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 |
|---|---|---|---|
| 6/23/2025 | $35.00 | Buy | Goldman |
| 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 |
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Goldman initiated coverage of Hormel Foods with a rating of Buy and set a new price target of $35.00
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
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
8-K - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
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)
Fastest customizable press release news feed in the world
Four-stop tour includes giveaway, fun events and product donations to combat on-campus food insecurity AUSTIN, Minn., Aug. 13, 2025 /PRNewswire/ -- The SKIPPY® brand is hitting the road with the SKIPPY® Crushin' It tour; an initiative designed to celebrate and support students and student-athletes as they head back to school. The tour includes high-energy campus events; a peanut butter giveaway and product donations aimed at addressing food insecurity — a persistent problem on college campuses nationwide. "The SKIPPY® Crushin' It tour is meant to celebrate the grind that goes
Two all-new taste experiences reimagine how fans enjoy their favorite pepperoni AUSTIN, Minn., Aug. 12, 2025 /PRNewswire/ -- As consumers continue to seek out bold, adventurous flavors and new ways to elevate everyday eating occasions, the makers of HORMEL® Pepperoni are answering the call with two exciting new additions to its category-defining lineup: HORMEL® Pepperoni with Jalapeño and HORMEL® Pepperoni Dill Pickle Flavored. These bold new flavors are made for today's food lovers — those who crave a little extra excitement in every bite. With nearly half of U.S. consumers a
AUSTIN, Minn., Aug. 4, 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 Jeff Ettinger, interim chief executive officer; John Ghingo, president; and Jacinth Smiley, executive vice president and chief financial officer; to discuss the Company's third quarter financial results. The Company will issue its earnings release before the markets open on Thursday, August 28, 2025, and will host a conference call at 8 a.m. CT (9 a.m. ET). The webcast, replay
Catch the SPAM® Musubi Mobile at select Southern California Ralphs locations around National SPAM® Musubi Day for free samples, merch and more AUSTIN, Minn., Aug. 4, 2025 /PRNewswire/ -- The SPAM® brand, in collaboration with Kroger, is turning heads this summer — and they're doing it in style. Earlier this year, SPAM® sushi products rolled out nationwide at Kroger's Family Stores, including Ralphs Grocery Company, and now they're hitting the road to celebrate in true SPAM® brand style! Introducing the first-ever SPAM® Musubi Mobile: a larger-than-life food truck shaped like a SPAM® Musubi that's nearly seven feet tall — an unmistakable site for fans and musubi lovers alike.
The collectible cans will be available exclusively at Walmart while supplies last! AUSTIN, Minn., July 29, 2025 /PRNewswire/ -- Would you eat them here or there? Would you eat them anywhere? The SPAM® brand and Dr. Seuss Enterprises are inviting fans to consider these timeless questions with the launch of their limited-edition Green Eggs & SPAM® Classic Twin Pack, available exclusively at select Walmart stores nationwide. This playful collaboration brings together two beloved icons in a deliciously nostalgic mash-up that's as fun to display as it is to enjoy in your favorite recipes.
Paul Peil promoted to the role of Vice President of Marketing for Fresh and Ready MeatsChristie Crouch joins company as Vice President of Marketing for Snacking and Entertaining AUSTIN, Minn., July 23, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced two leadership appointments in its Retail business segment. Paul Peil, a 35-year veteran with the company, has been promoted to the role of vice president of marketing for Fresh and Ready Meats. Christie Crouch, a seasoned marketing executive with a strong track record in the food industry, joins the company as vice president of marketing for Snacking and Entertaining.
Program Spotlights and Supports Young Leaders Addressing Food Insecurity and Driving Sustainable Food Solutions AUSTIN, Minn., July 15, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, is now accepting nominations for the 2025 class of 10 Under 20 Food Heroes. The impact-driven program, now in its fourth year, recognizes the efforts of young people across the United States who are contributing to a more sustainable food system — a system that produces and shares food in ways that uplift people and communities while nurturing the planet.
Selling Power recognizes the company's culture of success and dynamic team of sales professionals AUSTIN, Minn., July 14, 2025 /PRNewswire/ -- For the 24th time, Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, has made the Selling Power magazine's 60 Best Companies to Sell For 2025 list. The list recognizes 60 of the most deserving sales organizations in the United States. "Being named one of the top companies to sell for in the nation is a tremendous honor," said PJ Connor, group vice president of Retail Sales at Hormel Foods. "Once again, thi
New uncured pepperoni developed in response to consumer demand for premium, versatile deli meats AUSTIN, Minn. , July 1, 2025 /PRNewswire/ -- COLUMBUS® Craft Meats, a leading brand in premium salumi, has launched its first standalone pepperoni deli product: COLUMBUS® Uncured Pepperoni. A brand rooted in Italian American tradition, the COLUMBUS ® brand recognized an opportunity to bring bold, elevated pepperoni to the deli, crafted for consumers craving premium flavor and versatility. "The deli pepperoni category has seen significant growth, with $108 million in retail sales an
Ghingo will join Hormel Foods' board of directorsEttinger's role to conclude after 15 months AUSTIN, Minn., June 23, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that John Ghingo will be promoted to the role of president, becoming the 11th person to hold the position in the company's nearly 135-year history. Jeffrey M. Ettinger, current member of the Hormel Foods board, will return to the company for a defined period of 15 months as interim chief executive officer. Ettinger and Ghingo will assume their leadership roles on July 14, 2025. On that day, Ghingo will also join the Hormel Foods board of directors.
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
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)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
3 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
4 - HORMEL FOODS CORP /DE/ (0000048465) (Issuer)
Live Leadership Updates
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,
This live feed shows all institutional transactions in real time.
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)
Live finance-specific insights
Four-stop tour includes giveaway, fun events and product donations to combat on-campus food insecurity AUSTIN, Minn., Aug. 13, 2025 /PRNewswire/ -- The SKIPPY® brand is hitting the road with the SKIPPY® Crushin' It tour; an initiative designed to celebrate and support students and student-athletes as they head back to school. The tour includes high-energy campus events; a peanut butter giveaway and product donations aimed at addressing food insecurity — a persistent problem on college campuses nationwide. "The SKIPPY® Crushin' It tour is meant to celebrate the grind that goes
Two all-new taste experiences reimagine how fans enjoy their favorite pepperoni AUSTIN, Minn., Aug. 12, 2025 /PRNewswire/ -- As consumers continue to seek out bold, adventurous flavors and new ways to elevate everyday eating occasions, the makers of HORMEL® Pepperoni are answering the call with two exciting new additions to its category-defining lineup: HORMEL® Pepperoni with Jalapeño and HORMEL® Pepperoni Dill Pickle Flavored. These bold new flavors are made for today's food lovers — those who crave a little extra excitement in every bite. With nearly half of U.S. consumers a
AUSTIN, Minn., Aug. 4, 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 Jeff Ettinger, interim chief executive officer; John Ghingo, president; and Jacinth Smiley, executive vice president and chief financial officer; to discuss the Company's third quarter financial results. The Company will issue its earnings release before the markets open on Thursday, August 28, 2025, and will host a conference call at 8 a.m. CT (9 a.m. ET). The webcast, replay
Catch the SPAM® Musubi Mobile at select Southern California Ralphs locations around National SPAM® Musubi Day for free samples, merch and more AUSTIN, Minn., Aug. 4, 2025 /PRNewswire/ -- The SPAM® brand, in collaboration with Kroger, is turning heads this summer — and they're doing it in style. Earlier this year, SPAM® sushi products rolled out nationwide at Kroger's Family Stores, including Ralphs Grocery Company, and now they're hitting the road to celebrate in true SPAM® brand style! Introducing the first-ever SPAM® Musubi Mobile: a larger-than-life food truck shaped like a SPAM® Musubi that's nearly seven feet tall — an unmistakable site for fans and musubi lovers alike.
The collectible cans will be available exclusively at Walmart while supplies last! AUSTIN, Minn., July 29, 2025 /PRNewswire/ -- Would you eat them here or there? Would you eat them anywhere? The SPAM® brand and Dr. Seuss Enterprises are inviting fans to consider these timeless questions with the launch of their limited-edition Green Eggs & SPAM® Classic Twin Pack, available exclusively at select Walmart stores nationwide. This playful collaboration brings together two beloved icons in a deliciously nostalgic mash-up that's as fun to display as it is to enjoy in your favorite recipes.
Paul Peil promoted to the role of Vice President of Marketing for Fresh and Ready MeatsChristie Crouch joins company as Vice President of Marketing for Snacking and Entertaining AUSTIN, Minn., July 23, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced two leadership appointments in its Retail business segment. Paul Peil, a 35-year veteran with the company, has been promoted to the role of vice president of marketing for Fresh and Ready Meats. Christie Crouch, a seasoned marketing executive with a strong track record in the food industry, joins the company as vice president of marketing for Snacking and Entertaining.
Program Spotlights and Supports Young Leaders Addressing Food Insecurity and Driving Sustainable Food Solutions AUSTIN, Minn., July 15, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, is now accepting nominations for the 2025 class of 10 Under 20 Food Heroes. The impact-driven program, now in its fourth year, recognizes the efforts of young people across the United States who are contributing to a more sustainable food system — a system that produces and shares food in ways that uplift people and communities while nurturing the planet.
Selling Power recognizes the company's culture of success and dynamic team of sales professionals AUSTIN, Minn., July 14, 2025 /PRNewswire/ -- For the 24th time, Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, has made the Selling Power magazine's 60 Best Companies to Sell For 2025 list. The list recognizes 60 of the most deserving sales organizations in the United States. "Being named one of the top companies to sell for in the nation is a tremendous honor," said PJ Connor, group vice president of Retail Sales at Hormel Foods. "Once again, thi
New uncured pepperoni developed in response to consumer demand for premium, versatile deli meats AUSTIN, Minn. , July 1, 2025 /PRNewswire/ -- COLUMBUS® Craft Meats, a leading brand in premium salumi, has launched its first standalone pepperoni deli product: COLUMBUS® Uncured Pepperoni. A brand rooted in Italian American tradition, the COLUMBUS ® brand recognized an opportunity to bring bold, elevated pepperoni to the deli, crafted for consumers craving premium flavor and versatility. "The deli pepperoni category has seen significant growth, with $108 million in retail sales an
Ghingo will join Hormel Foods' board of directorsEttinger's role to conclude after 15 months AUSTIN, Minn., June 23, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that John Ghingo will be promoted to the role of president, becoming the 11th person to hold the position in the company's nearly 135-year history. Jeffrey M. Ettinger, current member of the Hormel Foods board, will return to the company for a defined period of 15 months as interim chief executive officer. Ettinger and Ghingo will assume their leadership roles on July 14, 2025. On that day, Ghingo will also join the Hormel Foods board of directors.