Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products. The company also provides turkey products; nutritional food products and supplements; dessert and drink mixes; and industrial gelatin products. It sells its products under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, etc. brand names through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
IPO Year:
Exchange: NYSE
Website: hormelfoods.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/9/2026 | $23.00 | Overweight → Neutral | Analyst |
| 8/20/2025 | $34.00 | Neutral → Overweight | Analyst |
| 6/23/2025 | $35.00 | Buy | Goldman |
| 5/27/2025 | $30.00 | Underperform → Neutral | BNP Paribas Exane |
| 4/15/2025 | $35.00 | Underperform → Neutral | BofA Securities |
| 10/21/2024 | $28.00 | Underperform | Exane BNP Paribas |
| 10/3/2024 | $31.00 | Equal-Weight | Stephens |
| 8/13/2024 | $33.00 → $37.00 | Neutral → Buy | Citigroup |
| 5/31/2024 | $28.00 → $29.00 | Underweight → Neutral | JP Morgan |
| 2/1/2024 | $31.00 | Neutral | Citigroup |
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Analyst downgraded Hormel Foods from Overweight to Neutral and set a new price target of $23.00
Analyst upgraded Hormel Foods from Neutral to Overweight and set a new price target of $34.00
Goldman initiated coverage of Hormel Foods with a rating of Buy and set a new price target of $35.00
BNP Paribas Exane upgraded Hormel Foods from Underperform to Neutral and set a new price target of $30.00
BofA Securities upgraded Hormel Foods from Underperform to Neutral and set a new price target of $35.00
Exane BNP Paribas initiated coverage of Hormel Foods with a rating of Underperform and set a new price target of $28.00
Stephens resumed coverage of Hormel Foods with a rating of Equal-Weight and set a new price target of $31.00
Citigroup upgraded Hormel Foods from Neutral to Buy and set a new price target of $37.00 from $33.00 previously
JP Morgan upgraded Hormel Foods from Underweight to Neutral and set a new price target of $29.00 from $28.00 previously
Citigroup initiated coverage of Hormel Foods with a rating of Neutral and set a new price target of $31.00
10-Q - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
10-Q - HORMEL FOODS CORP /DE/ (0000048465) (Filer)
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AUSTIN, Minn., June 2, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced today that John Ghingo, president, and Paul Kuehneman, interim chief financial officer and controller, will participate in a fireside chat at the virtual Oppenheimer 26th Annual Consumer Growth & E-Commerce Conference on Monday, June 8, 2026. A webcast of the fireside chat is scheduled to begin at 9:00 a.m. ET (8:00 a.m. CT). The live webcast and replay of the event can be accessed on the company's investor website, investor.hormelfoods.com.About
Company Delivers Sixth Consecutive Quarter of Organic Top-Line Growth, GAAP EPS of $0.29 and Double-Digit Growth in Adjusted EPS1AUSTIN, Minn., May 28, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2026, which ended April 26, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted. EXECUTIVE SUMMARY — SECOND QUARTERNet sales of $2.97 billion; organic net sales1 up 3%Operating income of $217 million; adjusted operating income1 of $294 m
AUSTIN, Minn., May 18, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.25 cents ($0.2925) a share on May 18, 2026, will be paid August 17, 2026, to stockholders of record at the close of business on July 13, 2026. The August 17 payment will be the 392nd consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruptio
A bold new take on the classic hot dog rolls out just in time for summer The SPAM® Dog unleashed nationwide: a crave-inducing reimagination of the classic hot dog that brings iconic SPAM® brand style to a bold new format.Easy for Foodservice; Delicious for Consumers: the SPAM® Dog delivers familiarity with a twist, providing operators an opportunity to offer additional varieties on the roller grill. Two Culinary Icons: Making its national debut at the National Restaurant Association Show in Chicago, the SPAM® Dog delivers one unexpected bite and will continue to roll out to additional restaurants, arenas and convenience stores this summer.AUSTIN, Minn., May 14, 2026 /PRNewswire/ -- The S
AUSTIN, Minn., May 4, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jeff Ettinger, interim chief executive officer; John Ghingo, president; and Paul Kuehneman, interim chief financial officer and controller, to discuss the Company's second quarter financial results. The Company will issue its earnings release before the markets open on Thursday, May 28, 2026, and will host a conference call at 8 a.m. CT (9 a.m. ET). The live webcast, replay, and
The program celebrates young change-makers under 20 years old creatively tackling food insecurity and systemic challengesNational Search for 2026 Food Heroes: Hormel Foods is officially seeking nominations for its fifth class of "10 Under 20 Food Heroes," 10 young leaders under age 20 who are implementing service initiatives for food security and community resilience.Strategic Career Pathways: Honorees will participate in executive networking sessions designed to foster the next generation of industry leaders and can apply for corporate internships.Resources for Continued Positive Impact: Food Heroes receive funding to expand their local projects and guidance from Hormel Foods leaders.AUSTIN
The #1 salsa brand in Mexico launches an exclusive collection of marinades and Mexican-style BBQ sauces at Walmart, designed for the grill, stovetop and air fryerORANGE, Calif., April 28, 2026 /PRNewswire/ -- This summer, the secret to the ultimate backyard gathering isn't just in the heat, it's in the asada. HERDEZ®, the #1 salsa brand in Mexico, is bringing the vibrant flavors of traditional Mexican grilling to American homes with the launch of the HERDEZ® Asada line. Available exclusively at Walmart, this new line of marinades, taco seasonings, and Mexican-style BBQ sauces is
Hormel Foods continues to own JENNIE-O® brand and value-added turkey product portfolioAUSTIN, Minn., April 24, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced it has completed the previously announced sale of its whole-bird turkey business to Willmar, Minn.-based Life-Science Innovations (LSI). LSI has taken ownership of an existing whole-bird production facility in Melrose, Minn., a feed mill in Swanville, Minn., and associated transportation assets. The production facility will now operate under the name Lega
Jeremiah Johnson, director of food safety management, named successorAUSTIN, Minn., March 26, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that Richard Carlson, vice president of global food safety and quality management, will be retiring after a 35-year career with the company. Jeremiah Johnson, a 20-year company veteran and director of food safety management, will succeed Carlson as vice president of global food safety and quality management."Richard has provided dedicated leadership in food safety and qua
AUSTIN, Minn., March 23, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.25 cents ($0.2925) a share on March 23, 2026, will be paid May 15, 2026, to stockholders of record at the close of business on April 13, 2026. The May 15 payment will be the 391st consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption
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Jeremiah Johnson, director of food safety management, named successorAUSTIN, Minn., March 26, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that Richard Carlson, vice president of global food safety and quality management, will be retiring after a 35-year career with the company. Jeremiah Johnson, a 20-year company veteran and director of food safety management, will succeed Carlson as vice president of global food safety and quality management."Richard has provided dedicated leadership in food safety and qua
New role underscores company's commitment to modernizing technology, digital and data capabilitiesAUSTIN, Minn., Feb. 24, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced the appointment of Donald Monk as chief technology officer, effective March 23. In this newly created role, Monk will serve as the company's senior-most technology leader, responsible for envisioning, aligning and delivering the enterprise technology, digital and data strategy that supports long‑term growth. "Don is an exceptional technology le
Seasoned supply chain leader to oversee global procurement, manufacturing, planning, logistics and engineering AUSTIN, Minn., Feb. 12, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced the appointment of Will Bonifant as group vice president and chief supply chain officer, effective March 9. In this role, Bonifant will lead the company's global supply chain, including procurement, manufacturing, planning, logistics, engineering and supply chain innovation. "Will is a proven supply chain leader who has scaled co
AUSTIN, Minn., Jan. 15, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the appointment of Domenic Borrelli as executive vice president of Retail, effective February 23, 2026. In this role, Borrelli will oversee the Retail business unit, which includes many of the company's most recognized consumer brands and represents one of its largest growth engines. "I am delighted to welcome Domenic to the company. He has a proven track record of creating consumer-driven growth in well-established, legacy businesses an
New role further strengthens marketing capabilities and accelerates growth strategy AUSTIN, Minn., Dec. 18, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced that Jason Levine has been appointed to a newly created enterprise-wide chief marketing officer (CMO) role, a move that underscores the company's commitment to driving growth and innovation as it continues to strengthen its consumer-centric strategy. Levine is a seasoned marketing leader with more than two decades of experience in the consumer packaged go
Aakre extends his service to the company by joining Hormel Foods board of directors AUSTIN, Minn., May 15, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced that Scott Aakre, group vice president and chief marketing officer for Retail, will retire at the end of the company's fiscal 2025 after 35 years of distinguished service. His responsibilities will be transitioned internally. The company also announced that Aakre, who serves on The Hormel Foundation board, was appointed to the Hormel Foods board of directors, effective May 15, 2025, enabling the company to continue benefiting from his expertise.
AUSTIN, Minn., March 20, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced today that Jeffrey M. Ettinger, chairman of The Hormel Foundation, has been re-appointed to the Hormel Foods Board of Directors, effective March 21, 2025. The Hormel Foundation, an unaffiliated non-profit organization with a charitable mission, beneficially owns approximately 46% of Hormel Foods outstanding common stock. Ettinger previously served on the Hormel Foods Board of Directors and spent nearly three decades with the company, retiring in 2016 after a successful tenure as president and chief executive officer.
AUSTIN, Minn., Jan. 30, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, announced the upcoming retirement of Mark Ourada, group vice president, Foodservice, following 37 years of dedicated service and leadership. Throughout his nearly four-decade-long career with the company, Ourada has played an active role in the successful development and evolution of the $3.8 billion Foodservice business segment. He was also instrumental in the PLANTERS® brand integration and helped the company drive focus and growth in the convenience store channel.
AUSTIN, Minn., Jan. 20, 2025 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, announced the upcoming retirement of Brian Johnson, vice president and corporate secretary. "Throughout his 30-year career at Hormel Foods, Brian has been a trusted advisor to me, our executives and our Board of Directors," said Jim Snee, chairman of the board, president, and chief executive officer at Hormel Foods. "Brian has earned tremendous respect internally, externally, and with our Board of Directors, for his expertise, sound judgment, integrity a
Travel the country representing the PLANTERS® brand, and spread nutty fun at events nationwide in a paid, full-time role starting June 2025. AUSTIN, Minn., Jan. 7, 2025 /PRNewswire/ -- If you've ever dreamed of traveling the country in a 26-foot-long peanut – the makers of the PLANTERS® brand have a "shell" of a job for you! Applications are now being accepted to become a world-famous Peanutter. This year, the three available positions offer an exciting opportunity to join a promotional tour throughout the country featuring a competitive compensation and benefits package that
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Company Delivers Sixth Consecutive Quarter of Organic Top-Line Growth, GAAP EPS of $0.29 and Double-Digit Growth in Adjusted EPS1AUSTIN, Minn., May 28, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today reported results for the second quarter of fiscal 2026, which ended April 26, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted. EXECUTIVE SUMMARY — SECOND QUARTERNet sales of $2.97 billion; organic net sales1 up 3%Operating income of $217 million; adjusted operating income1 of $294 m
AUSTIN, Minn., May 18, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.25 cents ($0.2925) a share on May 18, 2026, will be paid August 17, 2026, to stockholders of record at the close of business on July 13, 2026. The August 17 payment will be the 392nd consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruptio
A bold new take on the classic hot dog rolls out just in time for summer The SPAM® Dog unleashed nationwide: a crave-inducing reimagination of the classic hot dog that brings iconic SPAM® brand style to a bold new format.Easy for Foodservice; Delicious for Consumers: the SPAM® Dog delivers familiarity with a twist, providing operators an opportunity to offer additional varieties on the roller grill. Two Culinary Icons: Making its national debut at the National Restaurant Association Show in Chicago, the SPAM® Dog delivers one unexpected bite and will continue to roll out to additional restaurants, arenas and convenience stores this summer.AUSTIN, Minn., May 14, 2026 /PRNewswire/ -- The S
AUSTIN, Minn., May 4, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jeff Ettinger, interim chief executive officer; John Ghingo, president; and Paul Kuehneman, interim chief financial officer and controller, to discuss the Company's second quarter financial results. The Company will issue its earnings release before the markets open on Thursday, May 28, 2026, and will host a conference call at 8 a.m. CT (9 a.m. ET). The live webcast, replay, and
The program celebrates young change-makers under 20 years old creatively tackling food insecurity and systemic challengesNational Search for 2026 Food Heroes: Hormel Foods is officially seeking nominations for its fifth class of "10 Under 20 Food Heroes," 10 young leaders under age 20 who are implementing service initiatives for food security and community resilience.Strategic Career Pathways: Honorees will participate in executive networking sessions designed to foster the next generation of industry leaders and can apply for corporate internships.Resources for Continued Positive Impact: Food Heroes receive funding to expand their local projects and guidance from Hormel Foods leaders.AUSTIN
Hormel Foods continues to own JENNIE-O® brand and value-added turkey product portfolioAUSTIN, Minn., April 24, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced it has completed the previously announced sale of its whole-bird turkey business to Willmar, Minn.-based Life-Science Innovations (LSI). LSI has taken ownership of an existing whole-bird production facility in Melrose, Minn., a feed mill in Swanville, Minn., and associated transportation assets. The production facility will now operate under the name Lega
AUSTIN, Minn., March 23, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today announced its quarterly dividend on the common stock, authorized by the Board of Directors at 29.25 cents ($0.2925) a share on March 23, 2026, will be paid May 15, 2026, to stockholders of record at the close of business on April 13, 2026. The May 15 payment will be the 391st consecutive quarterly dividend paid by the company. Since becoming a public company in 1928, Hormel Foods Corporation has paid a regular quarterly dividend without interruption
The makers of HORMEL® Pepperoni and FONTANINI® Italian Meats declare heat, premium proteins, and global culinary influences will reign supreme2026 Pizza Trends Unveiled: Hormel Foods identifies five dominant pizza trends for 2026, headlined by the rise of Calabrian chili specialized heat, premium proteins, and global fusion flavorsStrategic Menu Innovation: With 43% of U.S. consumers seeking new flavors, Hormel Foods highlights the evolution of Limited Time Offers (LTOs) and "Triple Pepperoni" pies as essential drivers for restaurant foot trafficNext-Gen Toppings: At Pizza Expo, the makers of HORMEL® and FONTANINI® brands are launching specialized products like Hot Calabrian Chili Sausage to
The sizzle meets the drizzle in a bold new collab – now available exclusively at WalmartAUSTIN, Minn., March 5, 2026 /PRNewswire/ -- The SPAM® brand and Bachan's® have teamed up to launch a bold new product: SPAM® Japanese Barbecue Sauce Flavored, a limited-edition variety made with Bachan's® Original Japanese Barbecue Sauce. This first-of-its-kind collaboration brings together two beloved pantry staples rooted in Asian American food culture, blending the iconic sizzle of the SPAM® brand with a savory drizzle of Bachan's® to deliver an umami-rich flavor in every bite. Available at Walmart, this flavor-packed release is perfect for frying, flipping, stacking, or snacking.
Company Achieves Net Sales of $3 billion and Organic Net Sales1 Growth of 2%Company Reports Diluted EPS of $0.33; Adjusted Diluted EPS1 of $0.34Updates GAAP Guidance; Reiterates Adjusted Full Year Fiscal 2026 GuidanceAUSTIN, Minn., Feb. 26, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE:HRL), a Fortune 500 global branded food company, today reported results for the first quarter of fiscal 2026, which ended January 25, 2026. All comparisons are to the comparable period of fiscal 2025, unless otherwise noted. EXECUTIVE SUMMARY — FIRST QUARTERNet sales of $3.03 billion; organi
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