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 |
|---|---|---|---|
| 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 | |
| 3/3/2023 | $47.00 → $38.00 | Neutral → Underweight | JP Morgan |
| 3/15/2022 | $44.00 | Neutral → Sell | Goldman |
| 3/10/2022 | $57.00 | Hold → Buy | Argus |
| 3/2/2022 | $46.00 → $48.00 | Neutral | JP Morgan |
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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
John Ghingo, former president of Applegate, rejoining the company as her successor AUSTIN, Minn., Aug. 19, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announces the retirement of Deanna Brady, executive vice president, Retail, at the end of the fiscal year on Oct. 27, 2024. During nearly three decades of distinguished service to Hormel Foods, she successfully led teams across both the foodservice and retail lines of business and served as a key architect of the company's results-driven, high-performing culture. The
Students from over 50 colleges and universities participate in the company's 10-week, award-winning internship program AUSTIN, Minn., May 29, 2024 /PRNewswire/ -- An internship with Hormel Foods isn't your typical summer job. In fact, the majority of these talented collegiates, who will hone their skills on everything from sales and food science to engineering and marketing, will very likely receive a full-time job offer to join the Fortune 500 global branded food company. Hormel Foods converts over 70% of its interns into full-time team members. This week Hormel Foods proudly
AUSTIN, Minn., May 9, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that Colleen Batcheler has been appointed to the role of senior vice president, external affairs & general counsel. In this critical role, Batcheler will oversee the organization's global Legal and External Affairs function, including corporate governance and securities, M&A, intellectual property, litigation, labor and employment, and legislative and regulatory affairs. She will report directly to Jim Snee, chairman of the board, presiden
Company Names Chad Randick Successor AUSTIN, Minn., April 24, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that Jeff Grev, vice president of legislative affairs, will be retiring after a 40-year career with the company. Chad Randick, director of strategy and current lead of the company's transformation and modernization initiative, will succeed Grev as vice president of legislative affairs. "I want to thank Jeff for his four decades of extraordinary service to our company. I'm grateful for his leadership,
Applications are now being accepted to join MR. PEANUT® and "shell-ebrate" with fans across the streets of America in the iconic NUTmobile AUSTIN, Minn., April 1, 2024 /PRNewswire/ -- If you've ever dreamed of traveling the country with MR. PEANUT® aboard his world-famous NUTmobile, listen up. The makers of the PLANTERS® brand have a once-in-a-lifetime opportunity to offer. The PLANTERS® brand team is in search of three team members — affectionately known as Peanutters — to chauffeur MR. PEANUT® across America. They'll travel in the one-of-a-kind, 26-foot-long NUTmobile, bring
AUSTIN, Minn., Feb. 1, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced the upcoming retirement of Mark Coffey, group vice president of supply chain. The company announced that Steve Lykken, group vice president of Jennie-O Turkey Store, will advance to group vice president of supply chain. In this role, Lykken will lead the company's One Supply Chain organization, including procurement, manufacturing, engineering, logistics, research and development, quality management and plant operations. "Mark has been a highly
Company names Darren Carter successor AUSTIN, Minn., Jan. 18, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced the upcoming retirement of Pat Schwab, vice president of Retail Sales – East. The company announced that Darren Carter, vice president of sales strategy at Hormel Foods, will advance to vice president of Retail Sales – East, replacing Schwab in this role. Carter will oversee the sales functions for all retail customers throughout the Eastern half of the United States. "Pat has been a tremendous leader for o
Beloved Girl Scout Cookie™ flavors combine with delicious, creamy Skippy® peanut butter in 3 appetizing flavor variations AUSTIN, Minn., Sept. 28, 2023 /PRNewswire/ -- Delighting cookie and peanut-butter lovers everywhere, the makers of the Skippy® brand are proud to introduce three new variations of Skippy® P.B. Bites, all featuring Girl Scout Cookie™ inspired flavors. This portable, poppable snack offers a whole new indulgent taste experience for Girl Scout Cookie™ lovers that tastes like dipping those beloved cookies into a fresh jar of creamy Skippy® peanut butter, creating an irresistible treat that is sure to please. The new bite-size snacks come in three different flavors: Coconut Car
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The company, along with joint-venture MegaMex Foods — the makers of WHOLLY® GUACAMOLE, LA VICTORIA®, HERDEZ®, and CHI-CHI'S® salsa — partner to deliver assistance to communities where team members live and work AUSTIN, Minn., Jan. 17, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, is committed to supporting disaster relief efforts across Southern California as wildfires continue to impact communities. The company has donated cash and products valued at more than $2 million retail to aid those affected, working closely with long-standing partners on the ground, including Convoy of Hope.
AUSTIN, Minn., Jan. 14, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that James P. Snee, chairman of the board, president and chief executive officer, will retire at the end of fiscal 2025, following a distinguished 36-year career with the company. The Board has formed a search committee and will benefit from its existing CEO-succession process to identify Snee's successor. Internal and external candidates are being considered. Snee has agreed that once his successor is named, he will serve as a strategic
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
Strength in Value-Added Portfolio and $75 million in Operating Income Benefit from Transform and Modernize Initiative Results in Record Operating Cash Flow AUSTIN, Minn., Dec. 4, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported fourth quarter and full-year fiscal 2024 results. All comparisons are to the fourth quarter of fiscal 2023 unless otherwise noted. EXECUTIVE SUMMARY – FISCAL 2024 Net sales of $11.9 billionOperating income of $1.1 billion; adjusted operating income1 of $1.1 billionOperating margin of 9.
AUSTIN, Minn., Nov. 25, 2024 /PRNewswire/ -- The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced a 3 percent increase to the annual dividend to shareholders, marking the 59th consecutive annual dividend increase. The annual dividend on the common stock of the Corporation was raised to $1.16 per share from $1.13 per share. The Board of Directors authorized the first quarterly dividend of 29.00 cents ($0.2900) a share to be paid on February 18, 2025, to stockholders of record at the close of business on Janua
15,000 turkeys were donated to Food Bank For New York City, bringing the brand's turkey donation total over 30,000 this holiday season WILLMAR, Minn., Nov. 22, 2024 /PRNewswire/ -- The makers of the JENNIE-O® turkey brand — a trusted brand for turkey products around the world — today announced their collaboration with NBC's "The Tonight Show Starring Jimmy Fallon," with whom they donated 15,000 whole frozen turkeys to Food Bank For New York City. In all, the JENNIE-O® brand team is donating more than 30,000 turkeys this holiday season. During an integrated segment last night o
WILLMAR, Minn., Nov. 12, 2024 /PRNewswire/ -- The makers of the Jennie-O® turkey brand — a category leader and one of the top turkey brands in the United States — will once again display its dazzling float in the 98th Macy's Thanksgiving Day Parade®. The Thanksgiving tradition will feature the Jennie-O Big Turkey Spectacular float, which will entertain Parade attendees and millions of viewers nationwide on the morning of Thursday, Nov. 28 for the fifth consecutive year. T-Pain, the GRAMMY award-winning artist, producer, songwriter, entrepreneur and global cultural icon, is set
Two students with military backgrounds awarded $10,000 scholarships to pursue careers in culinary arts, foodservice management AUSTIN, Minn., Nov. 11, 2024 /PRNewswire/ -- Hormel Foods Corporation, a Fortune 500 global branded food company, is today announcing the recipients of this year's $10,000 Hormel Heroes Scholarships. Launched in 2019 and administered by the National Restaurant Association Educational Foundation (NRAEF), the Hormel Heroes Scholarship Program supports students with military backgrounds who are pursuing degrees in culinary arts or foodservice management.
AUSTIN, Minn., Nov. 8, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jim Snee, chairman of the board, president and chief executive officer; Jacinth Smiley, executive vice president and chief financial officer; John Ghingo, executive vice president, Retail; and Nathan Annis vice president, corporate development; to discuss the Company's fourth quarter financial results, full-year financial results, and transform and modernize initiative. The Company will issue its earnings release before the markets open on Wednesday, December 4, 2024, and will host a confer
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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
JP Morgan downgraded Hormel Foods from Neutral to Underweight and set a new price target of $38.00 from $47.00 previously
Goldman downgraded Hormel Foods from Neutral to Sell and set a new price target of $44.00
Argus upgraded Hormel Foods from Hold to Buy and set a new price target of $57.00
JP Morgan reiterated coverage of Hormel Foods with a rating of Neutral and set a new price target of $48.00 from $46.00 previously
The company, along with joint-venture MegaMex Foods — the makers of WHOLLY® GUACAMOLE, LA VICTORIA®, HERDEZ®, and CHI-CHI'S® salsa — partner to deliver assistance to communities where team members live and work AUSTIN, Minn., Jan. 17, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, is committed to supporting disaster relief efforts across Southern California as wildfires continue to impact communities. The company has donated cash and products valued at more than $2 million retail to aid those affected, working closely with long-standing partners on the ground, including Convoy of Hope.
AUSTIN, Minn., Jan. 14, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that James P. Snee, chairman of the board, president and chief executive officer, will retire at the end of fiscal 2025, following a distinguished 36-year career with the company. The Board has formed a search committee and will benefit from its existing CEO-succession process to identify Snee's successor. Internal and external candidates are being considered. Snee has agreed that once his successor is named, he will serve as a strategic
Strength in Value-Added Portfolio and $75 million in Operating Income Benefit from Transform and Modernize Initiative Results in Record Operating Cash Flow AUSTIN, Minn., Dec. 4, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported fourth quarter and full-year fiscal 2024 results. All comparisons are to the fourth quarter of fiscal 2023 unless otherwise noted. EXECUTIVE SUMMARY – FISCAL 2024 Net sales of $11.9 billionOperating income of $1.1 billion; adjusted operating income1 of $1.1 billionOperating margin of 9.
AUSTIN, Minn., Nov. 25, 2024 /PRNewswire/ -- The Board of Directors of Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced a 3 percent increase to the annual dividend to shareholders, marking the 59th consecutive annual dividend increase. The annual dividend on the common stock of the Corporation was raised to $1.16 per share from $1.13 per share. The Board of Directors authorized the first quarterly dividend of 29.00 cents ($0.2900) a share to be paid on February 18, 2025, to stockholders of record at the close of business on Janua
15,000 turkeys were donated to Food Bank For New York City, bringing the brand's turkey donation total over 30,000 this holiday season WILLMAR, Minn., Nov. 22, 2024 /PRNewswire/ -- The makers of the JENNIE-O® turkey brand — a trusted brand for turkey products around the world — today announced their collaboration with NBC's "The Tonight Show Starring Jimmy Fallon," with whom they donated 15,000 whole frozen turkeys to Food Bank For New York City. In all, the JENNIE-O® brand team is donating more than 30,000 turkeys this holiday season. During an integrated segment last night o
WILLMAR, Minn., Nov. 12, 2024 /PRNewswire/ -- The makers of the Jennie-O® turkey brand — a category leader and one of the top turkey brands in the United States — will once again display its dazzling float in the 98th Macy's Thanksgiving Day Parade®. The Thanksgiving tradition will feature the Jennie-O Big Turkey Spectacular float, which will entertain Parade attendees and millions of viewers nationwide on the morning of Thursday, Nov. 28 for the fifth consecutive year. T-Pain, the GRAMMY award-winning artist, producer, songwriter, entrepreneur and global cultural icon, is set
Two students with military backgrounds awarded $10,000 scholarships to pursue careers in culinary arts, foodservice management AUSTIN, Minn., Nov. 11, 2024 /PRNewswire/ -- Hormel Foods Corporation, a Fortune 500 global branded food company, is today announcing the recipients of this year's $10,000 Hormel Heroes Scholarships. Launched in 2019 and administered by the National Restaurant Association Educational Foundation (NRAEF), the Hormel Heroes Scholarship Program supports students with military backgrounds who are pursuing degrees in culinary arts or foodservice management.
AUSTIN, Minn., Nov. 8, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jim Snee, chairman of the board, president and chief executive officer; Jacinth Smiley, executive vice president and chief financial officer; John Ghingo, executive vice president, Retail; and Nathan Annis vice president, corporate development; to discuss the Company's fourth quarter financial results, full-year financial results, and transform and modernize initiative. The Company will issue its earnings release before the markets open on Wednesday, December 4, 2024, and will host a confer
AUSTIN, Minn., Nov. 7, 2024 /PRNewswire/ -- Hormel Foods Corporation, a Fortune 500 global branded food company, today announced it has been named on Military Times' 2024 Best for Vets employer list for the 12th consecutive year. Military Times evaluates company efforts to recruit, retain and support current and former service members, military spouses and military caregivers. "We are honored to be recognized for the 12th year in a row as a Best for Vets employer," said Richard Carlson, vice president of Quality Management at Hormel Foods and the executive sponsor of HMVET, th
AUSTIN, Minn., Oct. 24, 2024 /PRNewswire/ -- Hormel Foods Corporation, a Fortune 500 global branded food company, announced today that it was once again recognized by Vault as having one of the top 150 internship programs in the country. The company's award-winning summer internship program was recognized in the categories of Best Internships for Engineering; as well as Sales, Marketing and Communications. "We are honored to be recognized among the top 150 best internship programs in the nation," said Amy Sheehan, director of talent acquisition at Hormel Foods. "This year, we