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Hormel Foods Corporation (HRL)

- NYSE
  • 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.
    | 4 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.
    | 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
    | 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.
    | Comment!
  • 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.
    | 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.
    | 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%.
    | 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)
    | 11 Comments
  • Mon, Mar. 23, 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.
    | Comment!
  • Mon, Mar. 16, 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
    | Comment!
  • Sun, Mar. 15, 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).
    | 10 Comments
  • Wed, Mar. 11, 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
    | 2 Comments
  • Wed, Mar. 11, 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)
    | 4 Comments
  • Wed, Mar. 4, 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.
    | 22 Comments
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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