Inside the research
Hormel Foods Corporation
HRL Research profile · latest available data
Price overview
$19.71
▼ -0.13 (-0.7%)
| 52w hi | $26.20 |
|---|---|
| 52w lo | $19.51 |
| Vol | 4.42M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.45
| Short | -0.28 |
|---|---|
| Medium | -0.53 |
| Long | -0.64 |
computed 2026-09-27
Key fundamentals
Hormel Foods Corporation
Consumer Defensive · Packaged Foods
| Market cap | $10.85B |
|---|---|
| Enterprise value | $12.85B |
| Trailing P/E | 31.79x |
| Forward P/E | 12.69x |
| EV / EBITDA | 10.16x |
| P / S (ttm) | 0.89x |
| Profit margin | 2.8% |
| Return on equity | 4.3% |
| Revenue growth | -2.4% |
| Earnings growth | -67.2% |
| Debt / equity | 36.33 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.03 | |
| Sector | -0.01 | |
| Technical | -0.29 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Hormel Foods Corporation develops, processes, and distributes various meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International. The company provides perishable products, including fresh meats, frozen items, refrigerated meal solutions, bacon, sausages, hams, guacamole, and other items that require refrigeration, as well as shelf-stable products, such as canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, and other items that do not require refrigeration. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST N EASY, FIRE BRAISED, FONTANINI, HERDEZ, HORMEL GATHERINGS, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SQUARE TABLE, SPECIAL RECIPE, VALLEY FRESH, and WHOLLY brands through sales personnel, 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 headquartered in Austin, Minnesota.
Risk Metrics
| Beta vs SPX | 0.04 |
|---|---|
| Corr SPX | 0.02 |
| Annual vol | 26.9% |
| Annual ret | -20.2% |
| Sharpe | -0.75 |
| Max DD | -41.3% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $26.75 |
|---|---|
| High / Low | $30.00 / $23.00 |
| Median | $27.00 |
| Analysts | 8 |
| Strong Buy | 2 | |
|---|---|---|
| Buy | 1 | |
| Hold | 7 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-09 | JP Morgan | → Neutral |
| 2026-02-27 | Stephens & Co. | → Equal-Weight |
| 2026-02-11 | Stephens & Co. | → Equal-Weight |
| 2025-12-09 | Barclays | → Overweight |
| 2025-12-05 | Piper Sandler | → Neutral |
| 2025-12-05 | JP Morgan | → Overweight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-28 | Officer / Director Change | read |
| 2026-06-12 | Officer / Director Change, Exhibits | read |
| 2026-05-28 | Earnings Release, Exhibits | read |
| 2026-02-26 | Earnings Release, Exhibits | read |
| 2026-02-18 | Earnings Release, Exhibits | read |
| 2026-02-02 | Officer / Director Change, Shareholder Vote… | read |
| 2025-12-04 | Earnings Release, Exhibits | read |
| 2025-11-04 | Restructuring, Reg FD Disclosure… | read |
| 2025-10-29 | Earnings Release, Officer / Director Change… | read |
| 2025-08-28 | Earnings Release, Exhibits | read |
| 2025-06-23 | Officer / Director Change | read |
| 2025-05-29 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-08 | Bhojwani Gary C. | Sell | 20.20K | $495.16K | |
| 2026-06-09 | Bonifant William W. | GVP, Chief Supply Chain O | Grant | 5.73K | — |
| 2026-06-09 | Borrelli Domenic | EVP, Retail | Grant | 8.34K | — |
| 2026-04-27 | Aakre D Scott | Withheld for tax | 1.72K | $36.97K | |
| 2026-04-14 | Bonifant William W. | GVP, Chief Supply Chain O | Grant | 12.04K | — |
| 2026-03-31 | Schoneman Debbra L. | Grant | 1.33K | $30.19K | |
| 2026-03-31 | Bhojwani Gary C. | Grant | 2.67K | $60.37K | |
| 2026-03-31 | Newlands William A | Grant | 6.72K | $152.25K | |
| 2026-03-31 | White Steven Andrew | Grant | 2.67K | $60.37K | |
| 2026-03-31 | Policinski Christopher J. | Grant | 2.49K | $56.44K |
Flow & Concentration
| Insider 180d net | -$495.16K |
|---|---|
| Insider buys / sells | 0 / 1 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 99.6% |
| HHI | 6,495 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $642.03M | 25.87M |
| Capital Research / Capital World | $55.50M | 2.24M |
| Citadel Advisors | $41.96M | 1.69M |
| Millennium Management | $34.66M | 1.40M |
| AQR Capital Management | $25.95M | 1.05M |
| Fidelity / FMR LLC | $1.91M | 76.83K |
| Bridgewater Associates | $1.05M | 42.16K |
| T. Rowe Price Group | $10.90K | 439.02K |
As of 2026-06-30
Dividends
| Yield (TTM) | 4.44% |
|---|---|
| $ / share (TTM) | $0.88 |
| 5y CAGR | +4.5% |
Annual dividend per share
| 2021 | $0.98 |
|---|---|
| 2022 | $1.04 |
| 2023 | $1.10 |
| 2024 | $1.13 |
| 2025 | $1.16 |
| 2026 | $0.59 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $2.28B | -14.0% | |
| Gross profit | $1.89B | +3.7% | |
| Operating income | $718.60M | -2.6% | |
| Net income | $793.57M | +5.1% | |
| Cash from ops | $1.27B | +18.7% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $19.82 | $19.96 | $19.42 | $19.71 | 4.42M |
| Sep 24 | $20.09 | $20.21 | $19.69 | $19.84 | 3.96M |
| Sep 23 | $20.33 | $20.63 | $19.84 | $19.92 | 4.59M |
| Sep 22 | $20.67 | $20.72 | $20.30 | $20.33 | 3.55M |
| Sep 21 | $20.77 | $20.84 | $20.45 | $20.46 | 5.28M |
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