Hormel Foods to Hold Virtual Annual Meeting of Stockholders
January 12, 2023
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Hormel Foods ($NYSE:HRL) Corporation is a leading producer of packaged, processed, and refrigerated foods in the United States of America. Hormel Foods has a wide range of products including hams, bacon, sausages, deli meats, and canned meats. It also produces a variety of packaged and frozen meals, snacks, and desserts. Hormel Foods recently announced that they will be hosting their Annual Meeting of Stockholders virtually this year. This will provide the convenience of participating in the meeting from the comfort of your own home, while also providing a safe and secure platform to ensure the safety of all participants. The virtual meeting will allow stockholders to view the meeting live or to view a pre-recorded version at their convenience. They will also be able to ask questions and receive answers from the executives in real-time.
Additionally, stockholders will be able to vote on matters such as the election of directors and the approval of certain matters that require stockholder approval. This is an important meeting for Hormel Foods, and all stockholders are encouraged to participate and make their voices heard. By holding this meeting virtually, Hormel Foods is allowing its stockholders to stay safe and secure while still being able to take part in the decision-making process.
Stock Price
The company has seen a steady increase in stock performance over the past year. On Wednesday, HORMEL FOODS stock opened at $46.2 and closed at $46.8, up by 2.0% from prior closing price of 45.9. This trend is expected to continue as investors look to capitalize on the potential that Hormel Foods offers. The board of directors recommends shareholders vote “for” all matters presented at the meeting.
Hormel Foods remains committed to growing its portfolio of brands and increasing its presence in global markets. The company is also focused on providing value-added solutions to its customers and creating solutions to emerging challenges in the food industry. With its commitment to innovation and growth, Hormel Foods is well-positioned to continue to deliver long-term value to its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hormel Foods. More…
| Total Revenues | Net Income | Net Margin |
| 12.46k | 999.99 | 8.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hormel Foods. More…
| Operations | Investing | Financing |
| 1.13k | -258.04 | -486.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hormel Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.31k | 5.77k | 13.48 |
Key Ratios Snapshot
Some of the financial key ratios for Hormel Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.5% | 3.6% | 10.8% |
| FCF Margin | ROE | ROA |
| 6.9% | 11.2% | 6.3% |
VI Analysis
Hormel Foods is a prime example of a company with strong fundamentals that reflect its long term potential. The VI Star Chart classifies it as a ‘Gorilla’, a type of company that is able to achieve stable and high revenue or earnings growth due to its competitive advantage. Investors who are interested in such a company are likely to be those who are looking for long term stability and a steady return on their investments. The Health Score of Hormel Foods is 9/10, indicating that the company is capable of paying off its debt and funding future operations while maintaining a good cashflow. Its financials are strong in terms of assets, dividends, and profitability, while its growth rate is only average. This combination makes it an attractive choice for investors who are looking for a balanced portfolio with long term growth potential. Overall, Hormel Foods is a prudent investment choice for investors who wish to benefit from a steady return on their investments. Its strong financials and competitive advantage make it an attractive option for those who want to secure their investments for the long term. More…
VI Peers
In the food industry, Hormel Foods Corp competes with JM Smucker Co, Fleury Michon, and Bell Food Group Ltd. These companies all produce similar products, so the competition is fierce. Hormel Foods Corp has an advantage because it is a well-established company with a strong brand.
– JM Smucker Co ($NYSE:SJM)
The J. M. Smucker Company has a market capitalization of $15.24 billion as of March 2022 and a return on equity of 7.19%. The company manufactures and markets branded food and beverage products in North America and internationally. Its products include coffee, peanut butter, shortening and oils, ice cream toppings, fruit spreads, syrups, and frozen desserts. The company was founded in 1879 and is headquartered in Orrville, Ohio.
– Fleury Michon ($LTS:0J75)
Fleury Michon is a French company that specializes in the production of prepared foods. The company has a market cap of 79.9 million as of 2022 and a return on equity of 1.6%. Fleury Michon is a publicly traded company listed on the Euronext Paris stock exchange. The company was founded in 1887 and is headquartered in Vire, France.
– Bell Food Group Ltd ($LTS:0RFX)
BFG Ltd’s market cap is 1.43B as of 2022 and has a ROE of 7.15%. The company is a food group that manufactures and supplies food products. It offers a range of products including meat, poultry, fish, vegetables, and desserts. The company has a strong presence in the UK and Ireland, with a network of over 30 manufacturing sites and a workforce of around 23,000 people.
Summary
Hormel Foods Corporation is a multinational manufacturer and marketer of high-quality, brand-name food and meat products. The company is set to hold its virtual Annual Meeting of Stockholders to provide an overview of its financial results and strategies moving forward. Analysts have given the stock a “buy” rating due to its consistent revenue growth, increasing dividends, and strong balance sheet.
Additionally, Hormel Foods has achieved significant accomplishments in operational efficiency and cost reduction. The company has also been able to successfully navigate changing consumer trends, investing in new product development and expanding into new markets. With a strong portfolio of brands and a track record of success, Hormel Foods is well positioned for long-term growth and is an attractive investment opportunity.
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