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Hormel Foods Corporation (HRL)

  • Tue, Aug. 18, 5:30 PM
  • Wed, Aug. 12, 2:31 PM
    • Meat stocks are higher after a positive read off the USDA report on production levels and pricing for 2015 and 2016.
    • Pilgrim's Pride (PPC +2%), Sanderson Farms (SAFM +3.5%), Hormel (HRL), JBS (OTCQX:JBSAY +2.7%), and Tyson Foods (TSN +0.4%) are all beating market averages on the day.
    | Wed, Aug. 12, 2:31 PM | 1 Comment
  • Wed, Jun. 17, 9:30 AM
    • The impact of the bird flu in the the Midwest part of the U.S. is impacting the egg and chicken markets in different ways, according to data from the USDA.
    • A restriction on imports from the U.S. from some nations has increased the domestic supply of chickens to be sold to sellers. Prices for bulk leg quarters, drumsticks, and boneless/skinless thigh meat all fell by 19% or more Y/Y.
    • Egg prices were dramatically higher with most outbreaks associated with poultry farms where chickens are raised for their eggs.
    • Turkey prices are moderately higher.
    • Chicken stocks have been volatile the past few months off of news on the avian flu.
    • Related stocks: PPC, SYY, HRL, TSN, SAFM, CALM, ADM.
    | Wed, Jun. 17, 9:30 AM | 12 Comments
  • Wed, Jun. 17, 3:26 AM
    • Beginning in 2018, companies will have to seek approval before they can put partially hydrogenated oils into foods, after the FDA said the ingredient should no longer be considered safe and laid out far-reaching restrictions.
    • While not a ban, the FDA's move marks the first restriction on trans fats at the national level. It first proposed the action in 2013.
    • Related tickers: Nestle (OTCPK:NSRGY), PepsiCo (NYSE:PEP), Tyson Foods (NYSE:TSN), Mondelez International (NASDAQ:MDLZ), Unilever (NYSE:UL), General Mills (NYSE:GIS), Kraft Foods (NASDAQ:KRFT), Kellogg (NYSE:K), Dean Foods (NYSE:DF), Campbell Soup (NYSE:CPB), Hormel (NYSE:HRL), Hershey (NYSE:HSY), Pilgrims Pride (NASDAQ:PPC).
    | Wed, Jun. 17, 3:26 AM | 7 Comments
  • Wed, May 27, 10:13 AM
    • Hormel (HRL +3.1%) is drawing some attention for its purchase of the Applegate brand yesterday.
    • Analysts note the transaction gives the company a quick entry into the organic and natural meats space with a distinctive brand.
    • The move also brings Hormel closer to the diversification strategy pulled off by food peers Campbell Soup and General Mills.
    • Previously: Hormel Foods lands Applegate for $775M (May. 26 2015)
    | Wed, May 27, 10:13 AM | 1 Comment
  • Tue, May 26, 4:39 PM
    • Hormel Foods (NYSE:HRL) acquires organic brand Applegate for $775M.
    • The transaction is expected to close within 60 days.
    • The company plans to let Applegate run its business as a standalone subsidiary in its Refrigerated Foods segment.
    • The deal is expected to have a neutral impact on Hormel's EPS in 2016 before contributing $0.07-$0.08 in 2016.
    • HRL +3.43% after hours.
    | Tue, May 26, 4:39 PM | 1 Comment
  • Fri, May 22, 8:20 AM
    • The avian flu outbreak in the U.S. has led to the deaths of close to 39M birds and disrupted both the egg and poultry industries.
    • A higher concentration of chickens on fewer commercial farms has increased the impact of a single case of the virus at a location.
    • Consumers are expected to bear the brunt of higher egg prices, while egg producers such as Cal-Maine Foods (NASDAQ:CALM) operating outside the area of the outbreak will see a benefit from the jump in market prices.
    • Related stocks: PPC, SYY, HRL, TSN, SAFM.
    | Fri, May 22, 8:20 AM | 6 Comments
  • Wed, May 20, 6:52 AM
    • Hormel Foods (NYSE:HRL) reports volume rose 5% in FQ2.
    • Revenue by segment: Grocery Products: $397.27M (+1.3%); Refrigerated Foods: $1.02B (-8%); Jennie-O Turkey Store: $438.91M (+15.4%); Specialty Foods: $287.42M (+32.3%); International & Other: $133.23M (-7.5%).
    • Gross profit rate increased 329 bps to 20.16%.
    • Adjusted segment operating profit rate grew 266 bps to 12.60%.
    • The company expects FY2015 adjusted EPS to be at the lower end of previously stated guidance range of $2.50 to $ 2.60.
    | Wed, May 20, 6:52 AM | Comment!
  • Wed, May 20, 6:31 AM
    • Hormel Foods (NYSE:HRL): FQ2 EPS of $0.67 beats by $0.04.
    • Revenue of $2.28B (+1.8% Y/Y) misses by $120M.
    • Press Release
    | Wed, May 20, 6:31 AM | Comment!
  • Tue, May 19, 5:30 PM
  • Mon, May 18, 4:45 PM
    • Hormel Foods (NYSE:HRL) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 1.79%
    • Payable Aug. 17; for shareholders of record July 20; ex-div July 16.
    | Mon, May 18, 4:45 PM | Comment!
  • Tue, May 5, 7:17 PM
    | Tue, May 5, 7:17 PM | 1 Comment
  • Mon, May 4, 7:53 AM
    • A state of emergency has been declared in Iowa to deal with an escalating outbreak of avian bird flu.
    • The number of affected birds in the state is estimated to be as high as 16M in a development that affects the egg, chicken, and turkey industries in the region.
    • Scientists think the virus could taper off when temperatures in the Midwest move higher.
    • Related stocks: TSN, PPC, HRL, SAFM, CALM, OTCQX:JBSAY, BRFS.
    | Mon, May 4, 7:53 AM | Comment!
  • Tue, Apr. 21, 9:07 AM
    • Hormel Foods (NYSE:HRL) discloses sales volume could be lower this year due to outbreaks of the avian influenza.
    • The company says several of its turkey farms have been impacted.
    • "Tight meat supplies and operational challenges will pressure earnings in the back half of our fiscal year," warns management.
    • Previously: Poultry stocks on watch after bird flu hits large Iowa farm
    • HRL -0.90% premarket.
    | Tue, Apr. 21, 9:07 AM | 1 Comment
  • Tue, Apr. 21, 8:28 AM
    • Poultry stocks are skittish in early trading after a large chicken flock in Iowa is reported to be infected with cases of the avian influenza.
    • The virus is believed to be transmitted to farms in the Midwest by ducks and geese traveling along migratory routes.
    • On watch: Tyson Foods (NYSE:TSN) -0.8%, Pilgrim's Pride (NASDAQ:PPC) -0.6%, Sanderson Farms (NASDAQ:SAFM) -0.4%, Hormel (NYSE:HRL) -0.9%.
    | Tue, Apr. 21, 8:28 AM | 6 Comments
  • Thu, Mar. 26, 12:37 PM
    • Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
    • 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
    • Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
    • Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
    • Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
    • Previously: Investors snapping up food stocks (Mar. 25 2015)
    • Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
    • Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
    | Thu, Mar. 26, 12:37 PM | 11 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