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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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
Spicy flavors, regional varieties and homestyle ingredients are increasingly popular as pizza enthusiasts seek novelty, nostalgia AUSTIN, Minn., March 27, 2025 /PRNewswire/ -- Straight from the sizzling scene of the 2025 International Pizza Expo in Las Vegas, Hormel Foods — maker of the best-selling retail pepperoni in the United States and a market leader in foodservice pizza toppings — is dishing out its freshest take on the pizza industry's hottest trends. Logan Kumm and Daniel Moore, both Foodservice brand managers at Hormel Foods, have years of combined expertise in the p
AUSTIN, Minn., March 24, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.00 cents ($0.2900) a share on March 24, 2025, will be paid May 15, 2025, to stockholders of record at the close of business on April 14, 2025. The May 15 payment will be the 387th consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interrupt
AUSTIN, Minn., March 18, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced leadership advancements for its Retail business segment. Scott Weisenbeck has been promoted to vice president of marketing – Retail. Scott has been instrumental in driving growth and innovation in the bacon category and will take on an expanded role, bringing his expertise to a broader portfolio of brands.Joe O'Connor has been promoted to vice president of Emerging Brands – Retail. Joe's deep understanding of the premium consumer base, g
AUSTIN, Minn., March 10, 2025 /PRNewswire/ -- In a captivating new chapter, MR. PEANUT® and the world-famous PLANTERS® NUTmobile are making their movie debut in Netflix's highly anticipated new film, The Electric State. Directed by AGBOs The Russo Brothers and starring Millie Bobby Brown and Chris Pratt, The Electric State is set in the aftermath of a robot uprising in an alternate version of the '90s and follows an orphaned teenager who ventures across the American West with a cartoon-inspired robot, a smuggler, and his sidekick in search of her younger brother. Along the way, she encounters a robot companion, played by MR. PEANUT® and voiced by Woody Harrelson
Celebrating their new partnership with the SKIPPY® brand, Genius Gourmet® unveils SKIPPY® Inspired Protein Nut Rolls at Expo West 2025 Genius Gourmet®, the fast-growing creator of "Deliciously Smart Protein Snacks®", today announced at Expo West, America's leading trade show in the natural, organic and lifestyle industry, a partnership with the makers of SKIPPY® peanut butter. They also launched their first protein bar bringing the flavor inspiration of SKIPPY® brand's iconic peanut butter: the Genius Gourmet® SKIPPY® Inspired Protein Nut Roll with 0 grams of added sugar. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2025030559
The Foodservice division at Hormel Foods is 'taking heat somewhere sweet' with the launch of its latest trend-forward topping, which debuts at International Pizza Expo later this month AUSTIN, Minn., March 5, 2025 /PRNewswire/ -- Hot honey has long been a relevant talking point for pizzaiolos, as more and more pizza establishments are incorporating hot honey into their menus and offerings. Hormel Foods, a known innovator in the pizza space, naturally took notice of this increasingly "hot" trend, and the company's Foodservice team took it from there with the development of FONTANINI® Hot Honey Sliced Sausage, which debuts later this month at the International Pizza Expo in Las Vegas.
Strength of Value-Added Portfolio Results in Solid Top-Line Performance Company Reaffirms Fiscal 2025 Net Sales and Adjusted Diluted Earnings Per Share Expectations AUSTIN, Minn., Feb. 27, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today reported results for the first quarter of fiscal 2025, which ended January 26, 2025. All comparisons are to the comparable period of fiscal 2024, unless otherwise noted. EXECUTIVE SUMMARY — FIRST QUARTER Net sales of $2.99 billion; organic net sales1 up 1%Operating income of $228 milli
Jalapeño pepperoni and spicy salami are bringing the heat in the all-new HORMEL GATHERINGS® Bold and Spicy Tray AUSTIN, Minn., Feb. 6, 2025 /PRNewswire/ -- The makers of the HORMEL GATHERINGS® brand are turning up the heat with the launch of their latest innovation – the HORMEL GATHERINGS® Bold and Spicy Tray. This exciting new snack-tray combination offers bold, spicy flavors and high-quality ingredients to create the ultimate snacking experience. The stars of the HORMEL GATHERINGS® Bold and Spicy Tray are the jalapeño pepperoni and spicy salami, a fiery, flavor-packed twist on classic favorites that are sure to satisfy spice lovers and snack enthusiasts alike.
The first come first serve kits feature the brand's first-ever heart-shaped pepperonis and everything you need to satisfy a romantic's taste for love AUSTIN, Minn., Feb. 4, 2025 /PRNewswire/ -- Roses are red, and pepperonis are too; this Valentine's Day, the makers of HORMEL® Pepperoni are bringing dinner to you. For the first time ever, the makers of HORMEL® Pepperoni are releasing limited edition Heart-to-Heart kits, the ultimate at-home Valentine's Day pizza kit with every ingredient needed to celebrate accordingly, featuring limited-edition heart shaped pepperoni. Enjoying
AUSTIN, Minn., Feb. 4, 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 Jim Snee, president and chief executive officer; Jacinth Smiley, executive vice president and chief financial officer; and John Ghingo, executive vice president, Retail; to discuss the Company's first quarter financial results. The Company will issue its earnings release before the markets open on Thursday, February 27, 2025, and will host a conference call at 8:30 a.m. CT (9:30 a.m. ET).
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,
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
Spicy flavors, regional varieties and homestyle ingredients are increasingly popular as pizza enthusiasts seek novelty, nostalgia AUSTIN, Minn., March 27, 2025 /PRNewswire/ -- Straight from the sizzling scene of the 2025 International Pizza Expo in Las Vegas, Hormel Foods — maker of the best-selling retail pepperoni in the United States and a market leader in foodservice pizza toppings — is dishing out its freshest take on the pizza industry's hottest trends. Logan Kumm and Daniel Moore, both Foodservice brand managers at Hormel Foods, have years of combined expertise in the p
AUSTIN, Minn., March 24, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.00 cents ($0.2900) a share on March 24, 2025, will be paid May 15, 2025, to stockholders of record at the close of business on April 14, 2025. The May 15 payment will be the 387th consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interrupt
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., March 18, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced leadership advancements for its Retail business segment. Scott Weisenbeck has been promoted to vice president of marketing – Retail. Scott has been instrumental in driving growth and innovation in the bacon category and will take on an expanded role, bringing his expertise to a broader portfolio of brands.Joe O'Connor has been promoted to vice president of Emerging Brands – Retail. Joe's deep understanding of the premium consumer base, g
AUSTIN, Minn., March 10, 2025 /PRNewswire/ -- In a captivating new chapter, MR. PEANUT® and the world-famous PLANTERS® NUTmobile are making their movie debut in Netflix's highly anticipated new film, The Electric State. Directed by AGBOs The Russo Brothers and starring Millie Bobby Brown and Chris Pratt, The Electric State is set in the aftermath of a robot uprising in an alternate version of the '90s and follows an orphaned teenager who ventures across the American West with a cartoon-inspired robot, a smuggler, and his sidekick in search of her younger brother. Along the way, she encounters a robot companion, played by MR. PEANUT® and voiced by Woody Harrelson
Celebrating their new partnership with the SKIPPY® brand, Genius Gourmet® unveils SKIPPY® Inspired Protein Nut Rolls at Expo West 2025 Genius Gourmet®, the fast-growing creator of "Deliciously Smart Protein Snacks®", today announced at Expo West, America's leading trade show in the natural, organic and lifestyle industry, a partnership with the makers of SKIPPY® peanut butter. They also launched their first protein bar bringing the flavor inspiration of SKIPPY® brand's iconic peanut butter: the Genius Gourmet® SKIPPY® Inspired Protein Nut Roll with 0 grams of added sugar. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2025030559
The Foodservice division at Hormel Foods is 'taking heat somewhere sweet' with the launch of its latest trend-forward topping, which debuts at International Pizza Expo later this month AUSTIN, Minn., March 5, 2025 /PRNewswire/ -- Hot honey has long been a relevant talking point for pizzaiolos, as more and more pizza establishments are incorporating hot honey into their menus and offerings. Hormel Foods, a known innovator in the pizza space, naturally took notice of this increasingly "hot" trend, and the company's Foodservice team took it from there with the development of FONTANINI® Hot Honey Sliced Sausage, which debuts later this month at the International Pizza Expo in Las Vegas.
Justin's is thrilled to also announce expansion into the frozen category this summer through a licensing partnership with Rudi's Rocky Mountain Bakery to rollout Rudi's Sandos made with Justin's® Peanut Butter BOULDER, Colo., March 3, 2025 /PRNewswire/ -- Justin's, a category leader known for spreading goodness with delicious nut butters and USDA-certified organic chocolate treats, today announced it is expanding its nutty lineup with a one-of-a-kind crunch never before offered by the brand. Hitting store shelves nationally starting in April, Justin's® Classic Crunchy Peanut Butter answers the demands of peanut butter shoppers looking for a delightful crunch and mindfully-sourced ingredients
Strength of Value-Added Portfolio Results in Solid Top-Line Performance Company Reaffirms Fiscal 2025 Net Sales and Adjusted Diluted Earnings Per Share Expectations AUSTIN, Minn., Feb. 27, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today reported results for the first quarter of fiscal 2025, which ended January 26, 2025. All comparisons are to the comparable period of fiscal 2024, unless otherwise noted. EXECUTIVE SUMMARY — FIRST QUARTER Net sales of $2.99 billion; organic net sales1 up 1%Operating income of $228 milli
Jalapeño pepperoni and spicy salami are bringing the heat in the all-new HORMEL GATHERINGS® Bold and Spicy Tray AUSTIN, Minn., Feb. 6, 2025 /PRNewswire/ -- The makers of the HORMEL GATHERINGS® brand are turning up the heat with the launch of their latest innovation – the HORMEL GATHERINGS® Bold and Spicy Tray. This exciting new snack-tray combination offers bold, spicy flavors and high-quality ingredients to create the ultimate snacking experience. The stars of the HORMEL GATHERINGS® Bold and Spicy Tray are the jalapeño pepperoni and spicy salami, a fiery, flavor-packed twist on classic favorites that are sure to satisfy spice lovers and snack enthusiasts alike.