Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products. The company also provides turkey products; nutritional food products and supplements; dessert and drink mixes; and industrial gelatin products. It sells its products under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, etc. brand names through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
IPO Year:
Exchange: NYSE
Website: hormelfoods.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 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 |
Company Achieved Solid Top-Line Growth; Positioned for Strong Second Half Narrows Fiscal 2025 Net Sales and Earnings Outlook AUSTIN, Minn., May 29, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2025, which ended April 27, 2025. All comparisons are to the comparable period of fiscal 2024, unless otherwise noted. EXECUTIVE SUMMARY — FIRST HALF Net sales of $5.89 billion; organic net sales1 up 1%Operating income of $477 million; adjusted operating income1 of $519 millio
Award-winning internship program offers students from 50 colleges and universities three months of hands-on business experience AUSTIN, Minn., May 27, 2025 /PRNewswire/ -- It's more than an internship — it's a launchpad to a rewarding career. Typically, more than 70% of Hormel Foods interns become full-time team members at the company. Starting today, the company will welcome over 95 students from 50 colleges and universities across the country. "We're thrilled to welcome another class of bright interns who will bring fresh energy to our offices and production facilities nati
This nutty new creation is the ultimate bar snack, irresistible with a cold one on a hot day. AUSTIN, Minn., May 20, 2025 /PRNewswire/ -- This summer, the PLANTERS® brand and Miller High Life® will reunite to launch the limited-edition PLANTERS® x Miller High Life® Bar Nut Mix — a bold, savory snack best enjoyed with friends and paired with the Champagne of Beers. Inspired by classic bar snacks, sporting events and backyard hangouts that often bring these two brands together, the PLANTERS® x Miller High Life® Bar Nut Mix is a celebration of a partnership more than a century in
AUSTIN, Minn., May 19, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.00 cents ($0.29) a share on May 19, 2025, will be paid August 15, 2025, to stockholders of record at the close of business on July 14, 2025. The August 15 payment will be the 388th consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruptio
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
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
3 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
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)
3 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
10-Q - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
11-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
11-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
11-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
11-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
144 - HORMEL FOODS CORP /DE/ (0000048465) (Subject)
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
10-Q - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
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)
SC 13G/A - HORMEL FOODS CORP /DE/ (0000048465) (Subject)
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
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
JP Morgan upgraded Hormel Foods from Underweight to Neutral and set a new price target of $29.00 from $28.00 previously
Citigroup initiated coverage of Hormel Foods with a rating of Neutral and set a new price target of $31.00
Argus downgraded Hormel Foods from Buy to Hold
JP Morgan downgraded Hormel Foods from Neutral to Underweight and set a new price target of $38.00 from $47.00 previously
Goldman downgraded Hormel Foods from Neutral to Sell and set a new price target of $44.00
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.
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
Travel the country representing the PLANTERS® brand, and spread nutty fun at events nationwide in a paid, full-time role starting June 2025. AUSTIN, Minn., Jan. 7, 2025 /PRNewswire/ -- If you've ever dreamed of traveling the country in a 26-foot-long peanut – the makers of the PLANTERS® brand have a "shell" of a job for you! Applications are now being accepted to become a world-famous Peanutter. This year, the three available positions offer an exciting opportunity to join a promotional tour throughout the country featuring a competitive compensation and benefits package that
AUSTIN, Minn., Dec. 12, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that Mike Clausman has been appointed to the new role of vice president, deputy general counsel and assistant secretary. In this critical role, Clausman will oversee the legal support of the company's brand and business growth initiatives, commercial transactions, mergers and acquisitions and intellectual property. He will report to Colleen Batcheler, senior vice president external affairs & general counsel at Hormel Foods. "I look forwar
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
Company Names Chad Randick Successor AUSTIN, Minn., April 24, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that Jeff Grev, vice president of legislative affairs, will be retiring after a 40-year career with the company. Chad Randick, director of strategy and current lead of the company's transformation and modernization initiative, will succeed Grev as vice president of legislative affairs. "I want to thank Jeff for his four decades of extraordinary service to our company. I'm grateful for his leadership,
Company Achieved Solid Top-Line Growth; Positioned for Strong Second Half Narrows Fiscal 2025 Net Sales and Earnings Outlook AUSTIN, Minn., May 29, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2025, which ended April 27, 2025. All comparisons are to the comparable period of fiscal 2024, unless otherwise noted. EXECUTIVE SUMMARY — FIRST HALF Net sales of $5.89 billion; organic net sales1 up 1%Operating income of $477 million; adjusted operating income1 of $519 millio
Award-winning internship program offers students from 50 colleges and universities three months of hands-on business experience AUSTIN, Minn., May 27, 2025 /PRNewswire/ -- It's more than an internship — it's a launchpad to a rewarding career. Typically, more than 70% of Hormel Foods interns become full-time team members at the company. Starting today, the company will welcome over 95 students from 50 colleges and universities across the country. "We're thrilled to welcome another class of bright interns who will bring fresh energy to our offices and production facilities nati
This nutty new creation is the ultimate bar snack, irresistible with a cold one on a hot day. AUSTIN, Minn., May 20, 2025 /PRNewswire/ -- This summer, the PLANTERS® brand and Miller High Life® will reunite to launch the limited-edition PLANTERS® x Miller High Life® Bar Nut Mix — a bold, savory snack best enjoyed with friends and paired with the Champagne of Beers. Inspired by classic bar snacks, sporting events and backyard hangouts that often bring these two brands together, the PLANTERS® x Miller High Life® Bar Nut Mix is a celebration of a partnership more than a century in
AUSTIN, Minn., May 19, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.00 cents ($0.29) a share on May 19, 2025, will be paid August 15, 2025, to stockholders of record at the close of business on July 14, 2025. The August 15 payment will be the 388th consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruptio
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).
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
With the popularity of convenient meal solutions on the rise, the HORMEL® SQUARE TABLE® brand team expands protein-rich portfolio with Tuscan Style and Maple Bourbon Chicken varieties AUSTIN, Minn., April 29, 2025 /PRNewswire/ -- Heat-and-eat meal solutions continue to gain traction among today's consumers, as more people seek hassle-free, easy-to-prepare options that deliver on taste and quality. This is no secret to the makers of the HORMEL® SQUARE TABLE® brand, who are tapping into that demand with the launch of two new chicken varieties: HORMEL® SQUARE TABLE® Tuscan Style Chicken and HORMEL® SQUARE TABLE® Maple Bourbon Chicken.
HERDEZ® Al Pastor Seasoned Shredded Pork with Sauce offers a delicious blend of bold spices ORANGE, Calif., April 24, 2025 /PRNewswire/ -- The makers of the HERDEZ® brand are expanding their HERDEZ® Mexican Refrigerated Entrées line with the addition of a classic pork dish celebrated for its bold, savory flavor: Al Pastor. The all-new HERDEZ® Al Pastor Seasoned Shredded Pork with Sauce, featuring tender, seasoned shredded pork simmered in a rich, flavorful sauce, brings delectable notes to every bite — with limited prep required. This new variety includes tender shredded pork,