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MarketScreener Homepage  >  Equities  >  Nyse  >  Hormel Foods Corporation    HRL

HORMEL FOODS CORPORATION

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Hormel Foods : The Makers of the HORMEL NATURAL CHOICE Brand Move Ahead with Good Feeds Us All Tour; Tour puts spotlight on those who nourish body, mind and soul

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02/28/2020 | 08:44am EDT

AUSTIN, MINN. - The makers of Hormel Natural Choice brand are on the road and in the airways, spotlighting organizations and people throughout the United States who work for the betterment of others. Already the tour has been to Dallas, Texas, and will soon stop in Louisville, Ky., Atlanta, Ga., Detroit, Mich., Minneapolis, Minn., and other cities, as it makes its way across the country.

The Good Feeds Us All Tour is an extension of the brand's 2019 advertising campaign of the same name. It rolled out with a heartwarming commercial featuring Joey, a young boy who learns American sign language in order to ask his deaf classmate if she would like to share his sandwich. 'Good feeds our connections. Good feeds us all,' the voiceover reminds us.

According to Beth Fehrenbacher, senior brand manager for the Hormel Natural Choice brand, the idea of the Good Feeds Us All Tour developed organically from a discussion around bringing the advertising campaign to life.

'We are continuing our brand legacy of doing a little bit more, a little bit better and shining a light on those in our communities who are also doing a little bit more and a little bit better,' she said, emphasizing that small gestures lead to big results and that food is often the common denominator. 'Food is at the center of so many special events,' Fehrenbacher said.

The Good Feeds Us All Tour began at the Minnesota State Academy for the Deaf, an homage to the Joey commercial. From there, the tour made its way to Dallas, Texas, where Hormel Foods team members highlighted and helped the Birthday Party Project, an organization that throws themed birthday parties with all the trimmings for kids who are often forgotten.

'Our mission is to bring joy to children through the magic of birthdays,' said Kimberly Nielsen, director of operations for the Birthday Party Project. '... Not everybody has a home, but everybody has a birthday. To be able to bring that to a child who needs a little extra joy... It just brings communities together.'

The 8-year-old nonprofit began with a party at one agency in Dallas, Texas. Today there are nearly 50 parties each month in 15 U.S. cities. Children in the system, young mothers without partners and homeless children are among the beneficiaries.

In addition to celebrating the work of the Birthday Party Project in other cities, the Good Feeds Us All Tour has the following stops and organizations on schedule:

Be Strong (Louisville, Ky.) is an organization focused on preventing bullying, isolation and suicide among school-aged young people. The organization's We Dine Together Initiative is student led and focuses on important acts of kindness in their communities. The Hormel Natural Choice brand team will be partnering with a local student group to deliver sandwiches and resources to homeless women and children in transitional housing.

United Services Organization (USO) (Washington D.C.), founded during World War II, empowers connections by keeping United States servicemen and servicewomen connected to their families and communities while away from home. This tour stop is focused on the Mobile USO unit that travels the country providing services and assistance to the military and their families.

My Jump! (La Quinta, Calif.) is a nonprofit organization that helps seniors achieve what's left on their bucket lists, with a focus on those living at low-income. Here, the Hormel Natural Choice brand team will work with My Jump! to fulfill more dreams while providing sandwiches in the process.

In-between these major initiatives that are part of the Good Feeds Us All Tour, the Hormel Natural Choice brand team will be celebrating and spotlighting random acts of kindness by individuals as they are discovered.

According to Fehrenbacher, at the heart of the Good Feeds Us All Tour is a desire to show consumers what the brand is stands for, metaphorically speaking. 'We want consumers to see that we care,' she said. 'The tour is about finding opportunities where sandwiches can connect people and be the catalyst to allow those connections to take place. This isn't about us coming in to save the day. It's about giving those who are already doing it a platform to share their stories.'

Hormel Foods Hosts Top Student Winners of its Annual MLK Essay Contest

Hormel Foods employees commemorate MLK Day and Black History Month with essay competition for U.S. elementary and middle school students

ABOUT HORMEL FOODS - INSPIRED PEOPLE. INSPIRED FOOD.

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenues across 75 countries worldwide. Its brands include SKIPPY, SPAM, Hormel Natural Choice, Applegate, Justin's, Columbus, Wholly guacamole, Hormel Black Label and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named one of 'The 100 Best Corporate Citizens' by Corporate Responsibility Magazine for the 11th year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. In 2016, the company celebrated its 125th anniversary and announced its new vision for the future - Inspired People. Inspired Food. - focusing on its legacy of innovation. For more information, visit www.hormelfoods.com and https://csr.hormelfoods.com/.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 9 774 M
EBIT 2020 1 125 M
Net income 2020 893 M
Finance 2020 406 M
Yield 2020 1,97%
P/E ratio 2020 28,5x
P/E ratio 2021 25,9x
EV / Sales2020 2,54x
EV / Sales2021 2,45x
Capitalization 25 238 M
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Mean consensus HOLD
Number of Analysts 12
Average target price 43,64 $
Last Close Price 46,93 $
Spread / Highest target 6,54%
Spread / Average Target -7,02%
Spread / Lowest Target -27,6%
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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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