Last $53.00 USD
Change Today -0.08 / -0.15%
Volume 242.0K
HRL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

hormel foods corp (HRL) Snapshot

Open
$53.18
Previous Close
$53.08
Day High
$53.47
Day Low
$52.96
52 Week High
11/14/14 - $55.40
52 Week Low
02/5/14 - $42.81
Market Cap
14.0B
Average Volume 10 Days
629.0K
EPS TTM
$2.23
Shares Outstanding
263.6M
EX-Date
01/15/15
P/E TM
23.8x
Dividend
$1.00
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 worldwide. 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, frozen items, 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 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.

20,400 Employees
Last Reported Date: 12/17/14
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: $466.7K
Executive Vice President and President of Hor...
Total Annual Compensation: $466.7K
Group Vice President and President of Jennie-...
Total Annual Compensation: $317.9K
Group Vice President of Refrigerated Foods
Total Annual Compensation: $315.4K
Compensation as of Fiscal Year 2014.

hormel foods corp (HRL) Key Developments

Hormel Foods Corporation Announces Increase to Annual Dividend; Announces Quarterly Dividend, Payable on February 17, 2015

The board of directors of Hormel Foods Corporation announced a 25% increase to the annual dividend to shareholders, marking the 49th consecutive annual dividend increase. The annual dividend on the common stock of the corporation was raised to $1.00 per share from $0.80 per share. The board of directors authorized the first quarterly dividend of twenty-five cents (25 cent) a share to be paid on Feb. 17, 2015, to stockholders of record at the close of business on Jan. 20, 2015.

Hormel Foods Corporation Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended October 26, 2014; Provides Earnings Guidance for Fiscal 2015

Hormel Foods Corporation announced unaudited consolidated earnings results for fourth quarter and full year ended October 26, 2014. For the quarter, the company reported net sales of $2,543,771,000, operating income of $263,368,000, earnings before income taxes of $260,742,000, net earnings attributable to company of $171,264,000 or $0.63 per diluted share compared to the net sales of $2,323,202,000, operating income of $240,202,000, earnings before income taxes of $239,607,000, net earnings attributable to company of $157,340,000 or $0.58 per diluted share for the same quarter a year ago. Capital expenditures for the quarter totaled $47.3 million compared to $38 million last year. For the year, the company reported net sales of $9,316,256,000, operating income of $931,620,000, earnings before income taxes of $922,152,000, net earnings attributable to company of $602,677,000 or $2.23 per diluted share, net cash provided by operating activities of $746,879,000, net purchases of property/equipment of $148,853,000 compared to the net sales of $8,751,654,000, operating income of $805,989,000, earnings before income taxes of $798,507,000, net earnings attributable to company of $526,211,000 or $1.95 per diluted share, net cash provided by operating activities of $637,805,000, net purchases of property/equipment of $96,598,000 for the previous year. For the full year, capital expenditures totaled $159.1 million compared with $106.8 million last year. In fiscal 2015 the company expects to exceed stated goals of 5% sales growth and 10% earnings growth by continuing to provide consumers with innovative, value-added solutions. The company expects non-recurring charges of approximately $0.04 to $0.06 per share to be incurred early in fiscal 2015 as a result of the potential exit from business in Vietnam and the closure of Stockton, California Grocery Products manufacturing facility. Excluding these expected non-recurring charges, the company setting 2015 non-GAAP earnings per share guidance range at $2.45 to $2.55 per share. The company expects interest expense to be approximately $12 million to $14 million for fiscal 2015. The company expects the effective tax rate to be between 34% and 34.5%. the company expects capital expenditures to be approximately $180 million to $200 million.

Hormel Foods Seeks Acquisitions

Hormel Foods Corporation (NYSE:HRL) is looking for acquisition opportunities. Jody Feragen, Executive Vice President and Chief Financial Officer of Hormel Foods, "we will continue to look for acquisition opportunities there that fit with our strategies of brands that are number one or number two in the marketplace, transactions that can be accretive both from a margin perspective as well as overall profit."

 

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Industry Analysis

HRL

Industry Average

Valuation HRL Industry Range
Price/Earnings 23.8x
Price/Sales 1.5x
Price/Book 3.9x
Price/Cash Flow 23.2x
TEV/Sales 1.4x
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