Hormel Foods Corp Stock Price, News & Analysis

The makers of COLUMBUS® Craft Meats have introduced seven new products to enhance holiday entertaining and snacking options. The lineup includes two new Charcuterie Trios, Craft Nuts, and a new Tasting Board. They're also reintroducing the fan-favorite Secchi Salami.

New products include the Rustic Charcuterie Trio and Bold Charcuterie Trio, featuring different combinations of cured meats. The brand has also launched four varieties of COLUMBUS™ Craft Nuts, including Parmesan Rosemary Marcona Almonds and Hot Honey Mezcal Cashews.

The new COLUMBUS® Tour of Italy Tasting Board offers a selection of Italian craft meats, cheeses, and accompaniments. The reintroduced COLUMBUS® Secchi Salame is an ultra-premium salami featuring crushed peppercorns and burgundy wine flavors.

HORMEL® BLACK LABEL® Bacon has launched a revolutionary new product: OVEN READY™ Thick Cut Bacon with Oven Safe Tray. This patent-pending innovation offers a convenient, mess-free way to prepare bacon without the need to handle raw meat or clean up afterwards. The process is simple: place the tray in a preheated oven, cook for 20 minutes, and discard the tray.

Aly Sill, senior brand manager, emphasizes the product's convenience and the brand's commitment to innovation. The OVEN READY™ Thick Cut Bacon delivers eight perfectly cooked slices every time, making it ideal for breakfast, snacks, or as a topping. It's now available at select retailers nationwide, with plans for expansion in 2025.

For more information on products, recipes, and where to buy, consumers can visit www.BlackLabelBacon.com or follow @blacklabelbacon on social media platforms.

Hormel Foods (NYSE: HRL), a Fortune 500 global branded food company, has announced its quarterly dividend. The Board of Directors has authorized a dividend of 28.25 cents ($0.2825) per share on September 23, 2024. This dividend will be paid on November 15, 2024, to stockholders of record at the close of business on October 15, 2024.

This upcoming payment marks the 385th consecutive quarterly dividend paid by Hormel Foods. The company has maintained an uninterrupted record of paying regular quarterly dividends since becoming a public company in 1928, showcasing its commitment to consistent shareholder returns.

Hormel Foods (NYSE: HRL) has elected Debbra Schoneman, president of Piper Sandler Companies, to its Board of Directors, effective September 21, 2024. Schoneman joins the Audit and Governance Committees of the board. With 34 years of experience at Piper Sandler, including roles as president and CFO, she brings extensive expertise in finance and corporate development.

Jim Snee, chairman, president, and CEO of Hormel Foods, expressed enthusiasm about Schoneman's addition to the board, highlighting her potential contribution to the company's ongoing transformation and growth. Schoneman's background includes board service in public, private, and philanthropic sectors, including her current roles on the Allina Health board and the University of St. Thomas board of trustees.

The makers of the Jennie-O® turkey brand have released their 2024 Thanksgiving survey results, offering insights into American holiday preparations and preferences. The survey, conducted by Talker Research, polled 5,000 consumers across the U.S. Key findings include:

- 70% of Americans have celebrated Thanksgiving traditions for over 20 years
- 66% prefer baked turkey, with 63% opting not to brine
- Top side dishes include stuffing (77%), rolls/biscuits (66%), and mashed potatoes (60%)
- 96% enjoy Thanksgiving leftovers, with 44% using turkey in sandwiches

Starting Nov. 1, Jennie-O will offer expert advice through their 1-800-TURKEYS hotline, live chat, and text service until Nov. 28. The brand aims to support consumers with turkey preparation, recipes, and leftover ideas to ensure a successful holiday meal.

Jennie-O®, a renowned turkey brand, has released its 2024 Thanksgiving survey results, offering state-by-state insights into American holiday traditions. The survey, conducted by Talker Research, polled 5,000 consumers across the U.S. Key findings include:

- 70% of Americans have celebrated their Thanksgiving traditions for over 20 years
- Most people take up to two weeks for planning and three days for food preparation
- 66% prefer baked turkey, with 63% opting not to brine
- Popular sides include stuffing (77%), rolls/biscuits (66%), and mashed potatoes (60%)
- 96% enjoy leftovers, with 44% using turkey in sandwiches

Jennie-O® offers support through their 1-800-TURKEYS hotline, live chat, and text services from Nov. 1-28. The brand provides online resources for meal planning, turkey preparation, and leftover recipes to ensure a successful Thanksgiving celebration.

WHOLLY® GUACAMOLE, America's top refrigerated guacamole brand, released a survey on National Guacamole Day revealing key insights into football fans' game day rituals. The survey, conducted by Toluna, found that 50% of football fans consider guacamole or dips their go-to game day snack.

Key findings include:

• 31% eat the same food as a game-day ritual
• 40% are more likely to watch a game with friends if they like the snacks
• 67% stress-eat salty items like chips and guacamole during intense plays
• 60% prefer store-bought snacks over homemade
• 58% prioritize taste when selecting game day food

WHOLLY® GUACAMOLE offers convenient, preservative-free options for both individual fans and large gatherings, available at major retailers nationwide.

MegaMex Foods has expanded its WHOLLY® Guacamole portfolio for foodservice operators with three new flavors: Jalapeño Garlic, Serrano Lime, and Cilantro Lime. These join the existing Classic and Southwest varieties, bringing the total to five pre-made guacamole options. The expansion responds to a Technomic study showing that 50% of operators value simplicity in using pre-made guacamole.

All WHOLLY® Guacamole products are made with 100% real Hass avocados, contain no artificial colors or flavors, and are fresh and ready to serve. The new flavors come in a 12/1 lb. case pack. This product line extension aims to provide foodservice operators with more versatile options for appetizers, toppers, and ingredients in various dishes.

The makers of SPAM® have launched a new -edition SPAM® Gochujang flavored variety, inspired by the popular Korean condiment. This new flavor combines spicy, sweet, smoky, and umami tastes, making it versatile for various dishes. The product is exclusively available in an eight-pack at Costco Wholesale Warehouses, while supplies last.

Gochujang, a fermented spicy red chili paste, is a staple in Korean cuisine. The new flavor aims to celebrate the love Korean-Americans have for the SPAM® brand. Jennesa Kinscher, senior brand manager for SPAM®, states that this new variety offers approachable heat while maintaining the versatility and convenience associated with SPAM® products.