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News Breaks
January 3, 2013
07:31 EDTUL, UN, HRLHormel Foods to acquire Skippy peanut butter business from Unilever for $700M
Hormel Foods (HRL) has entered into a definitive agreement to acquire the Skippy peanut butter business from Unilever United States (UN, UL) of Englewood Cliffs, N.J. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the United States and other jurisdictions. Total annual sales are expected to be approximately $370M, with nearly $100M of those sales outside the United States. The purchase price is approximately $700M. Hormel Foods expects this acquisition to be modestly accretive in FY13. Full year accretion in FY14 is expected to be between 13c-17c per share.
News For HRL;UN;UL From The Last 14 Days
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November 25, 2014
16:28 EDTHRLOn The Fly: Closing Wrap
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12:19 EDTHRLOn The Fly: Midday Wrap
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06:33 EDTHRLHormel Foods sees FY15 non-GAAP EPS $2.45-$2.55, consensus $2.59
The EPS excludes non-recurring charges of 4c-6c to be incurred in early FY15 as a result of the potential exit from business in Vietnam and the closure of Stockton, California Grocery Products manufacturing facility.
06:32 EDTHRLHormel Foods expects to exceed 10% earnings growth in FY15, consensus $2.59
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06:32 EDTHRLHormel Foods increases dividend 25%
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06:30 EDTHRLHormel Foods reports Q4 EPS 63c, consensus 64c
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November 24, 2014
15:20 EDTHRLNotable companies reporting before tomorrow's open
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13:55 EDTHRLHormel Foods technical notes before earnings
The shares are trading close to their life high ahead of earnings. A key level to watch on strong news therefore is the high at $55.40. If the news is more bullish than already bullish expectations suggest, a run above the life high would likely lead to a test at common option strike prices such at $57.50 and $60. If the news is a disappointment the first important test of support would come at the 50-day moving average, last at $52.48. A breakdown below that moving average would break the uptrend support line. Next support below of significance would be at $49.62. A break of the moving average would be a sell signal in many technical trading systems and thus potentially longer-term bearish for price.
10:06 EDTHRLHormel Foods December volatility increases into Q4 and outlook
Hormel Foods December call option implied volatility is at 26, January is at 24, March is at 19; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on November 25.
November 21, 2014
10:01 EDTHRLOn The Fly: Analyst Initiation Summary
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08:23 EDTHRLHormel Foods December volatility increases into Q4 and outlook
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07:26 EDTHRLHormel Foods initiated with a Hold at Deutsche Bank
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November 17, 2014
10:29 EDTHRLTyson advances after profit beats expectations
Shares of meat producer Tyson Foods (TSN) are climbing after the company reported higher than expected profits and roughly in-line revenue. The company also made optimistic comments about the outlook for its meat products. WHAT'S NEW: Tyson reported fourth quarter earnings per share, excluding some items, of 87c, versus analysts' consensus estimate of 76c. The company's Q4 revenue of $10.11B was roughly in-line with expectations. Tyson provided fiscal 2015 EPS guidance of $3.30-$3.40, versus the consensus outlook of $3.33. However, the meat producer's fiscal 2015 revenue guidance came in at $42B, compared with the consensus outlook of $42.51B. Tyson expects its chicken segment to generate a 7%-9% return on sales over the long-term, but a return on sales of more than 10% in fiscal 2015. Hillshire Brands, which was acquired by Tyson earlier this year, should generate revenue synergies of $4B in fiscal 2015, added Tyson. Meanwhile, demand for beef is "very strong," and pork margins should be good in 2015, the meat producer stated. PRICE ACTION: In late morning trading, Tyson gained 4% to $42.34. Other meat producers also advanced, with Sanderson Farms (SAFM) rising 0.5% to $84.17 and Hormel Foods (HRL) gaining 0.6% to $54.84.

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