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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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01/25Everybody's Favorite Dip Is Now Your Favorite Sip With HORMEL« Chili Cheese Brew
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Hormel Foods Donation Helps Fight Hunger in Stearns and Todd Counties

11/23/2022 | 10:30am EST

LONG PRAIRIE, MINN -Dan's Prize, a subsidiary of Hormel Foods Corporation (NYSE: HRL), announced that it has donated $20,000 to local organizations to help fight hunger. The organizations that received donations are Browerville Area Food Shelf, Long Prairie Area Food Shelf, Meals on Wheels, and Eagles Healing Nest.

'As a food company, fighting hunger is near and dear to the hearts of our entire team,' said Jeff Tobak, president of Dan's Prize. 'Our inspired and dedicated team members make it possible for us to help those in need. We are proud to join these organizations in fighting hunger in our communities.'

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.

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%
EPS Revisions
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