Top 5 Food Companies For 2015

Top 5 Food Companies For 2015: Hormel Foods Corporation (HRL)

Hormel Foods Corporation processes, markets, and sells consumer-branded meat and food products. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. The Grocery Products segment offers shelf-stable food products, including canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, meat spreads, flour and corn tortillas, salsas, and tortilla chips in the retail market. The Refrigerated Foods segment provides branded and unbranded pork and beef products for retail, foodservice, and fresh product customers. The Jennie-O Turkey Store segment offers branded and unbranded turkey products for retail, foodservice, and fresh product customers. The Specialty Foods segment is involved in the packaging and sale of various sugar and sugar substitute products, salt and pepper products, liquid portion products, dessert mixes, ready-to-drink products, sports nutrition products, g elatin products, and private label canned meats to retail and foodservice customers. This segment also processes, markets, and sells nutritional food products and supplements to hospitals, nursing homes, and other marketers of nutritional products. The International and Other segment manufactures, markets, and sells its products internationally. Hormel Foods Corporation sells its products through sales personnel, as well as through independent brokers and distributors primarily in the United States, Australia, Canada, China, England, Japan, Mexico, Micronesia, the Philippines, and South Korea. The company was formerly known as George A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is based in Austin, Minnesota.

Advisors' Opinion:

• [By Maria Armental and Tess Stynes ! var popups = dojo.query(".socialByline .popC"); ]

  Hormel Foods Corp.(HRL) said its fiscal second-quarter earnings rose 12%, as the packaged-foods maker posted stronger sales in its main refrigerated-foods business. However, the company said it expects earnings for the year to hit the low-end of its guidance, as higher pork, beef, turkey and avocado costs–driven by tight raw material supplies–weigh on margins. Shares fell 2.6% to $47.26.

• [By Steven Russolillo]

  WATCH FOR:  No major economic data on dap. American Eagle, Booz Allen, Eaton Vance(EV), Hormel Foods(HRL), L Brands(LB), Lowe's(LOW), NetApp, PetSmart(PETM), Renren(RENN), Sina, Target, Tiffany, Trina Solar(TSL) and Williams-Sonoma(WSM) are among companies scheduled to report quarterly results.

• [By Sue Chang and Saumya Vaishampayan]

  Hormel Foods Corp. shares (HRL)  shed 2.8%. The food manufacturer posted second-quarter earnings of 52 cents a share, which missed Wall Street expectations. Hormel said it expects full-year earnings to be toward the lower end of its previous outlook of $2.17 to $2.27 a share, pressured by higher costs of pork, beef, turkey and avocado.

• [By Monica Gerson]

  Analysts are expecting Hormel Foods (NYSE: HRL) to have earned $0.56 per share on revenue of $2.24 billion in the second quarter. Hormel shares surged 0.25% to $48.65 in after-hours trading.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-food-companies-for-2015.html