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Hormel Foods Corp (HRL.N)

HRL.N on New York Stock Exchange

38.64USD
17 Aug 2018
Change (% chg)

$0.81 (+2.14%)
Prev Close
$37.83
Open
$37.78
Day's High
$38.65
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$37.43
Volume
795,929
Avg. Vol
655,029
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$38.65
52-wk Low
$29.75

Latest Key Developments (Source: Significant Developments)

Hormel Foods Sells Fremont, Nebraska Processing Facility To Wholestone Farms
Thursday, 16 Aug 2018 

Aug 16 (Reuters) - Hormel Foods Corp ::HORMEL FOODS CORPORATION AND WHOLESTONE FARMS ANNOUNCE THE SALE OF FREMONT, NEB., PROCESSING FACILITY TO WHOLESTONE FARMS, LLC.HORMEL FOODS CORP - TRANSACTION INCLUDES A PROCESSING FACILITY AND A MULTIYEAR AGREEMENT TO SUPPLY PORK RAW MATERIALS TO HORMEL FOODS.HORMEL FOODS CORP - FREMONT PLANT MANAGEMENT TEAM AND WORKFORCE WILL REMAIN IN PLACE.  Full Article

Hormel Foods CEO James Snee's FY 2017 Total Compensation Was $6.3 Mln Vs $3.5 Mln In FY 2016
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Hormel Foods Corp ::HORMEL FOODS CORP SAYS CEO JAMES SNEE'S FY 2017 TOTAL COMPENSATION WAS $6.3 MILLION VERSUS $3.5 MILLION IN FY 2016 - SEC FILING.  Full Article

Hormel Foods Closes Columbus Manufacturing Deal, Raises Fiscal 2018 Outlook
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Hormel Foods Corp ::HORMEL FOODS ANNOUNCES CLOSING OF ACQUISITION OF COLUMBUS MANUFACTURING INC, MAKER OF COLUMBUS CRAFT MEATS.‍INCREASING ITS FISCAL 2018 NET SALES GUIDANCE TO $9.7 - $10.1 BILLION​.‍INCREASING ITS EARNINGS PER SHARE GUIDANCE TO $1.62 - $1.72 PER SHARE FOR FISCAL 2018​.FY2018 EARNINGS PER SHARE VIEW $1.64, REVENUE VIEW $9.76 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Hormel Foods announces merger of its Grocery Products and Specialty Foods segments
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Hormel Foods Corp :Hormel Foods announces the strategic merger of its Grocery Products and Specialty Foods segments.Hormel Foods - ‍specialty Foods segment been merged into Grocery Products segment,will continue to be led by Luis Marconi, group VP, Grocery Products​.  Full Article

Hormel Foods reports Q4 ‍diluted EPS of $0.41​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Hormel Foods Corp ::Q4 revenue $2.5 billion.Hormel foods announces full year and fourth quarter results and provides guidance for fiscal 2018.Q4 revenue view $2.42 billion -- Thomson Reuters I/B/E/S.Hormel foods corp qtrly ‍diluted eps of $0.41​.Hormel foods corp - sees ‍fiscal 2018 net sales guidance $9.40 billion - $9.80​ billion.Hormel foods corp - sees ‍fiscal 2018 earnings per share guidance $1.60 - $1.70​.Hormel foods corp qtrly ‍ specialty foods volume down 8%; organic volume down 1%​.Hormel foods corp qtrly ‍ specialty foods net sales down 9%; organic net sales down 2%​.Hormel foods corp - qtrly ‍grocery products volume down 4%, organic volume up 4%​.Hormel foods corp qtrly ‍jennie-o turkey store volume down 7%; organic volume flat​.Hormel foods corp - qtrly ‍grocery products net sales down 1%, organic net sales up 7%​.Hormel foods corp qtrly ‍jennie-o turkey store net sales down 10%; organic net sales down 4%​.Hormel foods corp - ‍qtrly refrigerated foods volume down 17% , organic volume up 1%​.Hormel foods corp - ‍qtrly refrigerated foods​ net sales down 6% , organic net sales up 8%.Hormel foods - ‍fiscal 2018 net sales and eps guidance exclude pending acquisition of columbus craft meats, which is expected to close in december​.Hormel foods corp - ‍columbus craft meats transaction is expected to be 2-3 cents per share accretive to earnings in fiscal 2018​.  Full Article

Hormel Foods announces increase to annual dividend
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Hormel Foods Corp ::Hormel Foods announces 52nd consecutive increase to annual dividend.Hormel Foods Corp - ‍annual dividend on common stock of Corporation was raised to $0.75 per share from $0.68 per share​.Hormel Foods Corp - ‍board of directors authorized first quarterly dividend of eighteen and three fourths cents a share to be paid on Feb. 15, 2018​.  Full Article

Hormel Foods recommends stockholders reject unsolicited below-market price mini-tender
Wednesday, 28 Sep 2016 

Hormel Foods : Says "recommends that stockholders do not tender their shares because offer price is below company's current share price" . Recommends stockholders reject unsolicited below-market price mini-tender offer by Trc Capital Corporation .Received notice of mini-tender offer made by Trc Capital to stockholders to buy up to 3 million shares of Co at a price of $36.25 per share.  Full Article

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