|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||35.13 - 35.75|
|52 Week Range||29.75 - 38.00|
|PE Ratio (TTM)||20.96|
|Earnings Date||May 23, 2018 - May 29, 2018|
|Forward Dividend & Yield||0.75 (2.12%)|
|1y Target Est||34.77|
China's proposed tariffs on US pork exports would reduce demand from China and cause pork supply to back up in the US market, leading to depressed local prices, Moody's Investors Service says in a new ...
Most analysts who are providing recommendations on Hormel Foods (HRL) have maintained “hold” ratings on the stock. As of April 6, 2018, of the 14 analysts covering the stock, 36% have recommended “buys,” 57% have recommended “holds,” and the remaining 7.0% have recommended “sells.”
On April 6, 2018, Hormel Foods (HRL) was trading at a 12-month forward PE (price-to-earnings ratio) of 18.6x. Following its fiscal 1Q18 results, the company’s valuation multiple has hardly changed.
Over the last year, Hormel Foods (HRL) has beaten the consensus estimate for adjusted EPS (earnings per share) in one quarter, fallen in line with the estimate in one quarter, and missed the estimate in the remaining quarters.
Hormel Foods’ (HRL) Jennie-O Turkey Store segment continued to see trouble in fiscal 1Q18. The segment’s sales in fiscal 1Q18 fell 7.2% to $390.6 million as higher sales of Jennie-O lean ground turkey and Jennie-O oven-ready turkey were nullified by reduced whole bird sales. The segment contributed 17% to Hormel Foods’ total sales in the quarter.
In fiscal 1Q18, Hormel Foods (HRL) reported strong performances in three segments: Grocery Products, Refrigerated Foods, and International & Other. In fiscal 1Q18, the Refrigerated Foods segment’s sales rose 4.8% to $1.2 billion compared to fiscal 1Q17 driven by the acquisition of Columbus Crafts and Fontanini. Its higher organic sales (up 4%) were driven by Applegate natural and organic products, Hormel Bacon 1 fully cooked bacon, Hormel pizza toppings, and Hormel Fire Braised meats.
Hormel Foods (HRL) has beaten analysts’ estimates for sales in just two of its last five reported quarters, and it’s missed estimates in the remaining quarters.
Hormel Foods (HRL) is looking for growth in a challenging food and beverage environment, and it’s expecting the deli business to be a growth driver. On Hormel’s fiscal 1Q18 earnings conference call, CEO Jim Snee stated that the company’s deli business was growing four times faster than its total food business despite its own set of challenges (keeping up with changing customer preferences, finding labor, and dealing with the shrink). Given that consumers are now looking for quick and quality food options while grocery shopping, deli service is becoming an indispensable part of grocery stores.
Hormel Foods (HRL) has established a road map to boost its financial performance in a challenging food and beverage environment. The food and beverage space is being negatively impacted by inflation in commodity prices, a consumer preference shift to organic and healthy foods, and the rise of private label products. Increasing costs and stiffening competition are weighing on the bottom lines of major food retailers, including Hormel Foods, Conagra Brands (CAG), and the Campbell Soup Company (CPB).
Hormel Foods (HRL), one of the leading names in the meat production and packaged foods industry, has seen its stock price fall 4% on a YTD (year-to-date) basis as of April 6, 2018.
Tanya Rodriguez's job is to understand consumers and why they make the choices they do.
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BRIDGEWATER, N.J., April 9, 2018 /PRNewswire/ -- Applegate®, the nation's leading natural and organic meat brand, announced that John Ghingo will assume the position of president, and the company's Senior Director of Mission, Gina Asoudegan, will be elevated to vice president of mission and innovation strategy. Applegate Farms, LLC (Applegate) is a stand-alone subsidiary of Hormel Foods Corporation (HRL). Most recently Ghingo was the president of plant-based foods and beverages at The WhiteWave Company. Asoudegan has been with Applegate since 2006 and will report to Ghingo.
U.S. stock markets remain volatile amid fears of a potential trade war with China. Let's see how the leading consumer staples stocks react to the raised tariffs.
AUSTIN, Minn. , April 6, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) recently awarded 90 suppliers with a 2017 Spirit of Excellence Award for their roles in the company's continuous improvement ...
AUSTIN, Minn. , April 5, 2018 /PRNewswire/ -- The makers of Hormel ® Natural Choice ® deli meats announced today the extension of its Make the Natural Choice ® advertising campaign featuring actress Judy ...
NEW YORK, NY / ACCESSWIRE / April 5, 2018 / Shares of Coca Cola and Hormel Foods were little affected by China imposing tariffs on many U.S. goods. Both shares closed higher in the green on Wednesday. ...
LONDON, UK / ACCESSWIRE / April 05, 2018 / Active-Investors.com has just released a free earnings report on Hormel Foods Corp. (NYSE: HRL ). If you want access to this report all you need to do is sign ...