A expense rate expanded 90 bps to 9.2%.
    • Operating margin rate grew 190 bps to 14.1%.
    • The company expects FY2016 diluted EPS to be in the range of $1.56 to $ 1.60.
    | Wed, May 18, 6:56 AM | 10 Comments
  • Wed, May 18, 6:31 AM
    • Hormel Foods (NYSE:HRL): FQ2 EPS of $0.40 beats by $0.01.
    • Revenue of $2.3B (+0.9% Y/Y) in-line.
    • Press Release
    | Wed, May 18, 6:31 AM
  • Tue, May 17, 5:30 PM
    | Tue, May 17, 5:30 PM | 3 Comments
  • Mon, May 9, 1:59 PM
    • Select food stocks are rallying after commentary from Tyson Foods management points to favorable trends in the industry on the demand and cost side.
    • Tyson expects "good" cattle supply for this summer and into 2017. The company delivered improved beef and chicken margins in Q1.
    • Meat stocks Sanderson Farms (SAFM +2%), Hormel Foods (HRL +3.3%), and Pilgrim's Pride (PPC +4%) are all solidly higher, while on a broader sector view WhiteWave Foods (WWAV +1.8%) and ConAgra Foods (CAG +1.5%) are also rallying.
    • Previously: Tyson Foods at all-time high after earnings dazzle (May 9)
    • Previously: Tyson Foods to expand presence on Amazon Fresh (May 9)
    | Mon, May 9, 1:59 PM
  • Fri, Apr. 29, 3:03 PM
    • Low volatility stocks are besting the broader averages this year, with the SPLV up 3% and the USMV up 4% vs. the 0.7% advance for the S&P 500.
    • While the consumer staples that make up much of the low vol names are expected to do well in the rocky times seen in 2016, at 21x earnings, they're getting pricey.
    • Picking through individual names though, Barclays' Jonathan Glionna has come up with a list of low volatility names which can still be deemed not expensive.
    • In consumer staples: AutoZone (NYSE:AZO), Darden (NYSE:DRI), Time Warner Cable (NYSE:TWC), Clorox (NYSE:CLX), Coca-Cola (NYSE:KO), CVS, Hormel (NYSE:HRL), J.M. Smucker (NYSE:SJM).
    • In utilities: Entergy (NYSE:ETR), PG&E (NYSE:PCG), PPL.
    | Fri, Apr. 29, 3:03 PM | 18 Comments
  • Wed, Apr. 13, 8:21 AM
    • Hormel Foods (NYSE:HRL) announces a new clean label initiative which will include the removal and replacement of some ingredients.
    • The company sets a goal to reduce the level of sodium in certain branded products by 15%. More details on the program will be released as part of Hormel's corporate responsibility report in June of 2016.
    • Hormel closed at $40.63 yesterday vs. a 52-week trading range of $27.08 to $45.72.
    • Now read Hormel Food Corporation: Where's The Beef? A Total Return Growth Company 
    | Wed, Apr. 13, 8:21 AM | 3 Comments
  • Tue, Apr. 5, 7:48 AM
    | Tue, Apr. 5, 7:48 AM | 7 Comments
  • Tue, Mar. 29, 4:32 PM
    • Hormel Foods (NYSE:HRL) declares $0.145/share quarterly dividend, in line with previous. (Split Adjusted)
    • Forward yield 1.31%
    • Payable May 16; for shareholders of record April 18; ex-div April 14.
    | Tue, Mar. 29, 4:32 PM | 1 Comment
  • Thu, Mar. 10, 9:54 AM
    • RBC Capital lifts its price targets on two consumer staples heavyweights.
    • Coca-Cola (KO +0.6%) is assigned a fresh of $51. KO is +4.5% YTD to $44.90. Shares yield 3.11%.
    • Reynolds American (RAI +1.4%) earns a PT of $57. RAI is +12.8% YTD to $52.14. Shares yield 3.22%.
    • There's been some debate that the run of consumer staples stocks is poised to end, but SA contributor Daryl Montgomery argues the sector is still a safe play on a technical view.
    • Earlier this week, Evercore ISI's Rick Ross also came in positive on the sector (CNBC video).
    • "You probably can't do much better than owning the staples on this breakout from a multiyear trading range ... against the backdrop of a world where yields are extremely low,"said Ross
    • Related stocks: PM, PG, PEP, CL, ADM, KMB, STZ, DPS, SJM, HRL, CHD, TSN, HSY, CPB, [[BF.]], BF.B.
    • Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC.
    | Thu, Mar. 10, 9:54 AM | 9 Comments
Company Description
Hormel Foods Corp. engages in the production of meat and food products. The company markets its products through its subsidiary, Hormel Foods International Corp. It operates business through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods and Other.... More
Industry: Meat Products
Country: United States