Hormel Foods Corporation

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  • May 5, 2015, 7:17 PM
    | May 5, 2015, 7:17 PM | 1 Comment
  • May 4, 2015, 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.
    | May 4, 2015, 7:53 AM
  • Apr. 21, 2015, 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.
    | Apr. 21, 2015, 9:07 AM | 1 Comment
  • Apr. 21, 2015, 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%.
    | Apr. 21, 2015, 8:28 AM | 6 Comments
  • Mar. 26, 2015, 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)
    | Mar. 26, 2015, 12:37 PM | 11 Comments
  • Mar. 23, 2015, 5:40 PM
    • Hormel Foods (NYSE:HRL) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 1.76%
    • Payable May 15; for shareholders of record April 20; ex-div April 16.
    | Mar. 23, 2015, 5:40 PM
  • Mar. 16, 2015, 4:20 AM
    • Looking to contain a virulent strain of avian flu, U.S. authorities are weighing tougher restrictions in Arkansas in a bid to minimize international trade disruptions and contain the virus in the heart of America's poultry region.
    • The H5N2 flu discovered last week is the state's first case of a strain that causes massive internal hemorrhaging in poultry, can kill nearly every bird in an infected flock within 48 hours, and is prone to mutate.
    • Previously: Avian bird flu in U.S. seen impacting chicken prices (Mar. 15 2015)
    • Related tickers: TSN, SFM, BRFS, PPC, HRL, OTCQX:JBSAY, BWLD, PLKI
    | Mar. 16, 2015, 4:20 AM
  • Mar. 15, 2015, 9:03 PM
    • Confirmation by the USDA of the H5N2 avian flu in a backyard chicken flock in Kansas is seen by industry insiders as a potential tipping point in prompting expanded export restrictions.
    • The H5N2 strain was detected in commercial flocks in Missouri and Arkansas last week
    • Reports of the avian flu have filtered up and down the major U.S. migratory bird route (Montana to Texas) - including detection of the H5N2 strain in commercial flocks in Missouri and Arkansas.
    • Though major chicken producers have reported their flocks are unaffected by the H5N2 flu, the cut in exports could pressure domestic prices with supply higher.
    • The developments in the chicken market could impact wholesale costs for Buffalo Wild Wings (NASDAQ:BWLD) and Popeye's Louisiana Kitchen (NASDAQ:PLKI).
    • USDA statement on the avian influenza outbreak (.pdf)
    • On watch: Tyson Foods (NYSE:TSN), Sanderson Farms (NASDAQ:SFM), Pilgrim's Pride (NASDAQ:PPC), Hormel Foods (NYSE:HRL), JBS (OTCQX:JBSAY).
    | Mar. 15, 2015, 9:03 PM | 10 Comments
  • Mar. 11, 2015, 11:40 AM
    • An unconfirmed case of avian bird flu in Arkansas is creating some anxiety in the poultry industry.
    • USDA testing is underway on the case.
    • Poultry exports to certain nations could be limited if the development worsens.
    • The chicken sector has also been hit recently with concerns on the use of certain antibiotics.
    • Decliners: Tyson Foods (TSN -5%), Hormel Foods (HRL -1%), Sanderson Farms (SAFM -5.4%), JBS (OTCQX:JBSAY -1.8%), BRF (BRFS -1.7%), and Pilgrim's Pride (PPC -7.2%)
    • Previously: Chicken stocks hit by antibiotic concerns
    | Mar. 11, 2015, 11:40 AM | 2 Comments
  • Mar. 11, 2015, 10:00 AM
    • Chicken stocks trade weaker on concerns the push to remove certain antibiotics from hatcheries could raise costs or that inaction could crimp demand.
    • The issue has been teed up nationally after McDonald's made a strong statement last week with its new sourcing policy.
    • Decliners: Tyson Foods (NYSE:TSN) -4.7%, Sanderson Farms (NASDAQ:SAFM) -4.1%, BRF (NYSE:BRFS) -2.4%, Hormel Foods (NYSE:HRL) -0.6%, Pilgrim's Pride (NASDAQ:PPC) -6.6%.
    • Previously: McDonald's unveils menu sourcing initiatives (Mar. 04 2015)
    | Mar. 11, 2015, 10:00 AM | 4 Comments
  • Mar. 4, 2015, 10:11 AM
    • McDonald's (MCD -0.5%) will stop buying chickens raised with human antibiotics in a gradual process, according to a report from Reuters.
    • An announcement by the company is expected later today.
    • The development could be a "tipping point" in the poultry industry, notes industry insider Jonathan Kaplan.
    • Shares of chicken-focused Pilgrim's Pride (PPC -1.5%) are lower - while Tyson Foods (TSN -1%), Sanderson Farms (SAFM -0.6%), and Hormel (HRL -0.6%) could all be impacted by a heightened focus on the use of antibiotics with livestock.
    • Buffalo Wild Wings (BWLD -1.7%) is also on watch as a company that buys a fair amount of chicken from suppliers.
    | Mar. 4, 2015, 10:11 AM | 22 Comments
  • Feb. 19, 2015, 8:52 AM
    • Hormel Foods (NYSE:HRL) reports volume rose 3% in FQ1.
    • Revenue by segment: Grocery Products: $409.75M (+2%); Refrigerated Foods: $1.14B (+1.4%); Jennie-O Turkey Store: $440.02M (+10.2%); Specialty Foods: $263.27M (+34.3%); International & Other: $137.81M (+17.4%).
    • Gross profit rate improved 78 bps to 18.56%.
    • Adjusted segment operating profit rate rose 113 bps to 12.05%.
    • The company expects FY2015 adjusted EPS to be in the range of $2.50 to $ 2.60.
    • HRL +0.93% premarket.
    | Feb. 19, 2015, 8:52 AM | 2 Comments
  • Feb. 19, 2015, 6:33 AM
    • Hormel Foods (NYSE:HRL): FQ1 EPS of $0.69 beats by $0.05.
    • Revenue of $2.4B (+7.1% Y/Y) misses by $70M.
    | Feb. 19, 2015, 6:33 AM
  • Feb. 18, 2015, 5:30 PM
    | Feb. 18, 2015, 5:30 PM | 7 Comments
  • Feb. 12, 2015, 4:47 PM
    • Hormel Foods (NYSE:HRL) is in late-stage talks to acquire Applegate Farms, a producer of organic hot dogs, bacon and sausages, Reuters reports.
    • A deal reportedly could be announced as early as next week and value the privately-held company at $600M-$1B.
    • A sale would be the latest of several high-profile deals in the food sector, including Hershey's purchase of Krave, Post's purchase of Michael Foods, and Tyson's $8.6 takeover of Hillshire.
    | Feb. 12, 2015, 4:47 PM
  • Feb. 6, 2015, 11:42 AM
    • Closely held organic and natural meat producer Applegate Farms has hired Goldman Sachs to assist with a sale, and could fetch something in the area of $500M, reports the WSJ.
    • Protein's the thing, and a sale of Applegate would add to last year's Tyson Foods (NYSE:TSN) $7.7B purchase of Hillshire Brands, Post Holdings' (NYSE:POST) acquisition of Michael Foods, and Hormel's (NYSE:HRL) buy of CytoSport Holdings.
    • The Journal reports several industry players have expressed interest, but doesn't necessarily name the above companies.
    | Feb. 6, 2015, 11:42 AM
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