Hormel Foods Corporation
 (HRL)

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  • Yesterday, 2:26 PM
    • Investors are taking refuge in some weathered stocks in the consumer goods sector.
    • Procter & Gamble (PG +0.9%), Hershey (HSY +2.2%), Altria (MO +0.3%), Hormel (HRL +1.9%), Clorox (CLX +1.8%), and Post Holdings (POST +0.4%) are all making gains despite the 375-point slide in the Dow Jones Industrial Average.
    • The Consumer Staples Select ETF (NYSEARCA:XLP) is down 1%, compared to the much steeper losses in the tech and financials sectors.
    | Yesterday, 2:26 PM | 9 Comments
  • Wed, Jan. 27, 7:54 AM
    • Hormel Foods (NYSE:HRL) announces a two-for-one stock split.
    • The distribution of the new shares will occur on February 9 for shareholders of record on January 26.
    • Shares of Hormel are up 44% over the last 52 weeks.
    | Wed, Jan. 27, 7:54 AM
  • Dec. 15, 2015, 9:33 AM
    • Egg prices fell 4.8% in November to follow a 3.8% slide in October.
    • The level of egg prices is still 23.7% higher than a year ago, due largely to the avian flu issue earlier this year.
    • Milk prices were also lower during November, down 0.7% M/M and 7.7% Y/Y. The broader dairy category saw price declines of 3.4% Y/Y and 0.6% M/M.
    • These are some of the companies that talked about milk or egg prices being a factor during their most recent earnings conference call: CALM, KO, DF, WWAV, GIS, POST, KR, DG, OTCPK:PRRFY, BDBD, GTIM, BOBE, HRL, FLO, JJSF, DENN, MCD.
    • BLS CPI data
    | Dec. 15, 2015, 9:33 AM | 21 Comments
  • Dec. 14, 2015, 9:07 AM
    • Hormel (NYSE:HRL) is lower in early trading after Deutsche Bank downgrades the stock to a Hold rating from Buy.
    • The investment firm thinks the avian flu could crop up again to impact results.
    • HRL -1.55% premarket to $76.18.
    | Dec. 14, 2015, 9:07 AM | 5 Comments
  • Dec. 3, 2015, 12:45 PM
    • Sanderson Farms (NASDAQ:SAFM) is up 8% after catching a two-notch upgrade from CLSA to Outperform.
    • Pilgrims Pride (NASDAQ:PPC) stays in an uptrend with a 4.8% swing higher, while global player JBS (OTCQX:JBSAY) is up 5.5%.
    • Tyson Foods (NYSE:TSN) is 1.70% higher and reached an all-time best of $51.83 earlier.
    • Hormel (NYSE:HRL) also set an all-time high by jumping to $77.00.
    • Better-than-expected pricing in the wake of industry consolidation has helped the meat sector this year.
    | Dec. 3, 2015, 12:45 PM | 7 Comments
  • Nov. 25, 2015, 7:34 AM
    • Hormel (NYSE:HRL) announces it will fire off a two-for-one stock split.
    • The number of outstanding shares will increase to 1.6M if shareholders formally approve the measure at the company's annual meeting on January 26.
    • Shares of Hormel are up 37% YTD.
    | Nov. 25, 2015, 7:34 AM | 13 Comments
  • Nov. 24, 2015, 6:50 AM
    • Hormel Foods (NYSE:HRL) reports volume fell 2% in FQ4.
    • Revenue by segment: Grocery Products: $422.57M (+4.3%); Refrigerated Foods: $1.15B (-5.1%); Jennie-O Turkey Store: $420.31M (-17.6%); Specialty Foods: $269.9M (-2.8%); International & Other: $138.59M (-0.4%).
    • Gross profit rate improved 390 bps to 20.6%.
    • SG&A expense rate grew 140 bps to 7.9%.
    • Segment operating profit rate increased 280 bps to 13.4%.
    • The company expects FY2016 diluted EPS to be in the range of $2.85 to $ 2.95.
    | Nov. 24, 2015, 6:50 AM | 1 Comment
  • Nov. 24, 2015, 6:32 AM
    • Hormel Foods (NYSE:HRL): FQ4 EPS of $0.74 beats by $0.05.
    • Revenue of $2.4B (-5.5% Y/Y) misses by $120M.
    • Press Release
    | Nov. 24, 2015, 6:32 AM
  • Nov. 23, 2015, 5:30 PM
    | Nov. 23, 2015, 5:30 PM | 4 Comments
  • Nov. 23, 2015, 4:39 PM
    • Hormel Foods (NYSE:HRL) declares $0.29/share quarterly dividend, 16% increase from prior dividend of $0.25.
    • Forward yield 1.67%
    • Payable Feb. 16; for shareholders of record Jan. 19; ex-div Jan. 14.
    | Nov. 23, 2015, 4:39 PM | 3 Comments
  • Nov. 23, 2015, 10:15 AM
    | Nov. 23, 2015, 10:15 AM
  • Nov. 22, 2015, 5:38 AM
    • Tyson Foods (NYSE:TSN) and Post Holdings (NYSE:POST) report results Monday, followed Tuesday by Campbell Soup (NYSE:CPB) and Hormel Foods (NYSE:HRL).
    • Investors will be watching how major food producers adapt to more health-conscious consumers and to millennial spending patterns that gear more toward protein and hormone/antibiotic-free products.
    • Tyson Foods (+9% YTD), likely the provider of many a turkey this week, said in April it plans to end the use of human antibiotics in its chicken by 2017, while Hormel (+31% YTD) announced in May the acquisition of organic meat processor Applegate Farms.
    | Nov. 22, 2015, 5:38 AM | 1 Comment
  • Oct. 27, 2015, 10:16 AM
    | Oct. 27, 2015, 10:16 AM | 3 Comments
  • Oct. 27, 2015, 7:54 AM
    • The North American Meat Institute says the classification by IARC of red meat as a cancer hazard defies commons sense and ignores other studies showing that there is no correlation between red meat and cancer.
    • The group notes the many different types of activities which have linked by the IARC to cancer.
    • "IARC says you can enjoy your yoga class, but don’t breathe air (Class I carcinogen), sit near a sun-filled window (Class I), apply aloe vera (Class 2B) if you get a sunburn, drink wine or coffee (Class I and Class 2B), or eat grilled food (Class 2A). And if you are a hairdresser or do shiftwork (both Class 2A), you should seek a new career."
    • Meat stocks took a turn lower yesterday after the cancer story broke.
    • Previously: WHO to reveal red meat cancer risk (Oct. 26 2015)
    • Previously: Cancer report and downgrade weigh on meat sector (Oct. 26 2015)
    • Related stocks: HRL, TSN, SAFM, KHC, OTCQX:JBSAY, SYY.
    | Oct. 27, 2015, 7:54 AM | 19 Comments
  • Oct. 26, 2015, 2:39 PM
    | Oct. 26, 2015, 2:39 PM | 12 Comments
  • Oct. 26, 2015, 2:17 AM
    • The global meat industry is up in arms about the prospect of its products being declared carcinogenic by the cancer research arm of the World Health Organization.
    • The International Agency for Research on Cancer is due to issue a report on Monday that is expected to rule that processed meat such as bacon and sausages is a carcinogen, while red meat is probably carcinogenic.
    • "Red and processed meat are among 940 substances reviewed by IARC found to pose some level of theoretical 'hazard'," said Barry Carpenter, President of the North American Meat Institute. "Only one substance, a chemical in yoga pants, has been declared by IARC not to cause cancer."
    • Related tickers: CAG, COST, HRL, OTCQX:JBSAY, KHC, SYY, TSN
    | Oct. 26, 2015, 2:17 AM | 38 Comments
Company Description
Hormel Foods Corp is engaged in the production of meat and food products and the marketing of those products throughout the United States and internationally.
Industry: Meat Products
Country: United States