Hormel Foods Corp Stock Price, News & Analysis

Hormel and The Doughnut Project celebrate National Pizza Party Day with the introduction of the Cheese the Day doughnut, available from May 21-23, 2021 in NYC. The doughnut features a base of unglazed dough topped with marinara sauce, mozzarella, and Hormel® Pepperoni Cup N' Crisp, crafted to curl while cooking, creating a savory treat unlike traditional offerings. This unique collaboration emphasizes Hormel's innovation in food trends, appealing to pizza lovers and foodies alike.

Jennie-O Turkey Store has launched a new product, Jennie-O® turkey burger blends, which combine white meat turkey with black beans, whole grain rice, and pepitas. Each burger provides 15g of lean meat-based protein and 5g of fiber. Priced between $6.99 and $7.99 for four quarter-pound patties, these products will initially be available in select markets with broader distribution expected by year-end. This development aligns with consumer trends towards plant-focused diets.

COLUMBUS® Craft Meats, a subsidiary of Hormel Foods, has launched its new Pepperoni Paninos, featuring premium dry-cured pepperoni rolled with mozzarella cheese. Retailing at approximately $5.99 for a six-pack, this product caters to the increasing consumer demand for grab-and-go snacks and charcuterie experiences. The launch expands Columbus's panino offerings, which include other varieties like Prosciutto and Genoa Salame Paninos. The products are available nationwide, enhancing Columbus's presence in the deli market.

Hormel Foods Corporation (NYSE: HRL) has scheduled a conference call on May 20, 2021, at 8:00 a.m. CT to discuss its second quarter financial results. The earnings press release will be issued before the markets open on the same day. Investors can access the call via phone or a live webcast on the company's website. Hormel Foods, a global food company with over $9 billion in annual revenue, features brands like SKIPPY^® and SPAM^®, and is a member of the S&P 500 Index.

Hormel Foods Corporation (NYSE: HRL) has appointed Jacinth Smiley as the new group vice president of corporate strategy, effective immediately. Smiley, who reports to Jim Snee, brings extensive experience from top Fortune 500 companies, including a previous role at LyondellBasell as vice president and chief accounting officer. She replaces Jim Splinter, who retired last year. This leadership change aims to enhance Hormel's growth and investment strategies as a global branded food company, which has over $9 billion in annual revenue and operates in more than 80 countries.

Hormel Foods Corporation (NYSE: HRL) announced a quarterly dividend of $0.2450 per share, set to be paid on May 17, 2021, to shareholders of record by April 12, 2021. This marks the 371st consecutive quarterly dividend paid by the company, which has maintained this record since becoming public in 1928. Hormel Foods, with annual revenue exceeding $9 billion, is known for brands like SKIPPY and SPAM.

Hormel celebrates National Pi Day on March 14, 2021, highlighting a survey showing pepperoni as America's favorite pizza topping, chosen by 79% of respondents. Conducted by The Harris Poll, the survey indicates that 73% of Americans find pizza comforting during the COVID-19 pandemic, with 60% citing its deliciousness as the top reason. Nearly half (47%) prefer pepperoni when dining with family and friends. The brand's commitment to quality continues, as Hormel remains America's leading pepperoni brand.