The Latest Breaking News from HRL

Hormel Foods is set to report its Q4 earnings in December, with analysts forecasting a modest decline in profits.

Hormel Foods has recently underperformed the S&P 500, and Wall Street analysts are cautious about the stock’s prospects.

Hormel Foods (NYSE:HRL) has outperformed the market over the past 20 years by 4.06% on an annualized basis producing an average annual return of 11.06%. Currently, Hormel Foods has a market capitalization of $26.09 billion.

Hormel Foods Corp (NYSE:HRL) reported second-quarter FY22 sales growth of 19% to $3.09 billion, beating the consensus of $3.07 billion. Net sales for Refrigerated Foods increased 13% Y/Y, Grocery Products rose 39%, Jennie-O Turkey Store climbed 16%, and International & other sales fell 1%. EPS of $0.48 beat the analyst consensus of $0.47.…

Hormel Foods (NYSE:HRL) has outperformed the market over the past 15 years by 4.6% on an annualized basis producing an average annual return of 11.58%. Currently, Hormel Foods has a market capitalization of $26.27 billion.

Despite the rising prices of packaged food products due to intensifying supply chain disruptions, Hormel Foods (HRL) and Campbell Soup (CPB) should benefit substantially from surging demand. But which of these stocks is a better buy now? Read more to learn our view.

Hormel Foods Corp (NYSE:HRL) owned Skippy Foods has recalled 9,353 cases of peanut butter due to possible contamination of stainless steel fragments. The contamination is suspected to have happened from a piece of factory equipment. The affected varieties include Skippy Reduced Fat Creamy Peanut Butter Spread, Skippy Reduced Fat Chunky Peanut Butter Spread, and Skippy…

Hormel Foods (HRL) has gained from consistent consumption trends and has boosted its top-line sales across its brand portfolio. Furthermore, the corporation has a history of steady dividend payouts. However, is it worth adding its stock to one’s portfolio now, considering the company’s mixed profitability? Let's discuss.

Goldman Sachs analyst Adam Samuelson downgraded Hormel Foods Corp (NYSE:HRL) to Sell from Neutral with a $44 price target, implying a 12.07% downside. Samuelson warned that the Russia-Ukraine conflict might become one of the most disruptive events across the food and agricultural supply chain. The analyst expects material fertilizer supply shocks across nutrients. Samuelson views…