Hormel Foods upgraded by BofA Securities with a new price target
$HRL
Meat/Poultry/Fish
Consumer Staples
BofA Securities upgraded Hormel Foods from Underperform to Neutral and set a new price target of $35.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 | |
| 3/3/2023 | $47.00 → $38.00 | Neutral → Underweight | JP Morgan |
In an exciting twist, the makers of the CORN NUTS® brand introduce all-new PartiallyPopped Corn Kernel varieties, set to redefine snacking with irresistible crunch andcraveable flavors AUSTIN, Minn., May 7, 2025 /PRNewswire/ -- Get ready for a new kind of crunch! For the first time in their storied history, the makers of the CORN NUTS® brand are venturing beyond the traditional corn kernel, proudly introducing the all-new CORN NUTS® Partially Popped corn kernel flavors. Crafted to deliver craveable taste and inviting texture, this enticing new product marries the airy lightness of popcorn with the legendary crunch of CORN NUTS® corn kernels.
AUSTIN, Minn., May 6, 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 second quarter financial results. The Company will issue its earnings release before the markets open on Thursday, May 29, 2025, and will host a conference call at 8 a.m. CT (9 a.m. ET).
First-time film collaboration celebrates upcoming film with exclusive collectibles and playful new TV ad AUSTIN, Minn., April 30, 2025 /PRNewswire/ -- Just as Stitch found his perfect home in Hawai'i, the SPAM® brand has found the perfect collaboration with Disney's upcoming live-action "Lilo & Stitch" movie releasing only in theaters May 23. Now on shelves, fans can collect three Hawaiian-inspired limited-edition SPAM® brand cans featuring artwork from the beloved movie. The collectible cans contain the same classic SPAM® product that has been a staple in Hawaiian cuisine for generations. Available at major retailers nationwide, these island treasures are expected to sell quickly — collect
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
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Justin's new Dark and Milk Chocolate Candy Bars will hit store shelves nationally this summer atSprouts Farmers Market and Whole Foods Market and will be on display for other retailers to discovernext week at Sweets & Snacks Expo BEDMINSTER, N.J., May 8, 2025 /PRNewswire/ -- Justin's, a category leader known for crafting delicious, real-food products that contribute to the world in a positive and meaningful way, today is celebrating its newest confections innovation – Justin's® Peanut Caramel Nougat Chocolate Candy Bars – offering consumers a nostalgic, organic chocolate treat made with simple ingredients. The candy bars are USDA-certified organic and Non-GMO Project Verified, and will be av
In an exciting twist, the makers of the CORN NUTS® brand introduce all-new PartiallyPopped Corn Kernel varieties, set to redefine snacking with irresistible crunch andcraveable flavors AUSTIN, Minn., May 7, 2025 /PRNewswire/ -- Get ready for a new kind of crunch! For the first time in their storied history, the makers of the CORN NUTS® brand are venturing beyond the traditional corn kernel, proudly introducing the all-new CORN NUTS® Partially Popped corn kernel flavors. Crafted to deliver craveable taste and inviting texture, this enticing new product marries the airy lightness of popcorn with the legendary crunch of CORN NUTS® corn kernels.
AUSTIN, Minn., May 6, 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 second quarter financial results. The Company will issue its earnings release before the markets open on Thursday, May 29, 2025, and will host a conference call at 8 a.m. CT (9 a.m. ET).
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
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