Stephens resumed coverage on Hormel Foods with a new price target
$HRL
Meat/Poultry/Fish
Consumer Staples
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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| 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 |
Baker will assume the role at the end of the fiscal year following the planned retirement of Scott Aakre AUSTIN, Minn., May 16, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced that Jeff Baker, group vice president of Retail marketing for Value-Added Meats, will assume the role of group vice president for Retail marketing at the end of the company's fiscal 2025. Following the retirement of Scott Aakre, group vice president and chief marketing officer for Retail, Baker will oversee the evolution of the company's brand portfolio to meet changing consumer preferences, amplify its presence in snacking and entertaining, and drive growt
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.
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
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.
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
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
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
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)
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
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8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
Baker will assume the role at the end of the fiscal year following the planned retirement of Scott Aakre AUSTIN, Minn., May 16, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced that Jeff Baker, group vice president of Retail marketing for Value-Added Meats, will assume the role of group vice president for Retail marketing at the end of the company's fiscal 2025. Following the retirement of Scott Aakre, group vice president and chief marketing officer for Retail, Baker will oversee the evolution of the company's brand portfolio to meet changing consumer preferences, amplify its presence in snacking and entertaining, and drive growt
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).