• Packaged Foods
  • Consumer Defensive
Hormel Foods Corporation logo
Hormel Foods Corporation
HRL · US · NYSE
32.3491
USD
+0.5491
(1.70%)
Company Overview

1 HORMEL PL,AUSTIN MN 55912-3680,(507) 437-5611

CEO

Mr. James P. Snee

Employess

20000

Sector

Consumer Defensive

Industry

Packaged Foods

Website

https://www.hormelfoods.com

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, 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 provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, 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.

Next Earnings Date

Nov. 27, 2024

Ex Dividends date

Aug. 15, 2024

Dividend Date

July 15, 2024

YTD Performance

-1.55%

Fiscal Year End

10-31

IPO Date

1980-03-17

Growth Rates
(avg. rate of change) 10 years 5 years 3 years 1 year
Sales/Revenue 3.30% 4.87% 8.02% -2.80%
EPS 3.79% -5.36% -4.98% -21.20%
Equity 8.84% 6.67% 6.37% 2.64%
Cash 5.43% 9.91% -24.54% -25.00%
Return On Capital (ROIC) 13.30% 10.63% 8.62% 7.59%
Debt
year (millions) 2023 2022 2021 2020 2019
Short Term Debt 951 8.8 8.76 259 0.0
Long Term Debt 2,360 3,290 3,320 1,040 250
LT Finance Leases 137 91.7 101 95.8 0.0
Shares Outstanding 546 545 541 538 535
Market Cap 17,500 25,300 23,200 26,600 21,600
Price
Business Segments (Beta)
Geographical Segments (Beta)
News
3 Undervalued Stocks Poised for a Comeback in 2024
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Buy 10 Sustainable Dividend Dogs Of Barron's August 100
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Barron's seventh annual (2024) ranking of Sustainable companies started with the 1,000 largest publicly traded companies by market value, then ranked each by performance for five key constituencies: shareholders, employees, customers, community, and planet. Home-products company Clorox sits at the top for the second straight year, edging out Kimberly-Clark, CBRE Group, Hasbro, and Agilent Technologies in the top five. Per 8/8/24 data from YCharts, the top-10 of 77 dividend-paying sustainable companies ranged 4.34%-14.68% by annual yield and ranged 31.29%-79.66% by broker-estimated target-price upsides.

seekingalpha.com
53 August Dividend Kings: Buy 7, Watch 9 More
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seekingalpha.com
The Makers of the SPAM® Brand Unwrap Limited-Edition SPAM® Musubi Day Merch Collection Benefiting Maui
1 month

Proceeds from the limited-edition merchandise will be donated to Aloha United Way in support of restoration efforts of Maui one year after the Lahaina wildfires AUSTIN, Minn. , Aug. 8, 2024 /PRNewswire/ -- Today is National SPAM® Musubi Day, and the makers of the SPAM® brand have launched a limited-edition, Musubi-inspired merch collection to pay homage to the place that made SPAM® Musubi the globally beloved snack it is today.

prnewswire.com
In New Short Film, Hormel Foods Spotlights the World's Biggest Fans of MR. PEANUT®
1 month

The Peanut Pals' passion for the iconic MR. PEANUT® is simply unmatched  AUSTIN, Minn.

prnewswire.com
Hormel Foods Showcases Meaningful Progress in its 18th Annual Global Impact Report
1 month

The company continues to advance its environmental and social impact goals and commitments AUSTIN, Minn. , Aug. 7, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global-branded food company, today announced the release of its 18th Global Impact Report.

prnewswire.com
4 Dividend Aristocrats To Buy In August And More To Watch
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“Dividend Aristocrats

seekingalpha.com
Hormel Foods Corporation to Hold Third Quarter Earnings Conference Call
1 month

AUSTIN, Minn. , Aug. 5, 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; and Deanna Brady, executive vice president, Retail; to discuss the Company's third quarter financial results.

prnewswire.com
Makers of the HORMEL® BLACK LABEL® Brand Showcase Non-Breakfast Potential of Bacon With Latest Limited-Edition Flavor: Garlic Rosemary
2 months

HORMEL® BLACK LABEL® bacon brand team to consumers: Think beyond breakfast AUSTIN, Minn. , Aug. 1, 2024 /PRNewswire/ -- The makers of the HORMEL® BLACK LABEL® brand offer the widest selection of flavored bacon in the industry, and today, they are proud to announce the latest addition to their portfolio of tasty options.

prnewswire.com
My Best Dividend Aristocrats For August 2024
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The ProShares S&P 500 Dividend Aristocrats ETF slumps to end the first half of 2024, posting a loss of 1.40% in June. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 36 months of tracking these strategies, two strategies are outperforming NOBL, while 1 remains relatively close.

seekingalpha.com
Hormel Foods Announces 2024 Class of 10 Under 20 Food Heroes
2 months

Young changemakers from across the United States will soon travel to the company's global headquarters for a day of recognition and celebration AUSTIN, Minn. , July 30, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, is proud to announce its third cohort of 10 Under 20 Food Heroes.

prnewswire.com
The Makers of the PLANTERS® Brand Launch New Ad Campaign with Catchy 'Duo-licious' Tune
2 months

Nuts and snack brand partners with BBDO MW to unveil new campaign in support of PLANTERS® Nut Duos snack AUSTIN, Minn. , July 29, 2024 /PRNewswire/ -- To support of the launch of new PLANTERS® Nut Duos, the PLANTERS® brand is launching a new advertising campaign titled 'Duo-licious.

prnewswire.com