Hormel Foods
Branded meats, snacks and pantry foods sold across retail, foodservice and international channels.
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Profile
Processes and markets branded meats, nuts, peanut butter and Mexican foods through U.S. retail and foodservice channels, plus a smaller international business. Revenue depends on portfolio brands including Planters, SPAM, Jennie-O, Skippy and Applegate, supported by owned plants, co-manufacturers and outside commodity suppliers.
Processes and markets branded meat, nuts and other foods through Retail, Foodservice and International segments. The portfolio spans Planters and Corn Nuts snacks, SPAM shelf-stable meats, Skippy peanut butter, Jennie-O turkey, Applegate prepared meats, Wholly and other Mexican foods, plus Hormel bacon, pepperoni and operator-focused Fontanini products. Sales are centered in U.S. retail and food-away-from-home channels, with a smaller international business built from exports, licensing, operations and minority investments.
Competes through brand management, product development, direct customer relationships and foodservice solutions. Recent sales of the whole-bird turkey and Ceratti Brazilian businesses sharpened the focus on value-added products while retaining Jennie-O. Manufacturing depends on owned plants and co-manufacturers; key inputs include pork, turkey, beef, chicken and nuts, with exposure to commodity costs, livestock disease, food-safety rules, major retailers and outside suppliers.
Company facts
Categories
Key statistics
Year to date −7.8% · Average volume (30d) 4.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Stephens | Target | $22 | $23 | ||
| Aug 14, 2026 | Coker Palmer | Target | $28 | $26 | ||
| May 21, 2026 | Goldman Sachs | Target | $27 | $25 | ||
| May 21, 2026 | Stephens | Target | $25 | $22 | ||
| Apr 9, 2026 | JP Morgan | Downgrade | Overweight | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 27, 2026Q3 FY26 | $0.35 | $0.37 | +4.5% | $3.03B | $2.96B | −2.4% | −10.25% |
| May 28, 2026Q2 FY26 | $0.35 | $0.40 | +12.9% | $2.96B | $2.97B | +0.3% | −1.53% |
| Feb 26, 2026Q1 FY26 | $0.32 | $0.34 | +6.3% | $3.07B | $3.03B | −1.3% | +3.14% |
| Dec 4, 2025Q4 FY25 | $0.30 | $0.32 | +6.1% | $3.22B | $3.19B | −1.2% | +0.75% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.90B | $3.03B | $3.19B | $3.03B | $2.97B | $2.96B | |
| Gross profit | $484.4M | $487.3M | $444.8M | $469.6M | $518.5M | $471.5M | |
| Operating income | $248.4M | $239.7M | $2.2M | $243.7M | $217.1M | $110.9M | |
| Net income | $180.0M | $183.7M | −$56.1M | $181.7M | $157.5M | $59.6M | |
| Diluted EPS | $0.33 | $0.33 | −$0.10 | $0.33 | $0.29 | $0.11 | |
| Gross margin | 16.7% | 16.1% | 14.0% | 15.5% | 17.4% | 15.9% | |
| Operating margin | 8.6% | 7.9% | 0.1% | 8.0% | 7.3% | 3.7% |
Fiscal years (4-quarter sums)FY21 $11.39B · FY22 $12.46B · FY23 $12.11B · FY24 $11.92B · FY25 $12.11B
Revenue by product · Q3 FY26
Revenue by geography · FY25
Balance sheet, Jul 26, 2026Cash & short-term investments $868.4M · Total debt $2.86B · Total assets $13.29B · Shareholders' equity $7.84B
Dividends
Raised for 38 straight years — most recently to $0.2925 from $0.29 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 13, 2026 | Jul 13 | Aug 17 | $0.2925 | |
| Apr 13, 2026 | Apr 13 | May 15 | $0.2925 | |
| Jan 12, 2026 | Jan 12 | Feb 17 | $0.2925 | raised from $0.29 |
| Oct 14, 2025 | Oct 14 | Nov 17 | $0.29 | |
| Jul 14, 2025 | Jul 14 | Aug 15 | $0.29 | |
| Apr 14, 2025 | Apr 14 | May 15 | $0.29 | |
| Jan 13, 2025 | Jan 13 | Feb 18 | $0.29 | raised from $0.2825 |
| Oct 15, 2024 | Oct 15 | Nov 15 | $0.2825 |
Ownership
Shares outstanding 550.32M · Float 290.59M · 52.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| State Street Corp | 25.87M | 4.70% | 13F | Aug 7, 2026 |
| BlackRock, Inc. | 19.71M | 3.58% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 19.39M | 3.52% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 15.17M | 2.76% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 14.80M | 2.69% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 8, 2026 | Gary C. Bhojwani | director | −20,200 | $24.51 |
| Dec 11, 2025 | Elsa A. Murano | director | −13,400 | $24.00 |
Peers
- Tyson Foods
Multi-protein and prepared-food scale across retail and foodservice
- JBS
Global beef, pork, poultry, and branded protein scale
- Kraft Heinz
Oscar Mayer, Lunchables, meats, meals, and snacking overlap
- Conagra Brands
Meat snacks, frozen foods, and foodservice overlap
- Pilgrim's Pride
Poultry and prepared foods in retail and foodservice
- J.M. Smucker
Jif and Uncrustables pressure Skippy, Justin's, and spreads
- Campbell's
Meals, snacks, Mexican sauces, and canned poultry adjacency
- General Mills
Foodservice, Mexican foods, and hot-snack adjacency
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hormel Foods | $21.55 | −0.07% | $11.86B | 34.2 | 13.8 | 1.0 | −2.4% |
| Tyson Foods | $55.46 | +0.09% | $19.64B | 34.0 | 12.6 | 0.4 | −0.1% |
| JBS | $13.48 | −0.74% | $30.14B | 11.4 | 15.8 | 0.4 | +9.1% |
| Kraft Heinz | $25.72 | +0.13% | $30.47B | — | 12.9 | 1.2 | −1.4% |
| Conagra Brands | $16.05 | −0.22% | $7.70B | — | 10.7 | 0.7 | +3.6% |
| Pilgrim's Pride | $31.69 | −0.03% | $7.54B | 13.8 | 12.1 | 0.4 | −2.8% |
| J.M. Smucker | $132.34 | −0.00% | $14.14B | 61.8 | 13.0 | 1.5 | +5.0% |
| Campbell's | $23.49 | +0.43% | $6.98B | 11.5 | 12.5 | 0.7 | −4.4% |
| General Mills | $41.13 | −1.02% | $22.18B | — | 13.7 | 1.2 | +1.2% |
| Median | 13.8 | 12.7 | 0.7 | +0.5% |