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Last €52.99 EUR
Change Today -0.71 / -1.33%
Volume 520.0
HO7 On Other Exchanges
Symbol
Exchange
Berlin
As of 10:05 AM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

hormel foods corp (HO7) Snapshot

Open
€53.84
Previous Close
€53.71
Day High
€53.84
Day Low
€52.99
52 Week High
04/10/15 - €55.37
52 Week Low
08/1/14 - €33.00
Market Cap
14.0B
Average Volume 10 Days
410.3
EPS TTM
--
Shares Outstanding
264.1M
EX-Date
07/16/15
P/E TM
--
Dividend
€1.00
Dividend Yield
1.42%
Current Stock Chart for HORMEL FOODS CORP (HO7)

hormel foods corp (HO7) 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 (HO7) 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 (HO7) Key Developments

Applegate Farms LLC, Hormel Foods Corporation - M&A Call

To discuss on the acquisition of Applegate Farms LLC by Hormel Foods Corporation

Hormel Foods Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 26, 2015; Reaffirms Earnings Guidance for the Year 2015

Hormel Foods Corporation reported unaudited consolidated earnings results for the second quarter and six months ended April 26, 2015. For the quarter, the company’s net sales were $2,279,345,000 against $2,244,866,000 a year ago. Operating income was $277,697,000 against $216,556,000 a year ago. Earnings before income taxes were $275,731,000 against $213,157,000 a year ago. Net earnings were $180,435,000 against $140,706,000 a year ago. Net earnings attributable to Hormel Foods Corporation were $180,201,000 or $0.67 diluted per share against $140,090,000 or $0.52 diluted per share a year ago. For the six months, the company’s net sales were $4,674,418,000 against $4,487,538,000 a year ago. Operating income was $543,663,000 against $453,748,000 a year ago. Earnings before income taxes were $539,768,000 against $448,428,000 a year ago. Net earnings were $352,865,000 against $295,164,000 a year ago. Net earnings attributable to Hormel Foods Corporation were $351,919,000 or $1.30 diluted per share against $293,438,000 or $1.09 diluted per share a year ago. Net cash provided by operating activities was $445,737,000 against $275,035,000 a year ago. Net purchases of property /equipment was $43,934,000 against $70,832,000 a year ago. The company reaffirmed earnings guidance for the year 2015. The company is maintaining non-GAAP earnings guidance at the lower end of previously stated $2.50 to $2.60 per share range. Subtracting the excluded non-recurring charges relating to the closure of the Stockton, California, manufacturing facility and the exit from international joint venture businesses from the non-GAAP adjusted diluted earnings per share guidance range of $2.50 to $2.60 per share results in a U.S. GAAP diluted earnings per share guidance range for fiscal year 2015 of $2.45 to $2.55 per share. For fiscal 2015 full year, The company expects the effective tax rate to be between 34% and 35%. For fiscal 2015, The company expects capital expenditures to be approximately $165 million to $180 million.

Hormel Foods Corporation Declares Quarterly Dividend on Common Stock, Payable on August 17, 2015

Hormel Foods Corporation announced that its quarterly dividend on the common stock, authorized by the board of directors at 25 cents per share on May 18, 2015, will be paid August 17, 2015, to stockholders of record at the close of business on July 20, 2015.

 

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Industry Analysis

HO7

Industry Average

Valuation HO7 Industry Range
Price/Earnings 23.9x
Price/Sales 1.6x
Price/Book 4.0x
Price/Cash Flow 23.3x
TEV/Sales 1.5x
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