Last $58.37 USD
Change Today -0.14 / -0.24%
Volume 153.6K
HRL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 10:48 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

hormel foods corp (HRL) Snapshot

Open
$58.58
Previous Close
$58.51
Day High
$58.68
Day Low
$58.30
52 Week High
02/25/15 - $58.98
52 Week Low
08/4/14 - $44.91
Market Cap
15.4B
Average Volume 10 Days
1.2M
EPS TTM
$2.36
Shares Outstanding
263.6M
EX-Date
01/15/15
P/E TM
24.7x
Dividend
$1.00
Dividend Yield
1.45%
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 Reports Unaudited Consolidated Earnings Results for the First Quarter Ended January 25, 2015; Revises Earnings Guidance for the Year 2015

Hormel Foods Corporation reported unaudited consolidated earnings results for the first quarter ended January 25, 2015. For the period, excluding nonrecurring charges, the company non-GAAP adjusted net earnings of $187.3 million, up 22% from net earnings of $153.3 million a year earlier. Non-GAAP adjusted diluted earnings per share were $0.69, up 21% compared to $0.57 last year. On a GAAP basis, the company reported net earnings of $171.7 million, up 12% from net earnings of $153.3 million a year earlier. Diluted earnings per share were $0.64 this year compared to $0.57 per share last year. Sales were $2.4 billion, up 7% from the same period in fiscal 2014. Operating income was $265.966 million compared with $237.192 million for the same period last year. Earnings before income taxes were $264.037 million compared with $235.271 million for the same period last year. Net cash provided by operating activities was $246.502 million compared with $314.292 million for the same period last year. Net purchases of property/equipment were $17.743 million compared with $32.760 million for the same period last year. Adjusted earnings before income taxes were $283.397 million. Due to the company’s strong performance in the first quarter, the company raises 2015 non-GAAP adjusted earnings guidance range from $2.45 to $2.55 per share to $2.50 to $2.60. The company expects the effective tax rate to be between 34% and 35% for fiscal year 2015. Capital expenditures to be approximately $175 million to $190 million. Depreciation and amortization to be approximately $125 million in fiscal 2015.

Hormel Foods Reportedly To Acquire Applegate Farms

According to people familiar with the matter, Hormel Foods Corporation (NYSE:HRL) has entered into late-stage talks to purchase Applegate Organic and Natural Meat. A deal could be entered into by next week which will reportedly value Applegate between $600 million and $1 billion. Applegate could not be reached for comments and representative from Hormel declined to comment.

Hormel Foods Corporation to Report Q1, 2015 Results on Feb 19, 2015

Hormel Foods Corporation announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Feb 19, 2015

 

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Industry Analysis

HRL

Industry Average

Valuation HRL Industry Range
Price/Earnings 25.5x
Price/Sales 1.6x
Price/Book 4.1x
Price/Cash Flow 24.8x
TEV/Sales 1.5x
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