HRL Stock Recent News

"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Sectors. Broker-estimated top-ten net gains ranged from 14.79% to 25.23%, topped by SJW and SWK. By yield, MO topped all the Kings. Top-ten yields from ABBV, ADM, SWK, FRT, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.67%.

AUSTIN, Minn. , Dec. 12, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that Mike Clausman has been appointed to the new role of vice president, deputy general counsel and assistant secretary.

When I look at my brokerage account, there is one stock that stands out as particularly disappointing performance-wise: Hormel Foods (HRL -1.25%). And yet, I haven't once thought of jettisoning it from my portfolio.

The S&P is up almost 28% in 2024, and many investors worry about a melt-up followed by a sharp correction like in 2022 or 2018. A 2025 market correction is likely, but low-volatility, high-yield Dividend Aristocrats offer a better alternative to the traditional 60-40 portfolio and S&P. These 12 Aristocrats provide a 3.2% yield, 14% discount, 22% upside potential next year, and 10% long-term income growth consensus, while being 54% lower volatility than the S&P.

HRL's Q4 earnings report shows weak revenue growth and declining sales in key segments, leading to a downgrade to a sell rating. Despite being a dividend king, Hormel Foods Corporation's high payout ratio and modest growth outlook make it less attractive compared to retailers like TGT. Retailers offer better resilience and broader segment exposure, outperforming HRL in price returns and dividend growth.

Consumer staples stocks offer a lot for income investors. They aren't flashy, they don't grow robustly, but their blue-chip businesses are entrenched and produce cash flow that stands the test of time.

Hormel reported Q4-2024 results, and the stock moved lower by 3% in the pre-market trading. While the numbers were ok, the guidance for 2025 once again fell short of where the Street was. Over the last two years, the stock has declined about in line with the drop in earnings estimates.

Hormel Foods Corporation (NYSE:HRL ) Q4 2024 Earnings Conference Call December 4, 2024 9:00 AM ET Company Participants Jess Blomberg - Director of IR Jim Snee - Chairman, President and CEO Jacinth Smiley - EVP and CFO John Ghingo - EVP, Retail Segment Nathan Annis - VP, Corporate Development Conference Call Participants Rupesh Parikh - Oppenheimer Ken Goldman - JPMorgan Thomas Palmer - Citi Heather Jones - Heather Jones Research Max Gumport - BNP Paribas Peter Galbo - Bank of America Michael Lavery - Piper Sandler Pooran Sharma - Stephens, Inc. Rahi Parikh - Barclays Operator Good morning, ladies and gentlemen, and welcome to the Hormel Foods Corporation Fourth Quarter Earnings Conference Call. [Operator Instructions] This call is being recorded on Wednesday, December 4, 2024.

Hormel Foods' fourth-quarter fiscal 2024 results reflect a year-over-year decline in net sales and flat earnings. Volumes fall 4.1%.

The headline numbers for Hormel (HRL) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.