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Hormel Foods Corporation (HRL)

- NYSE
  • Feb. 6, 2014, 9:33 AM
    • Hog futures keep moving higher after a widespread virus which has decimated some herds shows little signs of letting up.
    • Analysts see prices moving up another 16% on supply concerns after January saw a double-digit rise.
    • Related stocks: TSN, HRL, PPC, SEB,
    • Related ETFs: UBC, LSTK, COW
    | 1 Comment
  • Jan. 12, 2014, 7:10 AM
    • The U.S. pork industry is attempting to cope with a virus that has killed thousands of piglets since first appearing in April and has boosted prices in the $9B hog-futures market.
    • Porcine epidemic diarrhea (PED) virus is only fatal to young pigs and is not harmful to humans, but it could cause the loss of 2-3M head, or as much as 3% of the industry's total.
    • Hormel Foods (HRL) has already warned that FY 2014 earnings could suffer the effects of "potentially volatile hog costs" because of the virus. Tyson Foods (TSN) is also a pork producer.
    • Still, the USDA has predicted that pork output will increase 2% this year to 23.6B pounds, due to heavier hog weights.
    • ETFs: UBC, LSTK, COW
    | Comment!
  • Jan. 7, 2014, 6:38 AM
    • Despite lagging the S&P 500, food stocks had a strong year in 2013. We believe investors should remain selective in their allocation of capital by placing a greater emphasis on stock picking.
    • Overall, in terms of themes for our packaged food/beverage coverage universe in 2014, we expect sluggish but gradually improving food volume trends, increased promotional intensity (funded by easing commodity costs and retailers fighting for traffic share) and a relatively active M&A environment.
    • Accordingly, we prefer companies with solid organic growth prospects [Green Mountain Coffee Roasters (GMCR); Amira Nature Foods (ANFI); J & J Snack Foods Corp. (JJSF)], exposure to declining commodity costs [GMCR; Hormel Foods (HRL); The J.M. Smucker Company (SJM); Flowers Foods, Inc. (FLO)], exposure to company specific margin enhancing opportunities [FLO; GMCR, ConAgra Foods (CAG)] and ability to benefit from accretive M&A (SJM, JJSF and CAG).
    • On the non-branded part of our coverage universe, Ingredion (INGR) is our top pick followed by Tyson Foods (TSN) and Dean Foods (DF).
    | 2 Comments
  • Dec. 19, 2013, 8:29 AM
    • Consumer Reports reports that close to 50% of all the raw chicken breasts it sampled in the U.S. during a study tested positive for "superbug" bacteria.
    • The publication suggests a new law should be implemented to restrict antibiotic use with livestock in order to reduce the occurrence of the dangerous bacteria in food.
    • Chicken sellers face a risk of higher costs if regulations tighten.
    • Related stocks: TSN, SAFM, YUM, BWLD, PPC, HRL.
    | 1 Comment
  • Nov. 26, 2013, 10:43 AM
    • Hormel (HRL +5.7%) trades higher after beating estimates with its Q3 report.
    • The company appears to have benefited from a consumer trend to eat more meals at home.
    • Sales gains were seen across the company's segments while the contribution of Skippy peanut butter was a nice profit driver.
    | 1 Comment
  • Nov. 26, 2013, 7:20 AM
    • Hormel Foods Corporation (HRL) declares $0.20/share quarterly dividend, 17.6% increase from prior dividend of $0.17.
    • Forward yield 1.88%
    • Payable Feb. 14; for shareholders of record Jan 22; ex-div Jan 17.
    | Comment!
  • Nov. 26, 2013, 6:18 AM
    • Hormel Foods (HRL): FQ4 EPS of $0.58 beats by $0.04.
    • Revenue of $2.32B (+7% Y/Y) beats by $0.02B. (PR)
    | Comment!
  • Nov. 26, 2013, 12:05 AM
  • Nov. 25, 2013, 5:30 PM
  • Nov. 21, 2013, 10:12 AM
    • New meat labeling rules in the U.S. that start on Saturday aim to help consumers understand exactly where their products have originated from in the wake of meat contamination issues.
    • The new labels will include a biography of sorts on the animals consumers are eating - with detailed information on where livestock was born, raised, and slaughtered.
    • The USDA estimates that compliance will cost the meat industry between $53.1M and $192.1M, although the development could be an advantage to U.S. producers.
    • Related stocks: Tyson Foods (TSN), Hormel Foods (HRL), Sanderson Farms (SAFM), Seaboard Corporation (SEB), Hillshire Brands (HSH).
    | 12 Comments
  • Nov. 7, 2013, 10:00 AM
    • The FDA says it will propose measures to dramatically limit artificial trans fats from products sold in the U.S.
    • Many varieties of packaged foods and frozen foods contain trans fats as well as items commonly sold at restaurants.
    • Cutting the fat: Nestle (NSRGY), PepsiCo (PEP), Tyson Foods (TSN), Mondelez International (MDLZ), Unilever (UL), General Mills (GIS), Kraft Foods (KRFT), Kellogg (K), Dean Foods (DF), Campbell Soup (CPB), Hormel (HRL), Hershey (HSY), Pilgrims Pride (PPC),
    | 2 Comments
  • Sep. 6, 2013, 9:07 AM
    • Smithfield Foods (SFD) warns the global operating environment for fresh pork was difficult in Q1, but sees the period as the low point of the year.
    • The company saw a drop in profit margin for its Fresh Pork and Packaged Meats segments during the quarter.
    • Peers on watch: TSN, HRL, PPC
    | Comment!
  • Aug. 22, 2013, 11:20 AM
    • Hormel Foods (HRL +1.1%) trades higher after putting up a mixed quarter.
    • Operating profits were higher for four out of five of the company's segments but were down 26% for the refrigerated foods segment which accounts for around half of net sales.
    • Overall, volumes were up 3% for the quarter.
    • Full year EPS outlook affirmed at $1.88-1.96 versus consensus of $1.95. (PR)
    | Comment!
  • Aug. 22, 2013, 6:32 AM
    • Hormel Foods (HRL): FQ3 EPS of $0.42 misses by $0.03.
    • Revenue of $2.16B (+8% Y/Y) beats by $0.04B. (PR)
    | Comment!
  • Aug. 22, 2013, 12:05 AM
  • Aug. 21, 2013, 5:30 PM
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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