Last $47.93 USD
Change Today +0.03 / 0.06%
Volume 462.0K
As of 6:40 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

hormel foods corp (HRL) Snapshot

Open
$47.89
Previous Close
$47.90
Day High
$48.09
Day Low
$47.85
52 Week High
04/1/14 - $49.47
52 Week Low
06/21/13 - $37.46
Market Cap
12.7B
Average Volume 10 Days
609.0K
EPS TTM
$2.07
Shares Outstanding
264.0M
EX-Date
04/16/14
P/E TM
23.2x
Dividend
$0.80
Dividend Yield
1.54%
Current Stock Chart for HORMEL FOODS CORP (HRL)

hormel foods corp (HRL) Details

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It provides various perishable meat products, including fresh meats, refrigerated meal solutions, sausages, hams, wieners, and bacon; and shelf-stable products comprising canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, meat spreads, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other products. The company also offers pork and beef, and branded and unbranded turkey products for retail, foodservice, and fresh product customers; and other products, such as nutritional food products and supplements, sugar and sugar substitutes, dessert and drink mixes, and industrial gelatin products. It sells its products 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 based in Austin, Minnesota.

19,700 Employees
Last Reported Date: 03/7/14
Founded in 1891

hormel foods corp (HRL) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.0M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $445.1K
Executive Vice President and President of Hor...
Total Annual Compensation: $433.0K
Group Vice President and President of Jennie-...
Total Annual Compensation: $261.4K
Compensation as of Fiscal Year 2013.

hormel foods corp (HRL) Key Developments

Hormel Foods Introduces Industry-First Shelf-Stable Egg with New Hormel(R) Compleats(TM) Breakfast

Hormel Foods has introduced Hormel(R) Compleats(TM) breakfast, a line of convenient, hearty breakfast meals ready in just 60 seconds. The new line is the first in the shelf-stable microwavable breakfast meals category to include real eggs, utilizing innovative new technology to create a breakfast packed with protein. Hormel(R) Compleats(TM) breakfast features four tasty single-serve varieties, including two with real eggs - Bacon Breakfast Scramble and Sausage Breakfast Scramble - as well as Roasted Potatoes & Sausage Gravy and Apple Cinnamon Oatmeal. It's an ideal solution for Americans who are increasingly forced to choose between conflicting priorities, with 53% passing on breakfast because they don't have enough time, they want to get extra sleep, or they don't like preparing it. With a variety of flavors to fit any craving, the Hormel(R) Compleats(TM) breakfast line is a perfect fit for consumers who typically enjoy breakfast at work, since it doesn't require refrigeration. Each tray provides a balance of carbohydrates, calories, and protein, featuring quality meats, flavorful potatoes, or slow cooked oatmeal. Select varieties feature 17-20 grams of protein per serving, and are a good source of fiber. To support the launch of this innovative new line, the brand has partnered with Richard Karn, famous for his role as Al Borland on the '90s sitcom Home Improvement, for a series of breakfast makeovers in Knoxville and Des Moines, Iowa. Richard will swap consumers' ordinary breakfasts for Hormel(R) Compleats(TM) breakfast, helping commuters start their day with a filling and tasty meal. The Hormel(R) Compleats(TM) breakfast line is just the latest innovative addition to the already strong Hormel(R) Compleats(R) lineup, which includes more than 40 varieties across several meal occasions, including lunch, dinner, and kids meals. Now offered in grocery stores nationwide and conveniently located in the soup and pasta aisle, Hormel(R) Compleats(TM) breakfast is available at a suggested retail price of $2.18 - $2.99.

Hormel Foods Corporation Declares Quarterly Dividend Payable on May 15, 2014

Hormel Foods Corporation announced that its quarterly dividend on the common stock, authorized by the Board of Directors at twenty cents (20 cents) a share on March 24, 2014, will be paid May 15, 2014, to stockholders of record at the close of business on April 21, 2014.

Pinnacle Reportedly Close To Acquire Ragu Brand

Pinnacle Foods Inc. (NYSE:PF) is reportedly the front runner in the $2 billion sale of Ragu brand by Unilever NV (ENXTAM:UNA). Unilever’s Ragu could be paired with Hormel Foods Corporation (NYSE:HRL) and The J. M. Smucker Company (NYSE:SJM) prepare for an auction of the pasta sauce, people with knowledge of the matter said. Also considering a bid for Ragu are The Hillshire Brands Company (NYSE:HSH); Pennexx Foods Inc. (OTCPK:PNNX); Mizkan Co., Ltd.; and Post Holdings, Inc. (NYSE:POST) , the people said, asking not to be identified as the information is private. With first round bids for Ragu, which may fetch as much as $2 billion, due at the end of next week, all of the potential buyers have contacted banks to discuss their interest, the people said. According to Blolomberg, Jaime Stein, a spokeswoman for Unilever, declined to comment on the Ragu sale as did representatives for Hormel, Smucker and Pinnacle. Spokesmen for Hillshire, Post and Mizkan Americas did not reply to e-mail messages or phone calls seeking comment.

 

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Industry Analysis

HRL

Industry Average

Valuation HRL Industry Range
Price/Earnings 23.6x
Price/Sales 1.4x
Price/Book 3.7x
Price/Cash Flow 23.0x
TEV/Sales 1.3x
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