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MarketScreener Homepage  >  Equities  >  Nyse  >  Hormel Foods Corporation    HRL

HORMEL FOODS CORPORATION

(HRL)
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Hormel Foods : Safeway and Hormel Foods - Care and Share Food Bank to Receive SKIPPY Peanut Butter and Hunger Is Donation on Colorado Gives Day

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12/13/2019 | 10:18am EDT

COLORADO SPRINGS, COLO. -Care and Share Food Bank announces a Colorado Gives Day celebration on Tuesday, December 10th with two significant donations from Safeway and Hormel Foods.

Safeway's annual Hunger Is campaign aimed at eradicating childhood hunger raised $45,000 in Colorado Springs Safeway stores in September. In addition, through the generosity of Safeway and Hormel Foods, Care and Share will receive 2,907 jars of Skippy peanut butter, which will make over 47,000 peanut butter and jelly sandwiches. A check presentation and peanut butter delivery will take place on Tuesday, December 10th at 10am at Care and Share, 2605 Preamble Point, Colorado Springs, CO 80915.

'These two gifts will have a tremendous impact on our community, and it's thrilling to see it happen on Colorado Gives Day,' said Lynne Telford, CEO of Care and Share Food Bank. 'We'd like to thank Safeway, Hormel Foods, and the generosity of every customer that made this possible by donating to the Hunger Is campaign. Their support will help us work towards ensuring no child in Southern Colorado has to start their day hungry.'

Hunger Is, a charitable program of the Safeway Foundation, is designed to build awareness and raise funds in an effort to eradicate childhood hunger in America. Funds raised through Hunger Is focus on adding breakfasts in and out of school through federal nutrition programs and other means focused on combatting childhood hunger and improving other health-related outcomes.

The Skippy peanut butter donation is a partnership between Hormel Foods and local grocery retailers like Safeway to focus philanthropic efforts on hunger relief and education.

'We know protein is a much-needed item for households, and peanut butter is a terrific shelf-stable protein option,' said Nicolle Witt, Customer Business Manager for Hormel Foods. 'We want to thank Safeway for joining this effort and thank local food banks like Care and Share for serving their communities. Hormel Foods and the Skippy brand are proud to give back to the communities Safeway serves.'

'It's an honor support the work of Care and Share Food Bank. Every day we learn about organizations that go above and beyond to help people in need,' said Kris Staaf, Safeway Director of Public Affairs. 'Such selfless dedication makes our communities better places to live and work.'

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 9 688 M
EBIT 2020 1 173 M
Net income 2020 941 M
Finance 2020 472 M
Yield 2020 2,05%
P/E ratio 2020 25,9x
P/E ratio 2021 24,6x
EV / Sales2020 2,45x
EV / Sales2021 2,38x
Capitalization 24 178 M
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Mean consensus HOLD
Number of Analysts 12
Average target price 42,73  $
Last Close Price 44,96  $
Spread / Highest target 13,4%
Spread / Average Target -4,97%
Spread / Lowest Target -24,4%
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Managers
NameTitle
James P. Snee Chairman, President & Chief Executive Officer
James N. Sheehan Chief Financial Officer & Executive Vice President
Kevin L. Myers Senior Vice President-Research & Development
Dakota A. Pippins Independent Director
Elsa A. Murano Independent Director
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