News Breaks |
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| August 26, 2012 |
| 23:54 EDT |  | HRL | Hormel's CEO focus on personnel has paid off for the company, Barron's says
Hormel (HRL) CEO Jeffrey Ettinger has expanded the company’s high-margin grocery business and built a bulkhead in Mexican foods, Barron's reports. His initiatives have paid off handsomely, resulting in a 50% jump in revenue, to $8B in the fiscal year ended last October, and a 90% increase in EPS, to $1.74, in the same six-year span. Hormel also has been a tasty treat for investors. Its shares have returned 10.6% since 2005, vs 8.8% for the S&P's 500 Packaged Foods Index and 3.7% for the broader S&P 500. This year, however, the stock is down about 2%, to $28.82, as rising commodities prices have pressured profit margins. The company reported strong FQ3 earnings, but gross profit margins contracted slightly. Reference Link |
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News For HRL From The Last 14 Days Check below for free stories on HRL the last two weeks. |
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| June 18, 2013 |
| 16:22 EDT |  | HRL | On The Fly: Closing Wrap
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| 12:21 EDT | | HRL | On The Fly: Midday Wrap
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| 11:47 EDT |  | HRL | Hormel Foods falls after lowering profit outlook
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| 09:38 EDT |  | HRL | Hormel Foods drops after cutting outlook, levels to watch
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| 08:52 EDT | | HRL | On The Fly: Pre-market Movers
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| 08:02 EDT |  | HRL | Hormel Foods lowers FY13 EPS view to $1.88-$1.96 from $1.93-$2.03
Consensus $1.99. The company said, "Lower than expected results in our pork operations, higher input costs and softer sales of our retail products in our Refrigerated Foods segment are the primary reason for the expected shortfall in our second half results." |
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| June 14, 2013 |
| 10:10 EDT |  | HRL | On The Fly: Analyst Upgrade Summary
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| 06:40 EDT | | HRL | Hormel Foods upgraded to Buy from Hold at KeyBanc
KeyBanc upgraded Hormel Foods citing increased confidence in organic growth initiatives following a series of management meetings. The analyst said management has a good track record of generating consistent returns and successfully integrating acquisitions and expects further M&A initiative given its strong balance sheet. Price target is $48. |
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