Hormel Foods Corporation (HRL) - NYSE
  • 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
  • Oct. 21, 2015, 9:21 AM
    • Hormel (NYSE:HRL) appoints James Snee to be the company's next Chief Operating Officer and president.
    • The COO role was currently being handled by CEO Jeffrey Ettinger.
    • Shares of Hormel are up 27% this year and sit near their 52-week high.
    | Oct. 21, 2015, 9:21 AM | 1 Comment
  • Sep. 28, 2015, 5:03 PM
    • Hormel Foods (NYSE:HRL) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 1.63%
    • Payable Nov. 16; for shareholders of record Oct. 19; ex-div Oct. 15.
    | Sep. 28, 2015, 5:03 PM
  • Sep. 14, 2015, 9:38 AM
    • Hormel (HRL -0.5%) thinks its Jennie-O Turkey Store business will see strong demand from millennials.
    • The company thinks it's prepared for an increase in turkey demand even after the damaging impact of avian influenza on flocks in Minnesota.
    | Sep. 14, 2015, 9:38 AM | 1 Comment
  • Aug. 20, 2015, 11:27 AM
    • Hormel (HRL +3.5%) trades higher after the company raised FY15 EPS guidance above consensus estimates.
    • The company issued reassuring commentary on the impact of a turkey shortage in the Midwest and challenges in port exports markets
    • Sales to grocery store chains of refrigerated products is helping to make up for some of the shortfall.
    • Tyson Foods (TSN +0.7%) and Sanderson Farms (SAFM +0.4%) are getting a bit of a lift from the Hormel report.
    | Aug. 20, 2015, 11:27 AM | 2 Comments
  • Aug. 19, 2015, 7:49 AM
    • Hormel Foods (NYSE:HRL) reports volume rose 3% in FQ3.
    • Revenue by segment: Grocery Products: $388.09M (+7.9%); Refrigerated Foods: $1.06B (-11.4%); Jennie-O Turkey Store: $336.53M (-12.1%); Specialty Foods: $282.77M (+30.7%); International & Other: $125.06M (-6.5%).
    • Gross profit rate improved 280 bps to 18.7%.
    • Segment operating profit rate increased 100 bps to 10.8%.
    • The company expects FY2015 adjusted EPS to be in the range of $2.57 to $ 2.63 and GAAP EPS in the range of $2.52 to $2.58.
    | Aug. 19, 2015, 7:49 AM
  • Aug. 19, 2015, 7:32 AM
    • Hormel Foods (NYSE:HRL): FQ3 EPS of $0.56 beats by $0.01.
    • Revenue of $2.19B (-3.9% Y/Y) misses by $70M.
    | Aug. 19, 2015, 7:32 AM
  • Aug. 18, 2015, 5:30 PM
  • Aug. 12, 2015, 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.
    | Aug. 12, 2015, 2:31 PM | 1 Comment
  • Jun. 17, 2015, 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.
    | Jun. 17, 2015, 9:30 AM | 12 Comments
  • Jun. 17, 2015, 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).
    | Jun. 17, 2015, 3:26 AM | 7 Comments
  • May 27, 2015, 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)
    | May 27, 2015, 10:13 AM | 1 Comment
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