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| 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 |
Hormel Foods's (NYSE:HRL) short percent of float has risen 7.1% since its last report. The company recently reported that it has 9.11 million shares sold short, which is 1.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.93 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Hormel Foods Corp (NYSE:HRL) reported mixed financial results for its second quarter last week. On May 30, the Austin, Minnesota-based company said second-quarter fiscal 2024 sales declined 3% year-over-year to $2.887 billion, missing the consensus of $2.967 billion. Adjusted EPS was 38 cents, down from 40 cents YoY and above the consensus of 36 cents, according to data from Benzinga Pro. Hormel revised its adjusted EPS expectation to $1.55 – $1.65 from $1.51 – $1.65, versus consensus of $1.58. On May 31, JPMorgan analyst Thomas Palmer upgraded Hormel Foods from Underweight to Neutral and raised the price target from $28 to $29. With the recent buzz around Hormel Foods, some inve
These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio? MongoDB, Inc. (NASDAQ:MDB) shares tumbled 31.63% after the company issued weak Q2 and FY25 guidance. Analysts slashed the price target on the stock. Nutanix, Inc. (NASDAQ:NTNX) shares tumbled 22.56% following Q3 FY24 results. Several analysts boost their forecasts on the stock. DraftKings Inc. (NASDAQ:DKNG) shares decreased 14.82% after the Illinois Senate approved a 2025 budget that includes a sports betting tax hike. Salesforce, Inc. (NYSE:CRM) shares plummeted 13.94% after the company issued weak guidance for the second quarter. Several analysts slashed their price targets. S
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
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
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
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
10-Q - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
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)
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
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
3 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)