The Latest Breaking News from HRL

Hormel Foods has lagged behind the broader market over the past year, and analysts are cautious about the stock's prospects.

With Hormel Foods expected to release its Q3 earnings next month, analysts project a double-digit profit dip.

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…

  Over the past three months, shares of Hormel Foods (NYSE:HRL) rose by 4.20%. Before having a look at the importance of debt, let us look at how much debt Hormel Foods has.

Within the last quarter, Hormel Foods (NYSE:HRL) has observed the following analyst ratings: