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HORMEL FOODS CORPORATION

(HRL)
  Report
Delayed Nyse  -  04:03:22 2023-02-03 pm EST
45.24 USD   -0.22%
02/03Hormel Foods Corp /de/ : Submission of Matters to a Vote of Security Holders (form 8-K)
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02/01Hormel Foods Named to Fortune's World's Most Admired Companies List
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Hormel Foods Donation Helps Fight Hunger in Faribault

11/25/2022 | 10:28am EST

FARIBAULT, MINN -Jennie-O Turkey Store, the local manufacturing facility owned by Hormel Foods Corporation (NYSE: HRL), announced today that it has donated $10,000 to the St. Vincent DePaul Faribault Food Shelf to help fight hunger in the community as part of the company's Hunger Action Month efforts.

Jennie-O has donated funds to this organization since 2013.

'As a food company, we are thrilled and proud to support organizations who fight hunger,' said Jody Long, plant manager of the Faribault Plant. 'We are proud to join St. Vincent DePaul Faribault Food Shelf in fighting hunger in our community.'

This is the 12th consecutive year Hormel Foods has given funds to its locations to share with nonprofits in their respective communities to fight hunger. In 2021, Hormel Foods donated $370,000 to 44 local hunger-relief organizations. Through this program, disaster-relief efforts and other donations, Hormel Foods contributed $6.6 million in cash and product donations to help address hunger in 2021.

As a leading corporate citizen, Hormel Foods remains committed to fighting hunger around the world and in the communities where our team members work and live. By working with organizations at a local level, our locations have found great success in helping meet the needs of their community.

Additional information about the company's hunger-relief efforts is available in the Hormel Foods Global Impact Report.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on HORMEL FOODS CORPORATION
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Financials (USD)
Sales 2023 12 766 M - -
Net income 2023 1 036 M - -
Net Debt 2023 2 098 M - -
P/E ratio 2023 24,0x
Yield 2023 2,43%
Capitalization 24 720 M 24 720 M -
EV / Sales 2023 2,10x
EV / Sales 2024 2,03x
Nbr of Employees 20 000
Free-Float 52,6%
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Mean consensus HOLD
Number of Analysts 13
Last Close Price 45,24 $
Average target price 45,14 $
Spread / Average Target -0,22%
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Managers and Directors
James P. Snee Chairman, President & Chief Executive Officer
Jacinth C. Smiley Chief Financial Officer & Executive Vice President
Kevin L. Myers Senior Vice President-Research & Development
Pierre Lilly Chief Compliance Officer & Senior Vice President
Elsa A. Murano Independent Director
Sector and Competitors