Argus downgraded Hormel Foods from Buy to Hold
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| Date | Price Target | Rating | 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 |
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
10-Q - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
11-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
New uncured pepperoni developed in response to consumer demand for premium, versatile deli meats AUSTIN, Minn. , July 1, 2025 /PRNewswire/ -- COLUMBUS® Craft Meats, a leading brand in premium salumi, has launched its first standalone pepperoni deli product: COLUMBUS® Uncured Pepperoni. A brand rooted in Italian American tradition, the COLUMBUS ® brand recognized an opportunity to bring bold, elevated pepperoni to the deli, crafted for consumers craving premium flavor and versatility. "The deli pepperoni category has seen significant growth, with $108 million in retail sales an
Ghingo will join Hormel Foods' board of directorsEttinger's role to conclude after 15 months AUSTIN, Minn., June 23, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that John Ghingo will be promoted to the role of president, becoming the 11th person to hold the position in the company's nearly 135-year history. Jeffrey M. Ettinger, current member of the Hormel Foods board, will return to the company for a defined period of 15 months as interim chief executive officer. Ettinger and Ghingo will assume their leadership roles on July 14, 2025. On that day, Ghingo will also join the Hormel Foods board of directors.
State-of-the-art NUTmobile is hitting the road with fresh trio of Peanutters at the helm AUSTIN, Minn., June 18, 2025 /PRNewswire/ -- The PLANTERS® brand team is celebrating 90 years of NUTmobile novelty with a freshly shelled trio of nutty navigators — and a bold new build. This summer marks the 90th anniversary of the beloved NUTmobile program, and the PLANTERS® brand is celebrating in style, unveiling the latest evolution of its iconic ride — complete with quirky updates like a peanut door handle, a neon-lit selfie station, and a 360-degree exterior cam. The new vessel has
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
New uncured pepperoni developed in response to consumer demand for premium, versatile deli meats AUSTIN, Minn. , July 1, 2025 /PRNewswire/ -- COLUMBUS® Craft Meats, a leading brand in premium salumi, has launched its first standalone pepperoni deli product: COLUMBUS® Uncured Pepperoni. A brand rooted in Italian American tradition, the COLUMBUS ® brand recognized an opportunity to bring bold, elevated pepperoni to the deli, crafted for consumers craving premium flavor and versatility. "The deli pepperoni category has seen significant growth, with $108 million in retail sales an
Ghingo will join Hormel Foods' board of directorsEttinger's role to conclude after 15 months AUSTIN, Minn., June 23, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that John Ghingo will be promoted to the role of president, becoming the 11th person to hold the position in the company's nearly 135-year history. Jeffrey M. Ettinger, current member of the Hormel Foods board, will return to the company for a defined period of 15 months as interim chief executive officer. Ettinger and Ghingo will assume their leadership roles on July 14, 2025. On that day, Ghingo will also join the Hormel Foods board of directors.
State-of-the-art NUTmobile is hitting the road with fresh trio of Peanutters at the helm AUSTIN, Minn., June 18, 2025 /PRNewswire/ -- The PLANTERS® brand team is celebrating 90 years of NUTmobile novelty with a freshly shelled trio of nutty navigators — and a bold new build. This summer marks the 90th anniversary of the beloved NUTmobile program, and the PLANTERS® brand is celebrating in style, unveiling the latest evolution of its iconic ride — complete with quirky updates like a peanut door handle, a neon-lit selfie station, and a 360-degree exterior cam. The new vessel has
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)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
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
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.