Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products. The company also provides turkey products; nutritional food products and supplements; dessert and drink mixes; and industrial gelatin products. It sells its products under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, etc. brand names through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
IPO Year:
Exchange: NYSE
Website: hormelfoods.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/20/2025 | $34.00 | Neutral → Overweight | Analyst |
| 6/23/2025 | $35.00 | Buy | Goldman |
| 5/27/2025 | $30.00 | Underperform → Neutral | BNP Paribas Exane |
| 4/15/2025 | $35.00 | Underperform → Neutral | BofA Securities |
| 10/21/2024 | $28.00 | Underperform | Exane BNP Paribas |
| 10/3/2024 | $31.00 | Equal-Weight | Stephens |
| 8/13/2024 | $33.00 → $37.00 | Neutral → Buy | Citigroup |
| 5/31/2024 | $28.00 → $29.00 | Underweight → Neutral | JP Morgan |
| 2/1/2024 | $31.00 | Neutral | Citigroup |
| 3/30/2023 | Buy → Hold | Argus |
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4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
10-Q - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
8-K/A - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
S-8 - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
DEFA14A - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
DEFA14A - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
DEF 14A - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
S-3ASR - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
10-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
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Analyst upgraded Hormel Foods from Neutral to Overweight and set a new price target of $34.00
Goldman initiated coverage of Hormel Foods with a rating of Buy and set a new price target of $35.00
BNP Paribas Exane upgraded Hormel Foods from Underperform to Neutral and set a new price target of $30.00
BofA Securities upgraded Hormel Foods from Underperform to Neutral and set a new price target of $35.00
Exane BNP Paribas initiated coverage of Hormel Foods with a rating of Underperform and set a new price target of $28.00
Stephens resumed coverage of Hormel Foods with a rating of Equal-Weight and set a new price target of $31.00
Citigroup upgraded Hormel Foods from Neutral to Buy and set a new price target of $37.00 from $33.00 previously
JP Morgan upgraded Hormel Foods from Underweight to Neutral and set a new price target of $29.00 from $28.00 previously
Citigroup initiated coverage of Hormel Foods with a rating of Neutral and set a new price target of $31.00
Argus downgraded Hormel Foods from Buy to Hold
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Company Achieves Net Sales of $3 billion and Organic Net Sales1 Growth of 2%Company Reports Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34Updates GAAP Guidance; Reiterates Adjusted Full Year Fiscal 2026 GuidanceAUSTIN, Minn., Feb. 26, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today reported results for the first quarter of fiscal 2026, which ended January 25, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted. EXECUTIVE SUMMARY — FIRST QUARTERNet sales of $3.03 billion; organi
New role underscores company's commitment to modernizing technology, digital and data capabilitiesAUSTIN, Minn., Feb. 24, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced the appointment of Donald Monk as chief technology officer, effective March 23. In this newly created role, Monk will serve as the company's senior-most technology leader, responsible for envisioning, aligning and delivering the enterprise technology, digital and data strategy that supports long‑term growth. "Don is an exceptional technology le
Expects Q1 Net Sales of $3 billion; Organic Net Sales1 Growth of 2%Expects Q1 Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34Separately Announces Definitive Agreement to Sell Its Whole-Bird Turkey BusinessPresenting at the 2026 Consumer Analyst Group of New York (CAGNY) ConferenceAUSTIN, Minn., Feb. 17, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced today preliminary first quarter fiscal 2026 results ahead of its presentation at the CAGNY conference on Wednesday, Feb. 18, 2026, at 4 p.m. ET, and reaffirmed its expected organic net sales1 and adjusted diluted earnings per share1 guidance for fiscal 2026.
Transaction supports strategic shift toward more value-added protein offerings by Hormel FoodsJENNIE-O® brand remains a strategic source of profitable growth for Hormel FoodsAUSTIN, Minn., and WILLMAR, Minn., Feb. 17, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced it has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI). The transaction is expected to close by the end of the second quarter of fiscal 2026 for Hormel Foods, subject to customary closing conditions.
Seasoned supply chain leader to oversee global procurement, manufacturing, planning, logistics and engineering AUSTIN, Minn., Feb. 12, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced the appointment of Will Bonifant as group vice president and chief supply chain officer, effective March 9. In this role, Bonifant will lead the company's global supply chain, including procurement, manufacturing, planning, logistics, engineering and supply chain innovation. "Will is a proven supply chain leader who has scaled co
Hawaiian-born standout brings island-inspired flavor to game day, challenging fans to rethink traditional watch party menus AUSTIN, Minn., Feb. 3, 2026 /PRNewswire/ -- The SPAM® brand is throwing down for the Big Game with the "SPAM® brand vs. Everybody" campaign, teaming up with star wide receiver Tetairoa "T-Mac" McMillan to challenge fans to rethink traditional game day menus. A Hawaii native raised on SPAM® musubi, McMillan brings a lifelong connection to the SPAM® brand as the iconic pantry staple invites fans to elevate their watch-party spreads and discover why the SPAM® brand products are the ultimate watch party MVP.
AUSTIN, Minn., Feb. 2, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced its participation at the upcoming 2026 Consumer Analyst Group of New York (CAGNY) Conference and confirmed key details for the fiscal 2026 first quarter earnings call. CAGNY ConferenceHormel Foods will deliver its presentation at the 2026 CAGNY Conference in Orlando, Fla., on Wednesday, Feb. 18, 2026, at 4 p.m. ET. The live webcast, replay, and other information related to presentation will be available on the Hormel Foods investor website
Following the successful introduction of its three SKIPPY®-inspired protein snack items earlier this year, Genius Gourmet® is building momentum as the lineup gains traction across key grocery retailers and expands into the convenience channel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260202458734/en/The SKIPPY®-inspired lineup (Graphic: Genius Gourmet) The SKIPPY®-inspired lineup includes: Genius Gourmet® SKIPPY® Crispy Protein Bar: a modern take on the classic crispy treat, made with SKIPPY® Natural Peanut Butter Spread and delivering 12 grams of protein (24% DV) with a craveable crunchy texture per serving. Genius
PLANTERS® Brand Seeks Road Trip-Ready Applicants for 2026 Peanutter Class PLANTERS® is hiring three Peanutters for 2026 to drive the iconic NUTmobile nationwide as full-time brand ambassadors starting June 2026.The yearlong role includes travel, media appearances, content creation, salary, benefits and stipends, offering hands-on marketing and PR experience.Applications are open through Feb. 14, 2026, at BeAPeanutter.com for college grads who love travel, storytelling and fun.AUSTIN, Minn., Jan. 29, 2026 /PRNewswire/ -- If you've never been told to "break out of your shell," this is the job for you. With over 20,000 miles driven annually and countless memories made, the PLANTERS® NUTmobile w
Latest offering responds to growing consumer demand for convenient hosting options AUSTIN, Minn., Jan. 21, 2026 /PRNewswire/ -- COLUMBUS® Craft Meats, a leading brand in premium salumi, is introducing a new charcuterie product designed for easy entertaining and hosting: COLUMBUS® Entertaining Tray. With at-home entertaining on the rise, consumers are looking for solutions that make gathering feel special without added stress. In response to this demand, the COLUMBUS® Craft Meats brand has unveiled a ready-to-serve charcuterie and cheese tray designed for modern hosts who value both flavor and efficiency. From Galentine's Day celebrations to game nights, today's gatherings are more frequent,
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New role underscores company's commitment to modernizing technology, digital and data capabilitiesAUSTIN, Minn., Feb. 24, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced the appointment of Donald Monk as chief technology officer, effective March 23. In this newly created role, Monk will serve as the company's senior-most technology leader, responsible for envisioning, aligning and delivering the enterprise technology, digital and data strategy that supports long‑term growth. "Don is an exceptional technology le
Seasoned supply chain leader to oversee global procurement, manufacturing, planning, logistics and engineering AUSTIN, Minn., Feb. 12, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced the appointment of Will Bonifant as group vice president and chief supply chain officer, effective March 9. In this role, Bonifant will lead the company's global supply chain, including procurement, manufacturing, planning, logistics, engineering and supply chain innovation. "Will is a proven supply chain leader who has scaled co
AUSTIN, Minn., Jan. 15, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the appointment of Domenic Borrelli as executive vice president of Retail, effective February 23, 2026. In this role, Borrelli will oversee the Retail business unit, which includes many of the company's most recognized consumer brands and represents one of its largest growth engines. "I am delighted to welcome Domenic to the company. He has a proven track record of creating consumer-driven growth in well-established, legacy businesses an
New role further strengthens marketing capabilities and accelerates growth strategy AUSTIN, Minn., Dec. 18, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that Jason Levine has been appointed to a newly created enterprise-wide chief marketing officer (CMO) role, a move that underscores the company's commitment to driving growth and innovation as it continues to strengthen its consumer-centric strategy. Levine is a seasoned marketing leader with more than two decades of experience in the consumer packaged go
Aakre extends his service to the company by joining Hormel Foods board of directors AUSTIN, Minn., May 15, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced that Scott Aakre, group vice president and chief marketing officer for Retail, will retire at the end of the company's fiscal 2025 after 35 years of distinguished service. His responsibilities will be transitioned internally. The company also announced that Aakre, who serves on The Hormel Foundation board, was appointed to the Hormel Foods board of directors, effective May 15, 2025, enabling the company to continue benefiting from his expertise.
AUSTIN, Minn., March 20, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced today that Jeffrey M. Ettinger, chairman of The Hormel Foundation, has been re-appointed to the Hormel Foods Board of Directors, effective March 21, 2025. The Hormel Foundation, an unaffiliated non-profit organization with a charitable mission, beneficially owns approximately 46% of Hormel Foods outstanding common stock. Ettinger previously served on the Hormel Foods Board of Directors and spent nearly three decades with the company, retiring in 2016 after a successful tenure as president and chief executive officer.
AUSTIN, Minn., Jan. 30, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced the upcoming retirement of Mark Ourada, group vice president, Foodservice, following 37 years of dedicated service and leadership. Throughout his nearly four-decade-long career with the company, Ourada has played an active role in the successful development and evolution of the $3.8 billion Foodservice business segment. He was also instrumental in the PLANTERS® brand integration and helped the company drive focus and growth in the convenience store channel.
AUSTIN, Minn., Jan. 20, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced the upcoming retirement of Brian Johnson, vice president and corporate secretary. "Throughout his 30-year career at Hormel Foods, Brian has been a trusted advisor to me, our executives and our Board of Directors," said Jim Snee, chairman of the board, president, and chief executive officer at Hormel Foods. "Brian has earned tremendous respect internally, externally, and with our Board of Directors, for his expertise, sound judgment, integrity a
Travel the country representing the PLANTERS® brand, and spread nutty fun at events nationwide in a paid, full-time role starting June 2025. AUSTIN, Minn., Jan. 7, 2025 /PRNewswire/ -- If you've ever dreamed of traveling the country in a 26-foot-long peanut – the makers of the PLANTERS® brand have a "shell" of a job for you! Applications are now being accepted to become a world-famous Peanutter. This year, the three available positions offer an exciting opportunity to join a promotional tour throughout the country featuring a competitive compensation and benefits package that
AUSTIN, Minn., Dec. 12, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that Mike Clausman has been appointed to the new role of vice president, deputy general counsel and assistant secretary. In this critical role, Clausman will oversee the legal support of the company's brand and business growth initiatives, commercial transactions, mergers and acquisitions and intellectual property. He will report to Colleen Batcheler, senior vice president external affairs & general counsel at Hormel Foods. "I look forwar
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Company Achieves Net Sales of $3 billion and Organic Net Sales1 Growth of 2%Company Reports Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34Updates GAAP Guidance; Reiterates Adjusted Full Year Fiscal 2026 GuidanceAUSTIN, Minn., Feb. 26, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today reported results for the first quarter of fiscal 2026, which ended January 25, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted. EXECUTIVE SUMMARY — FIRST QUARTERNet sales of $3.03 billion; organi
Expects Q1 Net Sales of $3 billion; Organic Net Sales1 Growth of 2%Expects Q1 Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34Separately Announces Definitive Agreement to Sell Its Whole-Bird Turkey BusinessPresenting at the 2026 Consumer Analyst Group of New York (CAGNY) ConferenceAUSTIN, Minn., Feb. 17, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced today preliminary first quarter fiscal 2026 results ahead of its presentation at the CAGNY conference on Wednesday, Feb. 18, 2026, at 4 p.m. ET, and reaffirmed its expected organic net sales1 and adjusted diluted earnings per share1 guidance for fiscal 2026.
Transaction supports strategic shift toward more value-added protein offerings by Hormel FoodsJENNIE-O® brand remains a strategic source of profitable growth for Hormel FoodsAUSTIN, Minn., and WILLMAR, Minn., Feb. 17, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced it has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI). The transaction is expected to close by the end of the second quarter of fiscal 2026 for Hormel Foods, subject to customary closing conditions.
Hawaiian-born standout brings island-inspired flavor to game day, challenging fans to rethink traditional watch party menus AUSTIN, Minn., Feb. 3, 2026 /PRNewswire/ -- The SPAM® brand is throwing down for the Big Game with the "SPAM® brand vs. Everybody" campaign, teaming up with star wide receiver Tetairoa "T-Mac" McMillan to challenge fans to rethink traditional game day menus. A Hawaii native raised on SPAM® musubi, McMillan brings a lifelong connection to the SPAM® brand as the iconic pantry staple invites fans to elevate their watch-party spreads and discover why the SPAM® brand products are the ultimate watch party MVP.
AUSTIN, Minn., Feb. 2, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced its participation at the upcoming 2026 Consumer Analyst Group of New York (CAGNY) Conference and confirmed key details for the fiscal 2026 first quarter earnings call. CAGNY ConferenceHormel Foods will deliver its presentation at the 2026 CAGNY Conference in Orlando, Fla., on Wednesday, Feb. 18, 2026, at 4 p.m. ET. The live webcast, replay, and other information related to presentation will be available on the Hormel Foods investor website
PLANTERS® Brand Seeks Road Trip-Ready Applicants for 2026 Peanutter Class PLANTERS® is hiring three Peanutters for 2026 to drive the iconic NUTmobile nationwide as full-time brand ambassadors starting June 2026.The yearlong role includes travel, media appearances, content creation, salary, benefits and stipends, offering hands-on marketing and PR experience.Applications are open through Feb. 14, 2026, at BeAPeanutter.com for college grads who love travel, storytelling and fun.AUSTIN, Minn., Jan. 29, 2026 /PRNewswire/ -- If you've never been told to "break out of your shell," this is the job for you. With over 20,000 miles driven annually and countless memories made, the PLANTERS® NUTmobile w
Latest offering responds to growing consumer demand for convenient hosting options AUSTIN, Minn., Jan. 21, 2026 /PRNewswire/ -- COLUMBUS® Craft Meats, a leading brand in premium salumi, is introducing a new charcuterie product designed for easy entertaining and hosting: COLUMBUS® Entertaining Tray. With at-home entertaining on the rise, consumers are looking for solutions that make gathering feel special without added stress. In response to this demand, the COLUMBUS® Craft Meats brand has unveiled a ready-to-serve charcuterie and cheese tray designed for modern hosts who value both flavor and efficiency. From Galentine's Day celebrations to game nights, today's gatherings are more frequent,
AUSTIN, Minn., Jan. 13, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, will hold its 2026 Annual Meeting of Stockholders in person at Austin High School's Richard L. Knowlton Auditorium (300 NW 4th Street) in Austin, Minnesota. The meeting will be held at 6 p.m. CST on Tuesday, Jan. 27, 2026, and is open to all registered stockholders or beneficial owners of the company's common stock as of the close of business on Nov. 28, 2025. Eligible stockholders may attend with one guest. To attend the annual meeting, stockholders mus
AUSTIN, Minn., Jan. 12, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the upcoming retirements of two long-tenured leaders: Mark Morey, vice president of operations for fresh pork, and Paul Peil, vice president of marketing for fresh and ready meats. "Mark has been a trusted leader at Hormel Foods for more than three decades, serving in roles across sales, marketing, general management and operations," said Jeff Ettinger, interim CEO. "His customer focus, operational discipline and commitment to continuous
The No. 1 hash brand for more than 70 years expands its lineup with bold flavors designed to stretch meals and simplify busy nights AUSTIN, Minn., Jan. 6, 2026 /PRNewswire/ -- When the weather turns cold, comfort food takes center stage, and HORMEL® MARY KITCHEN® Hash is delivering with two skillet products now available at select retailers nationwide. The iconic brand, best known for its original Corned Beef Hash, is expanding its lineup with hearty ingredients and bold flavors designed to help families spend less time in the kitchen and more time around the table. Perfect f
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SC 13G/A - HORMEL FOODS CORP /DE/ (0000048465) (Subject)
SC 13G/A - HORMEL FOODS CORP /DE/ (0000048465) (Subject)
SC 13G/A - HORMEL FOODS CORP /DE/ (0000048465) (Subject)