Last $51.06 USD
Change Today -0.33 / -0.64%
Volume 934.2K
HRL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:15 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

hormel foods corp (HRL) Snapshot

Open
$51.56
Previous Close
$51.39
Day High
$51.56
Day Low
$50.96
52 Week High
10/1/14 - $51.56
52 Week Low
10/9/13 - $41.40
Market Cap
13.5B
Average Volume 10 Days
588.7K
EPS TTM
$2.18
Shares Outstanding
263.5M
EX-Date
10/16/14
P/E TM
23.5x
Dividend
$0.80
Dividend Yield
1.51%
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.

20,200 Employees
Last Reported Date: 09/5/14
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 Corporation Declares Quarterly Dividend, Payable on November 14, 2014

Hormel Foods Corporation announced that its quarterly dividend on the common stock, authorized by the Board of Directors at twenty cents a share on September 22, 2014, will be paid November 14, 2014, to stockholders of record at the close of business on October 20, 2014.

Hormel Seeks Acquisitions

Hormel Foods Corporation (NYSE:HRL) is seeking acquisitions. Hormel has been busy looking for acquisitions in recent quarters. Announcing its third-quarter results, Hormel indicated it was ready to make more deals.

Hormel Foods Corporation Announces Earnings Results for the Third Quarter Ended July 27, 2014; Reaffirms Earnings Guidance for the Year 2014

Hormel Foods Corporation announced earnings results for the third quarter ended July 27, 2014. Net sales were $2,284,947,000 against $2,159,525,000 a year ago. The company reported record fiscal 2014 third quarter net earnings of $138.0 million, up 21% from net earnings of $113.6 million a year earlier. Diluted earnings per share for the quarter were $0.51, up 21% compared to $0.42 last year. Sales for the quarter were $2.3 billion, up 6% from the same period in fiscal 2013. Total segment operating profit was $224,639,000 against $183,216,000 a year ago. Earnings before income taxes were $212,982,000 against $177,076,000 a year ago. Capital expenditures for the quarter totaled $34,800,000, up $11,500,000 over last year. The company expects to finish fiscal 2014 within the previously stated guidance range of $2.17 to $2.27 per share. For fiscal 2014, the company expects capital expenditures to be approximately $150 million. For fiscal 2014, the company expects effective tax rate to be about 34.5%. The company expects depreciation and amortization to be about $130 million in fiscal 2014.

 

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Industry Analysis

HRL

Industry Average

Valuation HRL Industry Range
Price/Earnings 23.6x
Price/Sales 1.5x
Price/Book 3.8x
Price/Cash Flow 23.0x
TEV/Sales 1.4x
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