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Hormel Foods Corporation (HRL)

  • 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!
  • 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%.
  • 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)
  • 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
  • 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)
  • 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.
  • Thu, Feb. 19, 8:52 AM
    • Hormel Foods (NYSE:HRL) reports volume rose 3% in FQ1.
    • Revenue by segment: Grocery Products: $409.75M (+2%); Refrigerated Foods: $1.14B (+1.4%); Jennie-O Turkey Store: $440.02M (+10.2%); Specialty Foods: $263.27M (+34.3%); International & Other: $137.81M (+17.4%).
    • Gross profit rate improved 78 bps to 18.56%.
    • Adjusted segment operating profit rate rose 113 bps to 12.05%.
    • The company expects FY2015 adjusted EPS to be in the range of $2.50 to $ 2.60.
    • HRL +0.93% premarket.
  • 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
  • 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!
  • 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
  • Aug. 5, 2013, 2:22 PM
    • Shares of Tyson Foods (TSN +4.3%) are higher after the company surprised analysts with a brisk quarter led by steady demand for chicken, pork, and beef products. The trend of restaurants and consumers moving toward a higher mix of lower-margin chicken products seems to have abated, which is also welcome relief for Tyson.
    • Peers are out-performing market averages for the days on the good sector news. SFD +0.1%, HRL +0.2%, PPC +0.4%.
    | Comment!
  • Jul. 29, 2013, 2:38 PM
    • Hormel Foods (HRL +2.1%) gets an upgrade to Outperform from Neutral at Credit Suisse.
    • Price target is hiked to $46 from $39.
    • It's a "relative call", analyst Robert Moskow says. HRL "has roughly 11% upside over the next 12 months" which looks pretty good compared to zero percent for the food group.
    | Comment!
  • 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).
    | 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