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Hormel Foods Corporation  (NYSE: HRL)
Other Ticker:  
 
 
Price: $30.0600 $-0.22 -0.727%
Day's High: $30.39 Week Perf: -2.81 %
Day's Low: $ 29.98 30 Day Perf: -1.54 %
Volume (M): 2,141 52 Wk High: $ 33.80
Volume (M$): $ 64,355 52 Wk Avg: $30.77
Open: $30.16 52 Wk Low: $27.59



 Market Capitalization (Millions $) 16,551
 Shares Outstanding (Millions) 551
 Employees 20,000
 Revenues (TTM) (Millions $) 12,337
 Net Income (TTM) (Millions $) 750
 Cash Flow (TTM) (Millions $) 179
 Capital Exp. (TTM) (Millions $) 231

Hormel Foods Corporation
Hormel Foods Corporation is a Delaware corporation that was established in 1891 by George A. Hormel in Austin, Minnesota. Originally named George A. Hormel & Company, the organization has since evolved into Hormel Foods Corporation, a name adopted on January 31, 1995. The company primarily operates in the production and marketing of a diverse range of meat and food products, both within the United States and internationally. While pork and turkey have historically been the primary raw materials for Hormels products, the company has shifted its focus over the years to emphasize branded, value-added consumer items, moving away from the commodity-oriented fresh meat sector. This strategy has allowed Hormel to expand its product portfolio through organic growth, innovative new product development, and strategic acquisitions.

In recent operational developments, Hormel Foods Corporation acquired Boca Grande Foods, Inc. in June 2008. Boca Grande specializes in the manufacturing, selling, and distribution of liquid portion products and operates a facility located in Duluth, Georgia.

Globally, Hormel markets its products through Hormel Foods International Corporation (HFIC), which serves as a wholly owned subsidiary. HFIC maintains a presence in various international markets via joint ventures and strategic placements in countries such as Australia, Canada, China, Japan, and the Philippines. The company also holds minority positions in food companies in Mexico (50% stake in Hormel Alimentos) and the Philippines (40% stake in Purefoods-Hormel), as well as a 49% stake in a hog production and processing operation in Vietnam (San Miguel Purefoods (Vietnam) Co. Ltd.).

Hormel Foods operates its business through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store (JOTS), Specialty Foods, and All Other. The company has strategically shifted its focus towards processed branded products to mitigate seasonal fluctuations commonly associated with commodity products, with pork remaining a core raw material. Despite the industrys trend toward large, vertically integrated operations and supply contracts, Hormels diverse and expanding line of processed items has helped reduce the impact of raw material supply and price volatility on its overall performance.

The competitive landscape for Hormel Foods is intense, as it faces competition from both national and regional manufacturers of pork and turkey products, as well as from producers of other protein sources such as beef, chicken, and fish. Major competitors in the Refrigerated Foods segment include Tyson Foods, Smithfield Foods, and Sara Lee Corporation; in the Grocery Products segment, key rivals include ConAgra Foods, Pinnacle Foods, and Campbell Soup Company; while the Jennie-O Turkey Store segment competes with Cargill, Inc. and Butterball, LLC.


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


Customers Net Income fell by HRL's Customers Net Profit Margin fell to

-29.44 %

4.23 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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HSY        0.49% 
KHC   -2.54%    
MDLZ   -0.9%    
PPC        1.75% 
TSN   -1.16%    
• 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
Retail    61.54 % of total Revenue
Foodservice    32.31 % of total Revenue
International    6.16 % of total Revenue
Perishable    71.63 % of total Revenue
Shelf-stable    28.38 % of total Revenue





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