hormel foods corp (HRL:New York)
hormel foods corp (HRL) Snapshot
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Open
$38.81
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Previous Close
$40.65
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Day High
$39.41
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Day Low
$38.51
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52 Week High
05/15/13 - $43.17
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52 Week Low
08/2/12 - $27.28
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Market Cap
10.4B
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Average Volume 10 Days
1.0M
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EPS TTM
$1.86
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Shares Outstanding
264.8M
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EX-Date
07/18/13
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P/E TM
21.0x
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Dividend
$0.68
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Dividend Yield
1.63%
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hormel foods corp (HRL) Latest News
hormel foods corp (HRL) Details
Hormel Foods Corporation engages in the processing, marketing, and sale of various consumer-branded meat and food products. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. The Grocery Products segment offers shelf-stable food products, including canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, meat spreads, flour and corn tortillas, salsas, and tortilla chips in the retail market. The Refrigerated Foods segment provides branded and unbranded pork and beef products for retail, foodservice, and fresh product customers. The Jennie-O Turkey Store segment offers branded and unbranded turkey products for retail, foodservice, and fresh product customers. The Specialty Foods segment is involved in the packaging and sale of various sugar and sugar substitute products, salt and pepper products, liquid portion products, dessert mixes, ready-to-drink products, sports nutrition products, gelatin products, and private label canned meats to retail and foodservice customers. This segment also processes, markets, and sells nutritional food products and supplements to hospitals, nursing homes, and other marketers of nutritional products. The International & Other segment manufactures, markets, and sells its products internationally. Hormel Foods Corporation sells its products through sales personnel, as well as through independent brokers and distributors primarily in the United States, Australia, Canada, China, England, Japan, Mexico, Micronesia, the Philippines, and South Korea. The company was formerly known as George 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.
hormel foods corp (HRL) Top Compensated Officers
hormel foods corp (HRL) Key Developments
Hormel Foods Corporation lowered its full year guidance range for fiscal 2013 from $1.93 to $2.03 per share to $1.88 to $1.96 per share. Lower than expected results in pork operations, higher input costs and softer sales of retail products in Refrigerated Foods segment are the primary reason for the expected shortfall in second half results.
Hormel Foods Corporation reported consolidated earnings results for the second quarter and six months ended April 28, 2013. For the quarter, the company reported net sales of $2,152,686,000 compared to $2,012,859,000 a year ago. Operating income was $186,929,000 compared to $194,739,000 a year ago. Earnings before income taxes were $184,903,000 compared to $193,794,000 a year ago. Net earnings attributable to company were $125,520,000 or $0.46 per diluted share compared to $127,887,000 or $0.48 per diluted share a year ago. Capital expenditures totaled $23 million compared to $28 million last year. For the six months period, the company reported net sales of $4,268,927,000 compared to $4,052,298,000 a year ago. Operating income was $385,134,000 compared to $390,672,000 a year ago. Earnings before income taxes were $381,824,000 compared to $388,103,000 a year ago. Net earnings attributable to company were $255,236,000 or $0.95 per diluted share compared to $256,282,000 or $0.95 per diluted share a year ago. Net cash provided by operating activities was $257,558,000 compared to $213,031,000 a year ago. Acquisitions of businesses/intangibles were $663,128,000 compared to $168,000 a year ago. Net purchases of property /equipment was $41,183,000 compared to $56,414,000 a year ago. For the fiscal 2013, the company expects to maintain guidance of $1.93 to $2.03 per share. Capital expenditures are expected to be approximately $120 million to $130 million. Depreciation and amortization are expected to be approximately $120 million to $125 million.
Hormel Foods Corporation announced that its quarterly dividend on the common stock, authorized by the Board of Directors at seventeen cents (17 cents) a share on May 20, 2013, will be paid August 15, 2013, to stockholders of record at the close of business on July 22, 2013.
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Industry Analysis
HRL
Industry Average
| Valuation | HRL | Industry Range |
| Price/Earnings | 21.9x |
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| Price/Sales | 1.3x |
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| Price/Book | 3.6x |
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| Price/Cash Flow | 21.6x |
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| TEV/Sales | 1.2x |
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Post a JobJobs
- Minneapolis, MN | Hormel FoodsPosted: May 31
- Memphis, TN | Hormel FoodsPosted: May 31
- Fremont, NE | Hormel FoodsPosted: May 31
- Fremont, NE | Hormel FoodsPosted: May 31
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To contact HORMEL FOODS CORP, please visit www.hormelfoods.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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