Hormel Foods CorporationNYSE: HRL
Consumer Staples · Packaged Foods & Meats
$24.66
+16.97%
Vol: 244K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Hormel Foods declared its 392nd consecutive quarterly dividend at $0.2925/share on May 18 ahead of Q2 fiscal 2026 earnings scheduled for May 28.Mixed▶
Hormel Foods Corporation's board on May 18, 2026 authorized a quarterly dividend of $0.2925 per share, payable August 17, 2026 — the company's 392nd consecutive quarterly payout. The dividend declaration comes ahead of the Q2 fiscal 2026 earnings release scheduled for May 28, 2026, which will feature interim CEO Jeff Ettinger, President John Ghingo and interim CFO Paul Kuehneman. The stock remains under pressure, with analysts cutting the average 12-month price target to $26 (from $26.50) and consensus shifting to Hold across 13 covering analysts (5 Buys, 8 Holds). Input cost inflation and limited pricing power are expected to pressure HRL's gross margins through 2026.
May 20Hormel Foods declared a $0.2925 quarterly dividend (392nd consecutive) and stock hit 52-week low of $19.72 ahead of May 28 Q2 earnings.Negative▶
Hormel Foods announced a regular quarterly dividend of $0.2925 per share on May 18, 2026, payable August 17 - the 392nd consecutive quarterly dividend. The stock fell 1.30% on May 15 to $19.74 and hit a 52-week low of $19.72, with technical analysis downgrading it from Hold to Sell. Hormel will release Q2 fiscal 2026 results before market open on May 28, 2026. The U.S. government is considering temporarily reducing tariffs on beef imports, which could benefit Hormel's input costs. Average analyst price target was cut to $26 (from $26.50), still implying ~30% upside, with consensus at Hold (5 Buys, 8 Holds).
May 19Hormel Foods stock trades near 52-week low at $20.11 ahead of May 28, 2026 earnings reportNegative▶
Hormel Foods stock traded between $19.71 and $20.23 on May 18, 2026, sitting near its 52-week low of $19.70 and reflecting a roughly 32% one-year decline. The company faces a federal antitrust lawsuit related to pork pricing alongside persistent commodity inflation and avian influenza pressures. BofA recently cut its price target to $23 from $27, maintaining a Neutral rating. Hormel will report fiscal Q2 2026 earnings on May 28, 2026, a key catalyst given ongoing margin and demand concerns. Recent corporate actions include a 392nd consecutive quarterly dividend of $0.2925 and continued restructuring after cutting 250 corporate/sales positions. Investor sentiment remains cautious heading into the print.
May 18Hormel Foods launched SPAM Dog hot dog on May 14 and hit 52-week low of $20.27 ahead of Q2 fiscal 2026 earnings on May 28, 2026.Negative▶
Hormel Foods launched SPAM Dog, a reimagined hot dog featuring SPAM, on May 14, 2026, targeting foodservice operators including restaurants, convenience stores and arenas this summer. Shares hit a 52-week low of $20.27 on May 11 amid a 1.32% daily decline, with the average analyst price target cut from $26.50 to $26 and consensus shifting to Hold (5 Buys, 8 Holds). The company will report fiscal Q2 2026 earnings before market open on May 28, with interim CEO Jeff Ettinger leading the call. Hormel paid its 391st consecutive quarterly dividend of $0.2925 per share on May 15. VP of global food safety Richard Carlson retired effective May 1 after 35 years, succeeded by Jeremiah Johnson.
May 15Hormel Foods hits 52-week low of $20.27 on May 11 ahead of fiscal Q2 earnings May 28; analyst PT cut to $25 from $27.Negative▶
Hormel Foods stock hit a 52-week low of $20.27 with a daily drop to $20.16 as of May 11, 2026. The company will release its fiscal 2026 second-quarter results on May 28, 2026, with interim CEO Jeff Ettinger, President John Ghingo, and interim CFO Paul Kuehneman on the call. Management maintains full-year guidance for 1-4% organic sales growth, 4-10% operating income growth, and EPS of $1.43-$1.51. The company has divested its volatile whole-bird turkey business to focus on higher-margin protein categories. Will Bonifant was appointed Chief Supply Chain Officer. The stock offers a 5.7% dividend yield. Analysts reduced price target to $25 from $27 citing near-term margin pressures, but the name is rated a cautious Buy as it appears closer to a turnaround.
May 14Hormel Foods hits 52-week low at $20.27 as potential beef tariff reductions emerge ahead of May 28 earningsMixed▶
Hormel Foods stock hit a 52-week low of $20.27 with a 1.32% daily drop to $20.16 on May 11, 2026, declining ~29.83% over the past year. On May 11, the government announced consideration of a temporary reduction of tariffs on beef imports, potentially benefiting Hormel by easing soaring beef prices. The company will release fiscal 2026 Q2 results before markets open on May 28, 2026 with interim CEO Jeff Ettinger and President John Ghingo on the call. Hormel completed the sale of its whole-bird turkey business to Life-Science Innovations on April 24, retaining the JENNIE-O brand and value-added turkey portfolio. The company is expanding the Herdez brand with a new Asada line. Dividend yield tops 5.7% amid brand restructuring. Risk centers on whether the Q2 print confirms the strategic pivot to higher-margin offerings.
May 13Hormel Foods could benefit from a potential U.S. temporary reduction of beef import tariffs, reported May 11, 2026, ahead of Q2 fiscal 2026 earnings due May 28.Positive▶
On May 11, 2026, reports surfaced that the U.S. government is considering a temporary reduction of tariffs on beef imports, potentially taking effect as early as Monday, aiming to ease soaring beef prices. Hormel Foods, which has significant exposure to beef inputs across its protein portfolio, would be a primary beneficiary of lower input costs and potentially improved gross margins. The tariff news comes ahead of Hormel's fiscal Q2 2026 earnings release scheduled for May 28, 2026. The company also recently divested its whole-bird turkey business to Life-Science Innovations while retaining the JENNIE-O value-added portfolio. Risks include execution on cost flow-through and continued pressure on its turkey segment. The stock trades around $20.93–$22.71, near multi-year lows.
May 12U.S. government weighed temporary beef-import tariff cuts on May 11, a potential margin tailwind for Hormel ahead of Q2 fiscal 2026 results on May 28.Positive▶
On May 11, the U.S. government signaled a temporary reduction of beef-import tariffs that could take effect as soon as next Monday to ease soaring beef prices, which would lower input costs for Hormel's protein-heavy portfolio. Hormel is scheduled to report Q2 fiscal 2026 earnings before the open on May 28, with interim CEO Jeff Ettinger hosting the call. A $0.2925/share dividend (391st consecutive) is payable May 15. Bear case: HRL shares are down ~26% on a one-year total-return basis and momentum remains weak, with tariff relief still pending formal action.
May 11Hormel Foods declared a $0.2925 quarterly dividend payable May 15, marking its 391st consecutive dividend; Q2 earnings scheduled May 28.Neutral▶
Hormel Foods declared a quarterly common-stock dividend of $0.2925 per share payable May 15, 2026, the 391st consecutive quarterly dividend since 1928. The company will report Q2 fiscal 2026 results on May 28 with interim CEO Jeff Ettinger, president John Ghingo, and interim CFO Paul Kuehneman on the call. Hormel completed the sale of its whole-bird turkey business to Life-Science Innovations on April 24, while retaining the JENNIE-O brand and value-added turkey portfolio. The stock recently traded at $20.93 on May 5 and analysts have reduced PT to $25 from $27 citing near-term margin pressures.
May 8Reports organic net sales growth and adjusted EPS of $0.34 in Q1; DOJ investigation loomsMixed▶
Hormel Foods reported Q1 FY2026 adjusted diluted EPS of $0.34, supported by fifth consecutive quarter of organic net sales growth, with net sales of $3B and 2% organic growth. Company appointed Will Bonifant as Chief Supply Chain Officer and Domenic Borrelli as EVP Retail. Announced sale of Whole-Bird Turkey Business to Life-Science Innovations. Board increased quarterly dividend 1%. However, analysts reduced price target to $25 from $27 on margin pressures, and DOJ is criminally investigating beef companies including HRL over soaring prices.
May 7Hormel Foods faces margin pressures; appointed new Chief Supply Chain OfficerNeutral▶
Hormel Foods announced strategic leadership changes including new Chief Supply Chain Officer Will Bonifant to address supply chain challenges. The company announced a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations, shifting toward higher-margin value-added proteins. Analysts expect near-term margin pressures with reduced price target of $25 from $27.
May 6Hormel Facing Margin Pressures; Divests Turkey Business, DOJ Beef Investigation ActiveNegative▶
Hormel announced sale of whole-bird turkey business to Life-Science Innovations, reflecting strategic shift to higher-margin products. Facing DOJ criminal probes on beef pricing alongside industry peers. Analyst price targets reduced to $25 from $27 amid near-term margin headwinds. Will Bonifant appointed Chief Supply Chain Officer. Current stock at $21.43, up 0.85% on day, but challenged by operational headwinds and leadership interim appointments.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| HRLHORMEL | $24.66 | +16.97% | +3.4% | 13.5x | 0.31 | $11.6B |
| MDLZMONDELEZ | $62.27 | +1.25% | -0.2% | 18.1x | 0.40 | $78.9B |
| HSYHERSHEY | $179.79 | -5.57% | -0.7% | 19.2x | 0.07 | $38.6B |
| KHCKRAFT | $24.26 | +3.04% | +0.8% | 11.2x | 0.05 | $27.9B |
| TSNTYSON | $57.14 | -14.04% | -0.3% | 14.5x | 0.39 | $23.4B |
| GISGENERAL | $34.82 | +4.03% | +0.1% | 10.3x | -0.03 | $17.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.