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Dec. 14, 2015, 9:07 AM
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.
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. 23, 2015, 10:15 AM
- Pilgrim's Pride (PPC +4.2%), Sanderson Farms (SAFM +2.9%), and Hormel Foods (HRL +1.5%) rally after Tyson Foods' earnings report shows some bright spots.
- Pricing in Tyson's prepared foods segment was particularly strong with the consolidation of Hillshire Brands and Tyson appearing to be a significant factor in the meat sector.
- Previously: Tyson Foods misses by $0.05, beats on revenue (Nov. 23 2015)
- Previously: Beef brings down Tyson's bottom line in FQ4 (Nov. 23 2015)
Oct. 27, 2015, 10:16 AM
- Tyson Foods (TSN -1.2%) and Hormel Foods (HRL -1.3%) are lower again as a damaging report from the World Health Organization's cancer research arm is digested.
- Earlier today, the meat industry put up a vigorous defense.
- Both stocks are still way ahead of the S&P 500 Index for the year.
- Previously: Cancer report and downgrade weigh on meat sector (Oct. 26 2015)
- Previously: Meat industry fights back against cancer hazard classification (Oct. 27 2015)
Oct. 26, 2015, 2:39 PM
- Tyson Foods TSN is down 4.76% after JPMorgan takes off a bull call on the meat stock with shares at record levels.
- The slide could also be tied to an announcement from the World Health Organization on the cancer risk from processed meat.
- Hormel (HRL -1%), Sanderson Farms (SAFM -0.7%), Pilgrim's Pride (PPC -1.7%), and Seaboard (SEB -0.3%) are also lower on the day.
- Full report from the International Agency for Research on Cancer
- Previously: WHO to reveal red meat cancer risk (Oct. 26 2015)
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.
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 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.
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, 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%.
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. 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, 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. 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.
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.
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