Hormel Foods CorporationNYSE: HRL
Consumer Staples · Packaged Foods & Meats
$21.36
-0.54%
Vol: 2.4M
Research Digest
Friday, May 1, 2026
No significant overnight updates
No material news in the last 48 hours. Stock down 24.4% YoY amid supply chain challenges and DOJ antitrust probe on beef pricing affecting meatpackers. Company appointed Will Bonifant as Chief Supply Chain Officer; focusing on higher-margin products post-turkey business sale. Analyst consensus Hold with PT $26.57. Dividend of $0.2925 paid March 23.
Previous Market Intelligence
13 daysApr 30Hormel faces DOJ antitrust investigation; company selling turkey business and appointing new supply chain officerNegative▶
Hormel Foods Corporation is undergoing a strategic transformation with the sale of its whole-bird turkey business to Life-Science Innovations and appointment of Will Bonifant as Chief Supply Chain Officer. The DOJ antitrust division launched a criminal investigation into meatpackers including Hormel on April 20, 2026. Analysts reduced price target from $27 to $25 citing near-term margin pressures. The company declared a quarterly dividend of $0.2825 per share. HRL stock trades at $20.97 with significant weakness, down 44.5% from intrinsic value and trading within a wide falling trend. FY2026 EPS expected at $1.42 (+3.7% YoY).
Apr 16JPMorgan downgraded Hormel Foods to Neutral citing margin pressures; Q1 2026 sales 2% organic growthMixed▶
Hormel Foods (HRL) reported Q1 2026 net sales of approximately $3 billion, reflecting 2% organic net sales growth versus Q1 2025. However, JPMorgan downgraded the stock to Neutral from Overweight on April 9, 2026, citing rising margin pressure from higher freight costs. The company missed quarterly sales estimates as U.S. consumers shift toward cheaper alternatives. Hormel announced a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations and appointed Will Bonifant as Chief Supply Chain Officer.
Apr 15JPMorgan downgrades Hormel to Neutral from Overweight as company faces consumer shift to cheaper products despite raised earnings guidance.Negative▶
JPMorgan downgraded Hormel Foods to Neutral from Overweight on April 6, cutting price target from $28 to $23, citing weakening fundamentals. The company declared its 391st consecutive quarterly dividend of $0.2925 per share payable May 15, 2026. Hormel raised full-year 2026 earnings guidance to $1.37-$1.46 EPS despite reaffirming net sales guidance of $12.2-$12.5 billion. U.S. consumers shift toward cheaper alternatives amid economic uncertainty.
Apr 14Hormel Foods missed Q1 FY26 sales estimates; JPMorgan downgraded to Neutral with $23 price target citing freight cost pressures.Negative▶
Hormel Foods reported mixed Q1 FY26 results missing quarterly sales estimates. JPMorgan downgraded HRL from Overweight to Neutral on April 9, lowering price target from $28 to $23. Appointed Will Bonifant as Chief Supply Chain Officer. Declared quarterly dividend of $0.2925. Stock down 23.9% over 1-year.
Apr 13JPMorgan downgrades Hormel Foods to Neutral; company reports Q1 EPS beat but misses revenue guidance.Negative▶
Hormel Foods reported Q1 2026 EPS of $0.34, exceeding analyst estimates of $0.32, but revenue of $3.03 billion fell short of expected $3.07 billion. JPMorgan downgraded the stock from Overweight to Neutral with a price target of $23, citing consumer shift toward cheaper alternatives.
Apr 10Hormel Foods downgraded by JPMorgan on April 9 to Neutral; stock at 52-week low of $21.04 amid margin pressures.Negative▶
JPMorgan downgraded Hormel Foods to Neutral from Overweight on April 9, lowering price target to $23.00 from $28.00, citing margin headwinds and freight cost inflation. Stock hit 52-week low of $21.04, down 24% over the past year. Q1 fiscal 2026 earnings beat on EPS ($0.34 vs. $0.32) but missed revenue ($3.03B vs. $3.07B). Appointed Will Bonifant as Chief Supply Chain Officer.
Apr 9Hormel completes o9 Solutions AI platform integration; sells turkey business to Life-Science Innovations.Neutral▶
Hormel completed integration of o9 Solutions AI demand/supply planning platform across 70+ dry and refrigerated network sites (March 2026). Will Bonifant appointed Chief Supply Chain Officer. Company announced definitive agreement to sell whole-bird turkey business to Life-Science Innovations, shifting toward value-added proteins. Hormel and Forward Consumer Partners established Justins as standalone. Recognition: 24th time named to Selling Powers 60 Best Companies to Sell For. Stock $21.45 with 5.3% dividend yield, down 29.30% annually. Analyst consensus Buy with $27.33 target (+23.72% upside).
Apr 8Hormel Foods declared 29.25-cent quarterly dividend and completed integration of o9 Solutions' AI-powered demand/supply planning platform.Positive▶
Hormel Foods Board declared quarterly dividend of 29.25 cents per share, payable May 15, marking 391st consecutive quarterly payout dating to 1928. Completed integration of o9 Solutions AI-powered demand and supply planning across more facilities. Q1 FY2026 adjusted diluted EPS of $0.34 supported by fifth consecutive quarter organic sales growth. Retail segment profit down 19%, but Foodservice and International strong. Announced sale of whole-bird turkey business to Life-Science Innovations, closing by end Q2 FY2026. Stock at $21.45 with 5.3% dividend yield. According to 6 analysts, average Buy with target of $27.33 (+23.72% upside).
Apr 7No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 6Hormel appointed first CTO Donald Monk; mixed Q1 FY26 results.Neutral▶
Hormel Foods appointed Donald Monk as first chief technology officer effective March 23. Reported mixed Q1 FY26 results with 4% foodservice segment sales increase but facing input cost inflation. Previously appointed Will Bonifant as Chief Supply Chain Officer.
Apr 3Hormel declared quarterly dividend of $0.2925 per share; leadership transition announced for food safety chief.Positive▶
Hormel Foods declared its 391st consecutive quarterly dividend of $0.2925 per share, continuing 98 years of uninterrupted dividend payments. Richard Carlson, VP of global food safety, retires after 35 years; Jeremiah Johnson succeeds him May 1. Q1 FY26 adjusted EPS of $0.34 beat analyst estimates of $0.32. Management reaffirmed full-year guidance.
Apr 2Hormel Foods integrates AI-driven demand and supply planning across 70+ global sites; declares $0.2925/share quarterly dividend.Positive▶
Hormel Foods announced full integration of AI-powered demand and supply planning across more than 70 global sites in March 2026. The company appointed Domenic Borrelli as EVP of Retail and Jason Levine to newly created CMO role. Hormel agreed to sell whole-bird turkey business to Life-Science Innovations, shifting toward value-added proteins. Declared quarterly dividend of 29.25 cents per share (5.1% yield). Analyst consensus Buy with price target of $27.33 (18.47% upside).
Apr 1Hormel Foods declares 29.25-cent quarterly dividend; AI supply chain integration completed at 70+ global sites.Positive▶
Hormel announced quarterly dividend of $0.2925/share. Integrated AI-powered demand and supply planning via o9 Digital Brain across 70+ global sites. Q1 2026 delivered adjusted diluted EPS of $0.34 with fifth consecutive quarter of organic net sales growth.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| HRLHORMEL | $21.36 | -0.54% | -1.8% | 13.7x | 0.36 | $11.8B |
| MDLZMONDELEZ | $61.40 | -0.07% | +5.2% | 18.3x | 0.39 | $78.9B |
| HSYHERSHEY | $182.63 | -1.68% | -10.7% | 18.8x | 0.17 | $37.6B |
| KHCKRAFT | $22.53 | -0.60% | -3.9% | 10.6x | 0.05 | $26.8B |
| TSNTYSON | $63.84 | -0.36% | -0.7% | 14.6x | 0.43 | $22.6B |
| GISGENERAL | $34.83 | -1.37% | -6.3% | 10.7x | — | $18.8B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.