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Hormel Foods Corporation (HRL)

  • Aug. 22, 2013, 11:20 AM
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  • Aug. 22, 2013, 6:32 AM
  • Aug. 22, 2013, 12:05 AM
  • Aug. 21, 2013, 5:30 PM
  • Aug. 13, 2013, 10:41 AM
  • Aug. 5, 2013, 2:22 PM
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  • Jul. 29, 2013, 2:38 PM
  • Jul. 12, 2013, 7:32 AM
    BMO Capital upgrades Hormel Foods (HRL) to an Outperform rating from Market Performs and takes its price target up to $49.
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  • Jun. 18, 2013, 8:19 AM
    Hormel (HRL) lowers estimates for profitability this year, dropping its EPS outlook to $1.88-$1.96 from prior guidance of $1.93-$2.03. The company cites higher input costs and poor pork sales for the shortfall. HRL -9% premarket, working off much of the gains picked up from enthusiasm in the sector after Smithfields Foods was bought out.
  • Jun. 17, 2013, 8:49 AM
    Smithfield Foods (SFD) moves up 1.4% premarket after Starboard Value pitches that a piecemeal sale of the company might make sense. The sum-of-the-parts chatter could also provide another lift for the packaged meats sector as a whole. On watch: Tyson Foods (TSN), Seaboard Corporation (SEB), Hillshire Brands (HSH), and Hormel Foods (HRL).
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  • Jun. 14, 2013, 7:58 AM
    Hormel Foods (HRL) gets an upgrade to Buy from Hold from KeyBanc (PT $48) as accretion from the acquisition of the iconic Skippy peanut butter brand, lower costs, and improved new product growth should create upside to FY14 EPS estimates. Meanwhile, SA contributor Joseph Reinke said recently that the shares are overvalued and present a "low to negative return potential with moderate risk."
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  • May 29, 2013, 9:31 AM
    Shares of Tyson Foods (TSN) and Hormel Foods (HRL) trade higher following the blockbuster acquisition of Smithfield Foods. The rally stems from the premium Smithfield caught and the notion that China will increasingly look to U.S. food companies with safety concerns creating headlines all year long. Premarket: TSN +4.2%, HRL +2.2%.
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  • May 29, 2013, 7:40 AM
    Meat company stocks are in focus with Smithfield Foods reportedly set to sell itself for a tasty 25%-30% premium. Though Smithfield Foods has drawn the most attention from activist investors, calls for extracting more value from sector peers are also getting louder. On watch: Tyson Foods (TSN), Hormel Foods (HRL), Sanderson Farms (SAFM), Seaboard Corporation (SEB), Hillshire Brands (HSH).
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  • May 23, 2013, 6:47 AM
    More on Hormel Foods' (HRL) Q1: Volume was up 4% during the quarter. Revenue gains were led by a 49% Y/Y increase in Grocery Products, while Refrigerated Foods and Jennie-O Turkey Store sales both fell back. Segment operating profit slipped 2%, partially due to higher grain costs and weaker commodity turkey prices. The company backs its full year EPS guidance of $1.93-$2.03. (PR)
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  • May 23, 2013, 6:32 AM
    Hormel Foods (HRL): Q1 EPS of $0.46 misses by $0.03. Revenue of $2.15B (+7% Y/Y) misses by $0.04B. (PR)
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  • May 23, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AAP, AINV, ALKS, BKE, BONT, DLTR, GME,HRL, QSII, RL, SLF, TD
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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