Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
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
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
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4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
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SC 13G/A - HORMEL FOODS CORP /DE/ (0000048465) (Subject)
SC 13G/A - HORMEL FOODS CORP /DE/ (0000048465) (Subject)
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
Back by popular demand and available for a limited time, the makers of HORMEL® chili announce the return of the brand's hottest-ever chili variety AUSTIN, Minn., Oct. 3, 2024 /PRNewswire/ -- As temperatures begin to drop, the makers of HORMEL® Chili, America's No. 1 selling chili brand*, are once again heating up with the return of the limited-edition HORMEL® Ghost Reaper World's Hottest Chili with Beans. This fiery, seasonal-favorite combines classic chili with beans infused with two of the world's hottest peppers — ghost and Carolina — delivering an intensely satisfying experience unlike any other.
Company releases two new Charcuterie Trios, Craft Nuts and Tasting Board; reintroduces fan-favorite Secchi Salami at various retailers nationwide AUSTIN, Minn., Oct. 1, 2024 /PRNewswire/ -- The makers of COLUMBUS® Craft Meats have unveiled seven new products to elevate holiday entertaining and provide irresistible snacking options. From two new varieties of the popular COLUMBUS® Charcuterie Trios to a new version of the best-selling COLUMBUS® Charcuterie Tasting Board, this product lineup delivers a mix of category favorites in fresh formats, as well as new items to explore, such as COLUMBUSTM Craft Nuts. In addition, the brand is reintroducing COLUMBUS® Secchi Salame, a fan-favorite in the
A first-of-its-kind convenience product, patent-pending OVEN READY™ Thick Cut Bacon allows for effortless bacon preparation AUSTIN, Minn., Sept. 26, 2024 /PRNewswire/ -- The makers of HORMEL® BLACK LABEL® Bacon are committed to pushing the boundaries of bacon innovation, and today, the brand is once again revolutionizing the category with the launch of its latest patent-pending product: HORMEL® BLACK LABEL® OVEN READY™ Thick Cut Bacon with Oven Safe Tray. This first-of-its-kind product brings the convenience of fully cooked bacon while offering a mess-free, easy-to-prepare option for bacon lovers everywhere.
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
10-Q - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
Back by popular demand and available for a limited time, the makers of HORMEL® chili announce the return of the brand's hottest-ever chili variety AUSTIN, Minn., Oct. 3, 2024 /PRNewswire/ -- As temperatures begin to drop, the makers of HORMEL® Chili, America's No. 1 selling chili brand*, are once again heating up with the return of the limited-edition HORMEL® Ghost Reaper World's Hottest Chili with Beans. This fiery, seasonal-favorite combines classic chili with beans infused with two of the world's hottest peppers — ghost and Carolina — delivering an intensely satisfying experience unlike any other.
Company releases two new Charcuterie Trios, Craft Nuts and Tasting Board; reintroduces fan-favorite Secchi Salami at various retailers nationwide AUSTIN, Minn., Oct. 1, 2024 /PRNewswire/ -- The makers of COLUMBUS® Craft Meats have unveiled seven new products to elevate holiday entertaining and provide irresistible snacking options. From two new varieties of the popular COLUMBUS® Charcuterie Trios to a new version of the best-selling COLUMBUS® Charcuterie Tasting Board, this product lineup delivers a mix of category favorites in fresh formats, as well as new items to explore, such as COLUMBUSTM Craft Nuts. In addition, the brand is reintroducing COLUMBUS® Secchi Salame, a fan-favorite in the
A first-of-its-kind convenience product, patent-pending OVEN READY™ Thick Cut Bacon allows for effortless bacon preparation AUSTIN, Minn., Sept. 26, 2024 /PRNewswire/ -- The makers of HORMEL® BLACK LABEL® Bacon are committed to pushing the boundaries of bacon innovation, and today, the brand is once again revolutionizing the category with the launch of its latest patent-pending product: HORMEL® BLACK LABEL® OVEN READY™ Thick Cut Bacon with Oven Safe Tray. This first-of-its-kind product brings the convenience of fully cooked bacon while offering a mess-free, easy-to-prepare option for bacon lovers everywhere.
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)