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Hormel Foods Corporation (HRL)

- NYSE
  • Aug. 10, 2012, 3:52 PM
    After corn prices spiked to new highs following today's USDA report, prices ended lower as cuts to demand estimates helped offset the expected declines in corn yields. "The USDA is behind the market and [traders] expect another reduction in yield," a pro says. Food shares are mixed: ADM -2%, HRL +0.1%, HSH -1.8%, TSN +1.3%, MON -2.1%, POT +0.8%, CF -2.1%, AGU -0.1%.
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  • Aug. 8, 2012, 3:46 PM
    Fears that the U.S. drought will drive up food prices next year are mostly unfounded, WSJ's Josh Mitchell writes, calculating the average consumer will spend only an extra $2.73/month. Food accounts for only ~14% of consumers’ daily living expenses, and given that prices for other items are falling or subdued, overall inflation likely will remain muted. (also)
    | 9 Comments
  • Aug. 6, 2012, 7:58 AM
    Even before a widespread drought hit the U.S. this summer, the nation's cattle herd was shrinking to low levels and pushing prices up. Now prices look set for another run higher as Tyson (TSN) warns on periods of imbalance of fed cattle supply in 2013. While sellers such as SFD, HRL, SAFM, and PPC may get away with passing on higher prices to consumers, will restaurants chains such as McDonald's (MCD), Wendy's (WEN), and Chipotle (CMG) have to absorb the higher input costs?
    | 3 Comments
  • Aug. 1, 2012, 1:40 PM
    Food price increases resulting from the Midwest drought that ravaged crops might not be as steep as some expect, according to some analysis. Fruit and vegetables crops are relatively stable due to irrigation, while corn ingredients typically only make up a a small portion of many common packaged food items. For the time being beef and milk prices could actually dip as farmers sell off cattle that they can't feed effectively, though next year consumers could take the hit when the dwindling number of cattle directly affects beef and dairy prices.
    | 7 Comments
  • Jul. 9, 2012, 3:24 PM
    An outbreak of a bird flu in Mexico appears to be worse than expected with over 2.5M chickens now affected and another 1M birds already destroyed. Though the effect on U.S. companies (if any) is still getting debated, shares of chicken sellers are trading lower with a downgrade on sector names from BMO Capital Markets also affecting sentiment. Decliners: SFD -4.5%, HRL -1.8%, TSN -2.5%, PPC -8.3%, SAFM -2.2%.
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  • Jun. 25, 2012, 12:37 PM
    Hillshire Brands (SLE -1.5%) could be a takeover target after it spins off its European coffee and tea brands and emerges as a pure play meats company later this week, according to analysts with Bernstein Research. Potential acquirers include TSN, SFD, HRL, as well as a pair of Brazilian food companies - JBS and BRF Brasil (BRFS).
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  • May. 23, 2012, 12:40 PM
    Hormel Foods (HRL +2.4%) moves higher on a mixed Q2, beating on its EPS but missing on revenue. Net earnings rose 17% as strong demand for turkey burgers and Spam helped offset lower sales of refrigerated foods and pork products. While operating profit increased in four of five units, volumes were down in its grocery products and refrigerated foods divisions - a sign brand-name food makers continue to struggle after raising prices throughout 2011.
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  • May. 23, 2012, 6:45 AM
    Hormel Foods (HRL): FQ2 EPS of $0.48 beats by $0.07. Revenue of $2.01B (+2.8% Y/Y) in-line. (PR)
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  • May. 23, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: AEO, AINV, BIG, BMO, EV, HRL, TOL
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  • May. 22, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: AEO, AINV, BIG, BMO, EV, HRL, TOL
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  • May. 7, 2012, 9:44 AM
    Tyson Foods (TSN) runs 3.7% higher after beating the consensus estimate of analysts with its FQ2 report - powered by higher chicken and beef prices. On an earnings CC, execs say they believe the worst is over for the food service industry as they paint a rosy picture for the sector. HRL, SFD, PPC, SAFM.
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  • May. 1, 2012, 7:20 AM
    The pig herd is set to expand to 117.1M this year - the highest level in at least 50 years - estimates the USDA, while Chinese production is forecast at more than a 25-year high. The result could be an end to a big rally in hog prices and continued gains for consumers like Sara Lee (SLE).
    | 1 Comment
  • Feb. 23, 2012, 6:59 AM
    Hormel Foods (HRL): FQ1 EPS of $0.48 in-line. Revenue of $2.04B (+6.1% Y/Y) in-line. (PR)
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  • Feb. 23, 2012, 12:05 AM
    Notable earnings before Thursday's open: AEE, AMT, ANSS, BBG, BRY, CMS, DISH, DNR, FWLT, GTI, HRL, IDCC, IMAX, IRM, IVR, KSS, LINE, LKQX, LXP, NGLS, NIHD, OCR, PCS, PDCO, PEG, PXP, SATS, SHLD, SUG, SWY, SXCI, TFX, TGT, THI, TS, TTC
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  • Feb. 22, 2012, 5:30 PM
    Notable earnings before Thursday's open: AEE, AMT, ANSS, BBG, BRY, CMS, DISH, DNR, FWLT, GTI, HRL, IDCC, IMAX, IRM, IVR, KSS, LINE, LKQX, LXP, NGLS, NIHD, OCR, PCS, PDCO, PEG, PXP, SATS, SHLD, SUG, SWY, SXCI, TFX, TGT, THI, TS, TTC
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  • Jan. 13, 2012, 10:18 AM
    Wall Street analysts hate these 10 stocks most of all, each with more than 35% of analysts rating them Sell - no small feat when a mere 4% of the 10,500-plus ratings on S&P 500 stocks heading into 2012 had Sell ratings: SHLD, WPO, LXK, FII, HRL, AN, NFLX, AIV, LLY, SWY. (earlier)
    | 1 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