Hormel Foods Corporation (HRL) - NYSE
  • May 26, 2015, 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.
    | May 26, 2015, 4:39 PM | 1 Comment
  • May 22, 2015, 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.
    | May 22, 2015, 8:20 AM | 6 Comments
  • May 20, 2015, 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.
    | May 20, 2015, 6:52 AM
  • May 20, 2015, 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.
    | May 20, 2015, 6:31 AM
  • May 19, 2015, 5:30 PM
  • May 18, 2015, 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.
    | May 18, 2015, 4:45 PM
  • 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
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