STOCK TITAN

HERDEZ® Brand Redefines What Makes a Great Cookout: New Asada Line Brings the Bold Flavors of Mexico's Grilling Tradition to Kitchens Everywhere

(Moderate)
(Very Positive)
Tags

HERDEZ (NYSE:HRL) launches the HERDEZ® Asada line, an exclusive Walmart collection of marinades, taco seasonings, and Mexican-style BBQ sauces available nationwide starting April 28, 2026.

All products are priced under $4, include carne asada and pollo asado marinades that work in as little as 30 minutes, and are formulated for grill, stovetop and air fryer use.

Loading...
Loading translation...

Positive

  • None.

Negative

  • None.

News Market Reaction – HRL

-0.75%
-0.75% Session close to close

In the Apr 28 session, HRL declined 0.75%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement extends Hormel’s flavor-forward strategy through the HERDEZ asada line, offering m...
Analysis

This announcement extends Hormel’s flavor-forward strategy through the HERDEZ asada line, offering marinades, seasonings, and BBQ sauces priced under $4 exclusively at Walmart. It follows other branded innovations and a long-running dividend record of 391 consecutive quarterly payments at $0.2925 per share most recently. Investors may watch for evidence of retail adoption, incremental shelf space, and any use of the company’s effective S-3ASR debt shelf when assessing how this launch fits into broader growth and capital-allocation plans.

Key Figures

Asada line price point: Under $4 per product Marinade time: 30 minutes Quarterly dividend: $0.2925 per share +5 more
8 metrics
Asada line price point Under $4 per product HERDEZ Asada marinades, taco seasonings, BBQ sauces at Walmart
Marinade time 30 minutes Carne Asada and Pollo Asado marinades tenderize meat
Quarterly dividend $0.2925 per share Dividend declared Mar 23, 2026, payable May 15, 2026
Dividend streak 391 consecutive quarters Unbroken record of regular dividends since 1928
SPAM BBQ size 12 oz. Limited-edition SPAM Japanese Barbecue Sauce Flavored product
SPAM BBQ price $4 Suggested retail price at Walmart beginning March 7, 2026
Stock options grant 87,700 options at $20.76 William W. Bonifant equity compensation on Apr 14, 2026
RSU award 12,043 shares Restricted stock units granted to William W. Bonifant

Historical Context

5 past events · Latest: Apr 24 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Apr 24 Business divestiture Neutral -1.0% Completed sale of whole-bird turkey operations while retaining JENNIE-O brand.
Mar 26 Management transition Neutral +1.0% Announced retirement of VP of food safety and appointment of internal successor.
Mar 23 Dividend declaration Positive +1.0% Declared quarterly dividend of $0.2925, the 391st consecutive payout.
Mar 19 Product trend insight Positive -1.5% Highlighted top 2026 pizza trends and growing interest in global flavors.
Mar 05 Co-branded product Positive -1.0% Launched limited-edition SPAM Japanese Barbecue flavor exclusively at Walmart.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent innovation and collaboration news (pizza trends, SPAM partnership) often coincided with negative next-day moves, while dividend and management updates saw modest gains, suggesting mixed reactions to brand/innovation headlines.

Recent Company History

Over the last two months, Hormel Foods has balanced portfolio reshaping, brand innovation, and capital returns. On Mar 5, a SPAM–Bachan’s limited-edition product launched at Walmart. On Mar 19, Hormel highlighted global pizza flavor trends, followed by a quarterly dividend declaration of $0.2925 per share on Mar 23, marking the 391st consecutive payout. Late March brought management and board-related disclosures, and on Apr 24 Hormel completed the sale of its whole-bird turkey business while retaining the JENNIE-O brand. Today’s HERDEZ asada launch continues the theme of flavor-led retail innovation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

The #1 salsa brand in Mexico launches an exclusive collection of marinades and Mexican-style BBQ sauces at Walmart, designed for the grill, stovetop and air fryer

ORANGE, Calif., April 28, 2026 /PRNewswire/ -- This summer, the secret to the ultimate backyard gathering isn't just in the heat, it's in the asada. HERDEZ®, the #1 salsa brand in Mexico, is bringing the vibrant flavors of traditional Mexican grilling to American homes with the launch of the HERDEZ® Asada line.

Available exclusively at Walmart, this new line of marinades, taco seasonings, and Mexican-style BBQ sauces is designed to turn any meal into a culinary celebration.

While carne asada is often found on restaurant menus, true asada is a ritual—a gathering of friends and family over fire, citrus and spice. The HERDEZ® brand is helping bridge the gap for home cooks who crave those deep, authentic flavors but lack the hours to marinate from scratch.

"We wanted to capture the soul of the Mexican grill and make it accessible for the way people actually cook today," said Diana De Loza, senior director of retail marketing at MegaMex. "Whether you're a pitmaster on a charcoal grill or a busy parent using an air fryer to get dinner on the table quickly, the flavors of the new HERDEZ® Asada line deliver that unmistakable bold flavor and charred finish that defines authentic Mexican food."

The flavor of the gilling season lineup
The HERDEZ® Asada line, with all products priced under $4, introduces bold, global flavor profiles that go beyond standard grocery aisle options to create a delicious and memorable meal:

  • Carne Asada Marinade and Pollo Asado Marinade: High-flavor liquid marinades that tenderize and infuse meat with traditional notes of lime, garlic and chiles in as little as 30 minutes.
  • Habanero Pineapple BBQ Sauce and Sweet & Tangy Mexican-Style BBQ Sauce: From a tropical, spicy-sweet glaze perfect for ribs or grilled shrimp to a vibrant, citrus-forward twist on traditional BBQ that elevates chicken and pork, the BBQ sauces pack a party of flavors for every meal.
  • Carne Asada and Pollo Asado Taco Seasonings: Perfect for a high-heat sear on the stovetop, flame grilling on the barbeque, or seasoning vegetables and fire-roasted corn.

From backyard grills to air fryers
Recognizing the rise of at-home cooking, the HERDEZ® Asada line is formulated to perform across multiple heat sources. The marinades are specifically designed to caramelize beautifully in air fryers, skillets, and under broilers, ensuring that just-off-the-grill char and flavor no matter how you cook.

The HERDEZ® Asada line is now available exclusively at Walmart stores nationwide. To learn more about HERDEZ® products, visit www.herdeztraditions.com and follow the brand on Instagram, TikTok and Facebook.

About the HERDEZ® Brand
The HERDEZ® brand allows consumers to experience the real flavor and culture of Mexico at home with authentic salsas and cooking sauce. The HERDEZ® brand is the No. 1 selling brand of salsa in Mexico and the leading authentic Mexican salsa brand in homes across the US. Best known for products such as HERDEZ® Salsa Verde, Salsa Casera and the original Guacamole Salsa, the HERDEZ® brand was founded on authenticity in flavor and quality you can trust. Innovative authentic flavor experiences are at the forefront of its success. The HERDEZ® brand is part of MegaMex Foods, one of the fastest growing Mexican food companies in the US focused on reimagining Mexican flavor. For more information and recipe ideas, visit www.herdeztraditions.com or follow the HERDEZ® brand on Instagram, TikTok and Facebook.

About MEGAMEX FOODS 
MegaMex Foods, one of the fastest growing Mexican food companies in the US, is focused on reimagining Mexican flavor in restaurants and home kitchens across the country. MegaMex Foods is proudly committed to authentic ingredients and providing a real solution for achieving true Mexican flavors with trusted products including WHOLLY®, HERDEZ®, DON MIGUEL®, CHI-CHI'S®, LA VICTORIA®, DOÑA MARÍA®, EMBASA®, DEL FUERTE®, and BÚFALO® brands. Founded by Herdez del Fuerte and Hormel Foods, MegaMex Foods is headquartered in Orange, California, with facilities in Texas and Mexico. MegaMex Foods has two operating plants, numerous manufacturing partners and over 4,000 employees. For more information, visit www.megamexfoods.com and www.mmxfoodservice.com

Contact:

Media Relations 


FINN Partners


megamex@finnpartners.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/herdez-brand-redefines-what-makes-a-great-cookout-new-asada-line-brings-the-bold-flavors-of-mexicos-grilling-tradition-to-kitchens-everywhere-302754676.html

SOURCE MegaMex Foods

FAQ

When did HERDEZ (HRL) launch the Asada line at Walmart?

The HERDEZ Asada line launched on April 28, 2026 and is available exclusively at Walmart nationwide. According to HERDEZ, the rollout brings marinades, taco seasonings, and BBQ sauces to store shelves immediately.

What products are included in the HERDEZ Asada line sold under HRL?

The line includes carne asada and pollo asado marinades, two taco seasonings, and two Mexican-style BBQ sauces. According to HERDEZ, the range covers marinades, taco seasoning, and Habanero Pineapple and Sweet & Tangy BBQ sauces.

How much do HERDEZ Asada products cost at Walmart (HRL)?

All HERDEZ Asada products are priced at under $4 per item at Walmart. According to HERDEZ, the pricing aims to offer affordable options for grilling, stovetop, and air fryer cooking occasions.

Do HERDEZ Asada marinades work for quick cooking methods like air fryers?

Yes. HERDEZ states the marinades tenderize and infuse flavor in as little as 30 minutes and are formulated to caramelize in air fryers, skillets, or under broilers for a charred finish.

Is the HERDEZ Asada line a national Walmart exclusive and where can investors find more info on HRL products?

The Asada line is a Walmart-exclusive, nationwide launch. According to HERDEZ, more product information is available at herdeztraditions.com and the brand's Instagram, TikTok, and Facebook pages.