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 |
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)
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8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
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Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
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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AUSTIN, Minn., Nov. 11, 2025 /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 Jeff Ettinger, interim chief executive officer; John Ghingo, president; and Paul Kuehneman, interim chief financial officer and controller, to discuss the Company's fourth quarter and full-year financial results, and provide commentary related to its fiscal 2026 outlook. The Company will issue its earnings release before the markets open on Thursday, Dec. 4, 2025, and will host a conference call at 8 a.m. CT (9 a.m. ET).
The company awards two students with military backgrounds $10,000 scholarships to pursue careers in culinary arts and foodservice management AUSTIN, Minn., Nov. 11, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the recipients of this year's $10,000 Hormel Heroes Scholarships. Administered by the National Restaurant Association Educational Foundation (NRAEF), the Hormel Heroes Scholarship program supports students with military backgrounds who are pursuing post-secondary degree in the restaurant, foodservice and hospitality industry.
The partnership includes a history-making Thanksgiving dinner on Ellis Island and free MyHeritage memberships to help families explore the culture that shapes their holiday table WILLMAR, Minn., Nov. 5, 2025 /PRNewswire/ -- Building on the Jennie-O Thanksgiving Roots and Recipes campaign announced this fall, Jennie-O is helping families across America explore their heritage and bring it to the Thanksgiving table. In partnership with MyHeritage, a leading global platform for family history, the JENNIE-O® brand is opening the door for families to build their family trees and celebrate their unique heritage through global recipes.
AUSTIN, Minn., Nov. 4, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced a corporate restructuring designed to thoughtfully align resources with the organization's strategic priorities, support future growth and strengthen the overall business. To ensure the company remains efficient and well-positioned for long-term success, Hormel Foods has implemented a voluntary early retirement program for a portion of its non-plant workforce, is closing many open roles and will reduce certain positions across its office-b
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 99th Macy's Thanksgiving Day Parade® WILLMAR, Minn., Nov. 3, 2025 /PRNewswire/ -- For its sixth consecutive year, the Jennie-O Big Turkey Spectacular float will entertain Macy's Thanksgiving Day Parade® attendees and millions of viewers nationwide on the morning of Thursday, Nov. 27. Shaggy, a multi-award-winning songwriter, producer and hitmaker, is set to perform a mashup of his most iconic songs on the Jennie-O float this
AUSTIN, Minn., Oct. 30, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today that it was again recognized by Vault as having one of the top 150 internship programs in the nation. The company's multi-year, award-winning summer internship program was recognized in the categories of Best Internships for Consumer and Industrial Products; Engineering; as well as Sales, Marketing and Communications. "It's such an honor to be recognized for our outstanding internship program," said Angie Bissen, director of talent acqui
Natosha Walsh to succeed Connor following his retirement AUSTIN, Minn., Oct. 30, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced the planned upcoming retirement of PJ Connor, group vice president of Retail sales, to coincide with his 30-year anniversary with the company this spring. Throughout his career, Connor has guided the organization through multiple transformation initiatives, built high-performing teams and championed the growth and development of talent across the organization. Natosha Walsh, a 26-year com
AUSTIN, Minn., Oct. 29, 2025 /PRNewswire/ -- Leadership Appointment Hormel Foods Corporation (NYSE:HRL) today announced the appointment of Paul Kuehneman as interim chief financial officer and controller, effective October 27, 2025. He will report to Jeff Ettinger, interim chief executive officer, and is accountable for the Company's accounting, finance, treasury, and internal controls functions. With more than 30 years of business and finance experience at Hormel Foods, Kuehneman has held a variety of leadership roles, including director of internal audit, vice president and
Justin's® Branded Business to Become a Standalone Company AUSTIN, Minn., and GREENWICH, Conn., Oct. 28, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, and Forward Consumer Partners ("Forward"), a private investment firm focused on branded consumer products, are pleased to announce they have signed a definitive agreement to establish a new strategic partnership. The transaction is expected to close by the end of the calendar year. This partnership enables the Justin's® branded business, which includes category-leading products such as nut butters and USDA-certified organic chocolate treats, to once again become a standalone company, owned
Fans can try this limited-edition flavor and participate in the #OnEverythingChallenge via Instagram AUSTIN, Minn., Oct. 28, 2025 /PRNewswire/ -- Two flavor powerhouses, HORMEL® BLACK LABEL® bacon and Frank's RedHot®, have joined forces to ignite taste buds with a bold new limited-edition product – HORMEL® BLACK LABEL® Frank's RedHot® flavored bacon. Available now for a limited time, each hardwood-smoked strip is crafted to deliver crispy perfection layered with savory depth and a bold burst of heat that fans of both brands will instantly recognize and crave. "This sizzling c
Insider transactions reveal critical 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)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4/A - 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)
Live Leadership Updates
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
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,
Live finance-specific insights
AUSTIN, Minn., Nov. 11, 2025 /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 Jeff Ettinger, interim chief executive officer; John Ghingo, president; and Paul Kuehneman, interim chief financial officer and controller, to discuss the Company's fourth quarter and full-year financial results, and provide commentary related to its fiscal 2026 outlook. The Company will issue its earnings release before the markets open on Thursday, Dec. 4, 2025, and will host a conference call at 8 a.m. CT (9 a.m. ET).
The company awards two students with military backgrounds $10,000 scholarships to pursue careers in culinary arts and foodservice management AUSTIN, Minn., Nov. 11, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the recipients of this year's $10,000 Hormel Heroes Scholarships. Administered by the National Restaurant Association Educational Foundation (NRAEF), the Hormel Heroes Scholarship program supports students with military backgrounds who are pursuing post-secondary degree in the restaurant, foodservice and hospitality industry.
The partnership includes a history-making Thanksgiving dinner on Ellis Island and free MyHeritage memberships to help families explore the culture that shapes their holiday table WILLMAR, Minn., Nov. 5, 2025 /PRNewswire/ -- Building on the Jennie-O Thanksgiving Roots and Recipes campaign announced this fall, Jennie-O is helping families across America explore their heritage and bring it to the Thanksgiving table. In partnership with MyHeritage, a leading global platform for family history, the JENNIE-O® brand is opening the door for families to build their family trees and celebrate their unique heritage through global recipes.
AUSTIN, Minn., Nov. 4, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced a corporate restructuring designed to thoughtfully align resources with the organization's strategic priorities, support future growth and strengthen the overall business. To ensure the company remains efficient and well-positioned for long-term success, Hormel Foods has implemented a voluntary early retirement program for a portion of its non-plant workforce, is closing many open roles and will reduce certain positions across its office-b
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 99th Macy's Thanksgiving Day Parade® WILLMAR, Minn., Nov. 3, 2025 /PRNewswire/ -- For its sixth consecutive year, the Jennie-O Big Turkey Spectacular float will entertain Macy's Thanksgiving Day Parade® attendees and millions of viewers nationwide on the morning of Thursday, Nov. 27. Shaggy, a multi-award-winning songwriter, producer and hitmaker, is set to perform a mashup of his most iconic songs on the Jennie-O float this
AUSTIN, Minn., Oct. 30, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced today that it was again recognized by Vault as having one of the top 150 internship programs in the nation. The company's multi-year, award-winning summer internship program was recognized in the categories of Best Internships for Consumer and Industrial Products; Engineering; as well as Sales, Marketing and Communications. "It's such an honor to be recognized for our outstanding internship program," said Angie Bissen, director of talent acqui
Natosha Walsh to succeed Connor following his retirement AUSTIN, Minn., Oct. 30, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced the planned upcoming retirement of PJ Connor, group vice president of Retail sales, to coincide with his 30-year anniversary with the company this spring. Throughout his career, Connor has guided the organization through multiple transformation initiatives, built high-performing teams and championed the growth and development of talent across the organization. Natosha Walsh, a 26-year com
AUSTIN, Minn., Oct. 29, 2025 /PRNewswire/ -- Leadership Appointment Hormel Foods Corporation (NYSE:HRL) today announced the appointment of Paul Kuehneman as interim chief financial officer and controller, effective October 27, 2025. He will report to Jeff Ettinger, interim chief executive officer, and is accountable for the Company's accounting, finance, treasury, and internal controls functions. With more than 30 years of business and finance experience at Hormel Foods, Kuehneman has held a variety of leadership roles, including director of internal audit, vice president and
Justin's® Branded Business to Become a Standalone Company AUSTIN, Minn., and GREENWICH, Conn., Oct. 28, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, and Forward Consumer Partners ("Forward"), a private investment firm focused on branded consumer products, are pleased to announce they have signed a definitive agreement to establish a new strategic partnership. The transaction is expected to close by the end of the calendar year. This partnership enables the Justin's® branded business, which includes category-leading products such as nut butters and USDA-certified organic chocolate treats, to once again become a standalone company, owned
Oversized and unforgettable – PLANTERS® limited-edition peanuts return for the nuttiest day of the year and holiday season ahead AUSTIN, Minn., Oct. 22, 2025 /PRNewswire/ -- Back by popular demand and available beginning today, Oct. 22, on National Nut Day, the PLANTERS® brand is reintroducing PLANTERS® Special Reserve peanuts. With their debut last holiday season, this limited-edition peanut is crafted for the refined palate of true peanut connoisseurs and arrives just in time for holiday gifting. Grown on a small acreage in Virginia's sun-soaked fields, PLANTERS® Special Res
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