Core Insights - Hormel Foods (HRL) is expected to report quarterly earnings of $0.43 per share, reflecting a 2.4% increase year-over-year, while revenues are forecasted at $3.14 billion, indicating a 1.9% decrease compared to the previous year [1] Earnings Projections - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [2] Analyst Forecasts - Analysts predict 'Net Sales- Retail' to be $1.88 billion, a decrease of 5.1% from the prior-year quarter [4] - 'Net Sales- International' is expected to reach $186.15 million, reflecting a 2% increase year-over-year [4] - 'Net Sales- Foodservice' is forecasted at $1.08 billion, indicating a 5% increase compared to the previous year [4] Segment Profit Estimates - 'Segment Profit- Foodservice' is anticipated to be $171.19 million, up from $167.57 million in the same quarter last year [5] - 'Segment Profit- International' is expected to reach $21.05 million, compared to $9.51 million reported in the same quarter last year [5] - 'Segment Profit- Retail' is projected at $137.27 million, an increase from $118.66 million in the prior year [6] Stock Performance - Over the past month, Hormel shares have returned +4.3%, outperforming the Zacks S&P 500 composite's +3.8% change, with a Zacks Rank of 3 (Hold), suggesting performance in line with the overall market [7]

Core Insights - Hormel Foods Corporation (HRL) has announced a 3% increase in its annual dividend, marking the 59th consecutive annual dividend increase, raising the annualized rate from $1.13 to $1.16 per share [1] - The company will distribute a quarterly dividend of 29 cents per share on February 18, 2025, to shareholders of record as of January 13, 2025, representing HRL's 386th consecutive quarterly dividend payment [2] - Hormel Foods has a dividend payout ratio of 71.5%, a dividend yield of 3.6%, and a free cash flow yield of 5.2%, indicating a sustainable increase in dividends supported by a 7.4% annual free cash flow return on investment [3] Financial Performance - Year-to-date cash flow from operations for Hormel Foods totaled $858 million as of the third quarter of fiscal 2024, with a focus on consistent dividend growth and reinvestment in business operations [5] - The company's strategic initiatives, particularly the Transform and Modernize initiative, have begun to yield results in production efficiency and inventory management, unlocking additional production capacity and achieving cost savings [6][7] Market Position - Hormel Foods has experienced strong demand in its food service segment, achieving its fifth consecutive quarter of year-over-year volume growth, driven by longstanding relationships and an innovative product portfolio [8] - Despite facing challenges in the turkey commodity market and production disruptions at its Planters facility, the company remains committed to innovation and strategic acquisitions to bolster its market position [9][11] Stock Performance - HRL shares have declined by 2.8% over the past three months, contrasting with the industry's growth of 1.0% [10]

I prefer to use the term "frugal," but in reality I'm just cheap. That's a core aspect of my life and my investment philosophy. I just don't like overpaying for anything. That's why, if I could buy only three stocks as 2024 comes to a close, they'd be PepsiCo (PEP 0.54%), Hormel Foods (HRL 0.85%), and Hershey (HSY 0.58%). Here's a quick look at all three of these attractive dividend stocks.PepsiCo is the one I don't already ownPepsiCo has increased its dividend annually for over five decades, making it a Di ...

You usually don't find great companies executing at the top of their game that also happen to be on sale. Stocks that are on sale are more commonly fallen angels, which are great companies that are facing some near-term hardship. From an investment point of view, the goal is to buy the fallen angels that seem likely to earn their wings again.That is the backstory behind Hormel Foods (HRL -3.95%) right now.The reasons to like HormelIf you are looking for a dividend growth stock the very first thing to consid ...

To date, the Hormel Heroes Scholarship Program has provided $180,000 to 13 students, a group that now includes this year's winners: Vergie Terrell and Jorge Mendez. "Hormel Foods is proud to support our military members in their career journeys," said Mark Ourada, group vice president of Foodservice at Hormel Foods. "These scholarships are our way of showing appreciation for those who have served our nation and are now pursuing careers in the foodservice industry. Congratulations to our 2024 scholarship rec ...

AUSTIN, Minn., Nov. 8, 2024  /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, invites interested parties to participate in a webcast and conference call with Jim Snee, chairman of the board, president and chief executive officer; Jacinth Smiley, executive vice president and chief financial officer; John Ghingo, executive vice president, Retail; and Nathan Annis vice president, corporate development; to discuss the Company's fourth quarter financial results, fu ...

AUSTIN, Minn., Nov. 7, 2024 /PRNewswire/ -- Hormel Foods Corporation, a Fortune 500 global branded food company, today announced it has been named on Military Times' 2024 Best for Vets employer list for the 12th consecutive year. Military Times evaluates company efforts to recruit, retain and support current and former service members, military spouses and military caregivers. 2024 Best For Vets Logo "We are honored to be recognized for the 12th year in a row as a Best for Vets employer," said Richard ...

AUSTIN, Minn., Oct. 24, 2024 /PRNewswire/ -- Hormel Foods Corporation, a Fortune 500 global branded food company, announced today that it was once again recognized by Vault as having one of the top 150 internship programs in the country. The company's award-winning summer internship program was recognized in the categories of Best Internships for Engineering; as well as Sales, Marketing and Communications.Vault 2025 Top Ranked Internship logoHormel Foods Corporation, a Fortune 500 global branded food compan ...

For a limited time, enjoy the boldly irresistible taste of HORMEL® Pepperoni in a fun, new shape AUSTIN, Minn., Oct. 10, 2024 /PRNewswire/ -- The makers of HORMEL® Pepperoni are excited to announce the launch of HORMEL® Pepperoni Confetti — a bold, innovative shape that brings even more irresistible flavor to your favorite dishes. This limited-time product is set to revolutionize pizza night and elevate snacks for every occasion. HORMEL® Pepperoni Confetti stands out with its unique ribbon shape, designed f ...

The latest holiday flavor is joined by a new holiday campaign, returning seasonal favorites, and a chance for fans to win $1,000 for both themselves and a charity of their choosing AUSTIN, Minn., Oct. 9, 2024 /PRNewswire/ -- 'Tis the season for snacking, and the makers of the PLANTERS® brand know a thing or two about the importance of the right mix of snacks for enjoying a flavorful holiday with friends and loved ones. This year, they're ushering in the start of the holiday season with a new, limited-editio ...