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Hormel Foods Corporation (HRL)

  • Nov. 25, 2014, 9:09 AM
    • Hormel Foods (NYSE:HRL) declares $0.25/share quarterly dividend, 25% increase from prior dividend of $0.20.
    • Forward yield 1.84%
    • Payable Feb. 17; for shareholders of record Jan 20; ex-div Jan 16.
    | 1 Comment
  • Nov. 25, 2014, 6:33 AM
    • Hormel Foods (NYSE:HRL): FQ4 EPS of $0.63 misses by $0.01.
    • Revenue of $2.54B (+9.5% Y/Y) beats by $20M.
    • Press Release
    | Comment!
  • Nov. 24, 2014, 5:30 PM
  • Nov. 17, 2014, 12:03 PM
    • Tyson Foods (TSN +4.8%) saw strong pricing in beef and pork help boost its bottom line in FQ4.
    • Though a consumer trade-down to chicken could shift the mix over the next quarter, the company thinks sales to restaurants will improve.
    • Other meat stocks are also gaining off the strong read from Tyson.
    • Gainers: Hormel (NYSE:HRL) +0.7%, Sanderson Farms (NASDAQ:SAFM) +0.9%, Pilgrim's Pride (NASDAQ:PPC) +1.3%, Cal-Maine Foods (NASDAQ:CALM) +1.1%.
    | 1 Comment
  • Oct. 9, 2014, 10:58 AM
    • Consumer staples stocks continue to persevere amid a broad market decline.
    • The Consumer Staples Select ETF (NYSEARCA:XLP) is +1.9% over the last 5 days vs. the -1.3% showing of the S&P 500 ETF.
    • Today, PepsiCo (PEP +1.5%) is doing some of the heavy lifting following its Q3 earnings report - while a number of meat stocks are also contributing including Pilgrim's Pride (PPC +1.3%), ConAgra Foods (CAG +1.8%), Hormel (HRL +0.7%), Seneca Foods Corp. (SENEA +0.7%), Diamond Foods (DMND +1.1%), Tyson Foods (TSN), and Sanderson Farms (SAFM +0.7%) .
    | 1 Comment
  • Aug. 21, 2014, 9:53 AM
    • Hormel (HRL +3.7%) trade higher after besting estimates with its FQ2 report and reaffirming guidance.
    • The company says strong demand for turkey and pork helped to offset some challenges in the Grocery Products and Specialty Foods segments.
    • International profits were up 12% Y/Y during the quarter.
    | Comment!
  • Aug. 21, 2014, 6:33 AM
    • Hormel Foods (NYSE:HRL): FQ3 EPS of $0.51 beats by $0.03.
    • Revenue of $2.28B (+5.6% Y/Y) beats by $50M.
    • Press Release
    | Comment!
  • Aug. 20, 2014, 5:30 PM
  • Jul. 1, 2014, 8:44 AM
    • Hormel's (HRL) purchase of CytoSport for $450M has raised a few eyebrows in the food sector.
    • The high price tag for the maker of Muscle Milk indicates some other bidders were on the prowl for a quick entry into the sports nutrition category, theorize analysts.
    • Shares of Vitamin Shoppe (VSI) and GNC Holdings (GNC) are on watch.
  • Jun. 30, 2014, 6:27 PM
    • Hormel (HRL) is buying CytoSport Holdings, maker of Muscle Milk protein drinks and other high-protein products, for $450M.
    • With CytoSport expected to have 2014 sales of $370M, Hormel is paying ~1.2x forward sales. The deal is expected to be neutral to FY14 (ends Oct. '14) EPS, and be accretive to FY15 EPS by $0.05.
    • Hormel: "Muscle Milk products will serve as a growth catalyst for our Specialty Foods segment, providing this division with a leading brand in the high-growth sports nutrition category ... The acquisition of CytoSport expands our offerings of portable, immediate, protein-rich foods, and broadens our appeal with younger consumers."
  • Jun. 30, 2014, 5:49 PM
    • Hormel Foods (HRL) is nearing a deal to buy Muscle Milk maker CytoSport for more than $450M, with an announcement coming as soon as tomorrow, WSJ reports.
    • CytoSport's owners, which include P-E firm TSG Consumer Partners, put the company on the block last fall; at the time, it had EBITDA of ~$30M.
    | 1 Comment
  • Jun. 12, 2014, 2:17 PM
    • After missing out on Hillshire Brands and Smithfield Foods, Brazilian food giant JBS S.A. (JBSAY) has a narrower list of acquisition targets, according to Deutsche Bank.
    • Oscar Meyer (KRFT) and Hormel Foods (HRL) are two big-target options for JBS, while Maple Leaf Foods MFI and Sanderson Farms SAFM are on the lighter side.
  • Jun. 12, 2014, 8:39 AM
    • Global consumption of meat will increase 1.9% a year over the next decade as demand for protein in nations such as China, Mexico, and Brazil supports the market.
    • The UN's Food and Agriculture Organization forecasts that by 2030 the average person will eat close to 99 pounds of meat per year, compared to 86 pounds in 2007.
    • The steady rise in protein demand has underpinned a wave of merger activity in the food sector including Tyson Foods' takeover of Hillshire Brands and Shuanghui International's acquisition of Smithfield Foods.
    • Related stocks: TSN, HRL, SAFM, SEB, HSH, PPC
    | 1 Comment
  • May 28, 2014, 7:30 AM
    • An outbreak of a deadly pig virus at a farm in Indiana has rekindled fears the disease will reduce the U.S. hog population.
    • The incident was a secondary outbreak which raises concerns that affected pigs aren't developing full immunity to the virus.
    • Hog futures are up 26% since the PEDV first hit last summer.
    • Related stocks: TSN, HRL, HSH, SEB, PPC
    • Related ETFs: UBC, COW, LSTK.
    | 1 Comment
  • May 27, 2014, 10:11 AM
    • Shares of Tyson Foods (TSN +3.5%), Hormel (HRL +2.6%), and Sanderson Farms (SAFM +2.5%) all trade higher after the merger profile of the sector gets a lift from Pilgrim Pride's aggressive pursuit of Hillshire Brands.
    • Though food industry analysts see long-term potential for the sector through consolidation, they warn the merger premium is getting played out.
    | Comment!
  • May 21, 2014, 7:55 AM
    • Hormel (HRL) drove sales higher in FQ2 off of price increases as total volume ended up down 1% from last year.
    • The integration of Skippy peanut butter helped to boost results in the U.S. and globally.
    • Segment sales growth: Grocery Products -0.4% to $392M; Refrigerated Foods +9.9% to $1.11B; Jennie-O Turkey Store -1.1% to $380M; Specialty Foods -11.6% to $217M; International & Other +22.7% to $143M.
    • The company's gross margin rate improved 50 bps to 16.9%.
    • HRL -1.4% premarket
    | Comment!
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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