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Hormel Foods

NYSE: HRL

Stock price

19.42 USD

(-53.42%) 5 years

Packaged Foods & MeatsPackaged Foods

Financial Performance

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5Y price score: (69)

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: (23.6)%

DATE RANGE:

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  • Free cash flow per share

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19.3

52-week range

26.6

19.42

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Required return / cost of capital
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FCFF terminal growth rate
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Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

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Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

7.3 %

Dividend Yield TTM

6 %

Market cap $

$ 10,687

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

30.8

Price / Book TTM

1.4

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

(0.8)

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

(13.9) %

(40.4) %

(23.6) %

Free cash flow per share growth

103.8 %

(30.2) %

(39.4) %

Earnings per share growth

(66.7) %

(47.6) %

(31.5) %

Founded: 1,891

Employees: 20,000

Business Summary:Hormel Foods Corporation is a prominent global food company that specializes in the creation, preparation, and supply of a diverse array of meat, nut, and other culinary items. Its extensive clientele spans retail outlets, institutional food providers (foodservice), specialty delis, and various commercial enterprises across the United States and internationally. The company's operations are strategically structured into four main divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. Hormel's product portfolio is broad, encompassing numerous perishable goods such as fresh meats, frozen food selections, convenient refrigerated meal options, a variety of sausages, hams, guacamole, and bacon. Additionally, it offers a wide range of non-perishable items, including canned luncheon meats, various nut butters, snack nuts, chili, microwave-ready meals, hashes, stews, tortillas, salsas, and tortilla chips. Beyond these offerings, Hormel Foods is also actively involved in the processing, promotion, and distribution of both branded and unbranded products derived from pork, beef, poultry, and turkey. The company further supplies nutritional food items and supplements, dessert and beverage mixes, and industrial-grade gelatin. Its extensive product line is marketed under numerous widely recognized brand names, including SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Wholly, Planters, NUT-rition, Planters Cheez Balls, and Corn Nuts. These products reach consumers through a multi-channel distribution network, utilizing internal sales teams, independent brokers, and various distributors. Founded in 1891 as Geo. A. Hormel & Company, the organization was officially rebranded as Hormel Foods Corporation in January 1995. Its corporate headquarters are located in Austin, Minnesota.

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Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q3 (Aug 27, 2026)

1) Strategy & Leadership Changes - Hormel Foods is focused on three strategic priorities: strengthening execution, improving profitability, and fostering collaboration across the enterprise. - Jeff Ettinger announced his departure as Interim CEO, with John Ghingo appointed as the new CEO. Ettinger emphasized the strong partnership developed with Ghingo. - Ghingo highlighted the company's strengths, including a robust portfolio of brands and a commitment to enhancing operational efficiency and resource allocation.

2) Financial & Segment Results - Q3 adjusted earnings per share increased by 6% YoY, reaching $0.37. - Organic net sales declined by 2% YoY, attributed to portfolio shaping actions, softer commodity markets, and a challenging consumer environment. - Foodservice segment achieved its 12th consecutive quarter of organic net sales growth, driven by strong demand for premium prepared proteins and branded pepperoni. - Retail segment faced challenges with volume declines, particularly due to the divestiture of the whole-bird turkey business and pricing elasticity impacts.

Metric Q3 2026 Q3 2025 YoY Change
Adjusted EPS $0.37 $0.35 +6%
Organic Net Sales Growth -2% +1% N/A
Foodservice Organic Growth +X% +Y% N/A
Retail Volume Decline -High single-digit N/A N/A

3) Problems / Headwinds - The company is navigating a pressured consumer environment, with consumers prioritizing value and experiencing low sentiment due to inflation and high fuel prices. - Volume declines in retail were more significant than expected, influenced by pricing strategies and the exit from certain product lines. - International segment results were impacted by a legal entity transition affecting SPAM export sales and the divestiture of Brazil operations.

4) Operational or Product Plans - Hormel is focusing on enhancing its protein-centric offerings and improving marketing strategies, particularly in digital and e-commerce. - The company is committed to improving supply chain capabilities despite facing challenges such as elevated logistics costs and inventory rebalancing. - Ghingo emphasized the importance of aligning resources towards higher growth opportunities and simplifying operations.

5) Guidance & Outlook / Investor Angle - Hormel raised its fiscal 2026 adjusted earnings outlook to a range of $1.45 to $1.51, reflecting confidence in achieving growth consistent with long-term objectives. - The company narrowed its organic net sales growth expectation to 1% to 2%, indicating a cautious outlook based on current market conditions. - Investors should note the potential for improved margins as lower commodity prices begin to impact the bottom line, although the consumer environment remains uncertain.

Bottom line: Hormel Foods is positioned for steady growth despite current challenges, with a strong focus on operational efficiency and strategic leadership changes. The raised earnings guidance reflects confidence in navigating the evolving market landscape, making it a potentially attractive investment for shareholders.

Annual Reports, Presentations And IR Contacts

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Hormel Foods — Financial Overview, Stock Price, Market Cap

Hormel Foods is a company. Founded in 1891. As of October 9, 2026, the company's market capitalization is $10687117300 with a current stock price of $19.42.