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Hormel Foods Corporation  (HRL)
Other Ticker:  
 
 
Price: $31.7150 $0.21 0.651%
Day's High: $31.86 Week Perf: -0.24 %
Day's Low: $ 31.60 30 Day Perf: 4.43 %
Volume (M): 32 52 Wk High: $ 41.73
Volume (M$): $ 1,029 52 Wk Avg: $33.81
Open: $31.09 52 Wk Low: $28.51



 Market Capitalization (Millions $) 17,357
 Shares Outstanding (Millions) 547
 Employees 20,000
 Revenues (TTM) (Millions $) 15,024
 Net Income (TTM) (Millions $) 997
 Cash Flow (TTM) (Millions $) -16
 Capital Exp. (TTM) (Millions $) 193

Hormel Foods Corporation

Hormel Foods Corporation, a Delaware corporation, was founded by George A. Hormel in 1891 in Austin, Minnesota, as George A. Hormel & Company. The Company started as a processor of meat and food products and continues in this line of business. The Company name was changed to Hormel Foods Corporation on January 31, 1995. The Company is primarily engaged in the production of a variety of meat and food products and the marketing of those products throughout the United States and internationally. Although pork and turkey remain the major raw materials for its products, the Company has emphasized for several years the manufacturing and distribution of branded, value-added consumer items rather than the commodity fresh meat business. The Company has continually expanded its product portfolio through organic growth, new product development, and acquisitions.

In June 2008, the Company acquired Boca Grande Foods, Inc. (Boca Grande). Boca Grande manufactures, sells, and distributes liquid portion products and operates a facility in Duluth, Georgia.

Internationally, the Company markets its products through Hormel Foods International Corporation (HFIC), a wholly owned subsidiary. HFIC has a presence in the international marketplace through joint ventures and placement of personnel in strategic foreign locations such as Australia, Canada, China, Japan, and the Philippines. HFIC also has a global presence with minority positions in food companies in Mexico (Hormel Alimentos, 50% holding) and the Philippines (Purefoods-Hormel, 40% holding), and in a hog production and processing operation in Vietnam (San Miguel Purefoods (Vietnam) Co. Ltd., 49% holding).

The Company’s business is reported in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store (JOTS), Specialty Foods, and All Other.

Raw Materials

The Company has, for the past several years, been concentrating on processed branded products for consumers with year-round demand to minimize the seasonal variation experienced with commodity-type products. Pork continues to be the primary raw material for Company products. Although the live pork industry has evolved to large, vertically integrated, year-round confinement operations, and supply contracts have become prevalent in the industry, there is still a seasonal variation in the supply of fresh pork materials. The Company’s expanding line of processed items has reduced, but not eliminated, the sensitivity of Company results to raw material supply and price fluctuations.

Competition

The production and sale of meat and food products in the United States and internationally are highly competitive. The Company competes with manufacturers of pork and turkey products, as well as national and regional producers of other meat and protein sources, such as beef, chicken, and fish. The Company believes that its largest domestic competitors for its Refrigerated Foods segment in 2008 were Tyson Foods, Smithfield Foods, and Sara Lee Corporation; for its Grocery Products segment, ConAgra Foods, Pinnacle Foods, and Campbell Soup Co.; and for JOTS, Cargill, Inc. and Butterball, LLC.



   Company Address: 1 Hormel Place Austin 55912 MN
   Company Phone Number: 437-5611   Stock Exchange / Ticker: NYSE HRL
   


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GIS        2.24% 
K   -0.8%    
KHC        1% 
MDLZ        0.32% 
PPC        3.09% 
TSN        0.22% 
• View Complete Report
   



Stocks on the Move

title Hormel Foods Corp. Stock Remains Steady Amidst Market Underperformance Focus on Growth Potential

Published Fri, Jun 28 2024 6:16 AM UTC

Hormel Foods Corp. Stock Steady as it Underperforms Market: A Closer LookHormel Foods Corp. has recently showcased a steady performance in the stock market, even as it underperformed compared to the broader market. Despite this, the company's suppliers have recorded a substantial increase in sales, indicating potential growth opportunities for Hormel Foods in the future.In a...

Dividend

Hormel Foods Corporation Declares Quarterly Dividend Amidst Stock Decline

Published Mon, Mar 25 2024 9:00 PM UTC



In a recent press release, Hormel Foods Corporation, a renowned global branded food company, announced the declaration of its quarterly dividend on common stock. This dividend, authorized by the Board of Directors at 28.25 cents ($0.2825) per share, is a significant move in maintaining Hormel Foods' commitment to its shareholders. However, it is worth noting that t...

Personnel Announcements

Hormel Foods Strengthens Supply Chain Operations with Promotion of Matt Schrupp to Vice President of Jennie-O Turkey Store

Published Mon, Feb 5 2024 1:00 PM UTC


Introduction
Hormel Foods Corporation has recently announced the promotion of Matt Schrupp to the esteemed position of Vice President of Supply Chain Operations for its subsidiary, Jennie-O Turkey Store. This strategic appointment signifies Hormel's commitment towards enhancing its supply chain operations and consolidating its position as a global leader in the bran...






 

Hormel Foods's Segments
 
Grocery Products
 Segment     of total Revenue
Refrigerated Foods
 Segment     of total Revenue
Jennie-O Turkey Store
 Segment     of total Revenue
Specialty Foods
 Segment     of total Revenue
All Other
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Hormel Foods does not provide revenue guidance.

Earnings Outlook
Hormel Foods Corporation issued annual earnings guidance on

 
Geographic Revenue Dispersion
United States
International




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