Hormel announces definitive agreement to sell its whole-bird turkey business
Hormel Foods has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI). The sale, expected to close by the end of Q2 2026, includes the Melrose production facility, Swanville feed mill, and associated transport assets, but excludes JENNIE-O branded products. Hormel aims to focus on value-added protein while LSI will take over supply contracts and provide co-manufacturing services during the transition.
Hormel sells whole-turkey business to another Minnesota company, but Jennie-O remains
Hormel Foods is selling its whole-bird turkey business to Willmar-based Life-Science Innovations, a move aimed at reducing exposure to volatile, commodity-driven businesses. While Hormel will retain the Jennie-O brand and continue to sell ground turkey, the sale includes a production facility and feed mill. This strategic decision comes as the turkey industry faces declining consumer demand and fluctuating commodity prices.
Hormel to sell whole-bird turkey unit to LSI
Hormel Foods Corp. has announced its agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI). The sale includes facilities in Melrose and Swanville, Minnesota, and associated assets, with the transaction expected to close by the end of Hormel's fiscal second quarter of 2026. Financial terms were not disclosed, and Hormel anticipates minimal impact on its adjusted fiscal 2026 financial results.
Bright Futures in Austin
Hormel Foods has invested in a state-of-the-art childcare facility, Inspired Beginnings Learning Academy, in Austin, Minnesota, to address the community's need for quality childcare. Created in partnership with Bright Horizons, the center serves up to 130 children, offering a premium early education solution for Hormel Foods team members and the wider community. This initiative reflects Hormel's commitment to supporting families and strengthening Austin by providing a nurturing and educational environment for children.
Canned History
Stephanie Kibler, the new SPAM® Museum Manager, is dedicated to sharing the famous brand's history, having previously worked to connect people with local history. She also oversees the Hormel Foods archives. Kibler aims to continue the museum's role in local tourism and community vitality, focusing on engaging exhibits and preserving the SPAM® brand's story.
Should Beyond Meat’s (BYND) Asset Impairment and SEC Filing Delays Prompt Investor Reassessment of Management Transparency?
Beyond Meat is facing federal securities class action lawsuits alleging misrepresentation of asset value and delayed SEC filings following a US$77.4 million impairment charge in Q3 2025. These legal challenges, coupled with existing concerns about weak demand, premium pricing, and ongoing losses, introduce significant uncertainties for investors regarding the company's financial credibility and management transparency. The article suggests that these issues could overshadow any positive developments like new product launches or cost-cutting efforts, urging investors to reassess the company's investment narrative.
JM Smucker resets strategy with leadership shake-up, sharper brand focus
JM Smucker Co has reorganized its corporate leadership and is shifting its strategy to focus on organic growth, debt reduction, and shareholder returns, moving away from acquisitions. The company plans to boost profitability by expanding margins in its coffee and Uncrustables segments, while also streamlining its Hostess brand. Leadership changes include expanded roles for the CFO and General Manager, aimed at enhancing profitability and executing long-term growth.
How HRL Is Reshaping Its Portfolio to Support Long-Term Growth
Hormel Foods Corporation (HRL) is strategically reshaping its business by divesting its whole-bird turkey operations to Life-Science Innovations. This move aims to reduce exposure to commodity-driven products and focus on higher-margin, value-added protein offerings while still retaining the Jennie-O brand. The company anticipates a limited impact on its fiscal 2026 results and has outperformed the S&P 500 recently, although its current valuation suggests a premium compared to industry peers.
Hormel Foods at CAGNY 2026: Strategic Growth Amid Challenges
Hormel Foods presented its strategic vision at CAGNY 2026, emphasizing a protein-centric approach to drive profitable growth despite facing raw material cost challenges in 2025. The company reported its fifth consecutive quarter of organic net sales growth and outlined key initiatives including portfolio optimization, supply chain improvements, and technology modernization. Hormel reaffirmed its fiscal 2026 outlook, targeting 1%-4% organic net sales growth and 4%-10% adjusted diluted earnings per share growth, underpinning its commitment to long-term profitability.
Life-Science Innovations to buy Hormel’s ‘whole-bird turkey’ segment
Hormel Foods has agreed to sell its whole-bird turkey business to Willmar-based Life-Science Innovations, with the sale expected to close by the end of the second quarter of fiscal year 2026. This move allows Hormel to expand its value-added protein portfolio and reduce exposure to commodity-driven businesses, while Life-Science Innovations will gain facilities, supply contracts, and continue its longstanding relationship with Jennie-O. The financial details remain undisclosed, but Hormel anticipates a low impact on its adjusted 2026 results.
Hormel to Sell Whole-Bird Turkey Business
Hormel Foods Corp. has announced it will sell its whole-bird turkey business to Life-Science Innovations to reduce exposure to commodity market volatility. The sale includes a plant, feed mill, and transportation assets, but Hormel retains its Jennie-O brand. This move aligns with Hormel's strategy to focus on value-added proteins, especially in light of recent avian influenza outbreaks.
Smithfield Plans New $1.3B South Dakota Pork Plant
Smithfield Foods announced plans to invest an estimated $1.3 billion in a new, highly automated pork processing plant in Sioux Falls, South Dakota. This facility is intended to replace its existing downtown plant and combine fresh pork processing and packaged meat production. Production is projected to commence in late 2028, pending regulatory and board approvals.
Hormel Foods Posts Q1 Preliminary Results: What Lies Ahead?
Hormel Foods (HRL) reported preliminary Q1 fiscal 2026 results, showing modest sales growth and stable earnings, with net sales expected to be around $3 billion and adjusted EPS at 34 cents. The company reaffirmed its fiscal 2026 outlook, targeting 2-3% organic revenue growth and 5-7% operating profit expansion, driven by its protein-centric portfolio and strategic initiatives like its Transform and Modernize program. Hormel also announced the sale of its whole-bird turkey business to Life-Science Innovations, which is expected to have a minimal impact on full-year guidance.
Hormel selling whole-bird turkey business
Hormel Foods Corp. is selling its whole-bird turkey business to Life-Science Innovations (LSI) to reduce its exposure to volatile commodity markets and focus on value-added protein products. The transaction includes a production facility and feed mill in Minnesota, and LSI will provide co-manufacturing services during a transition period. The Jennie-O brand name and its broader product line are not affected by this sale.
Hormel Foods Sells Whole-Bird Turkey Business to Life-Science Innovations
Hormel Foods Corporation has agreed to sell its whole-bird turkey business to Life-Science Innovations (LSI) to focus on its value-added protein portfolio. The transaction, expected to close by the end of Hormel's fiscal second quarter 2026, includes production facilities and supply contracts, but does not impact the broader JENNIE-O brand. Hormel will also provide co-manufacturing services to LSI during the transition period.
Life-Science Innovations to buy Hormel’s ‘whole-bird turkey’ segment
Hormel Foods has reached an agreement to sell its whole-bird turkey business to Life-Science Innovations. The sale, expected to close by the end of fiscal year 2026, includes production facilities and related assets in Melrose and Swanville. Hormel Foods stated this move aligns with its strategy to focus on value-added protein products and reduce exposure to commodity-driven businesses, while Jennie-O branded products will not be impacted.
Hormel (NYSE: HRL) posts Q1 prelims and sells whole-bird turkey unit
Hormel Foods Corporation reported preliminary first quarter fiscal 2026 results, expecting net sales of approximately $3 billion and reaffirming its fiscal 2026 guidance. The company also announced a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations, with minimal estimated impact on its 2026 financial guidance. These moves are part of Hormel's portfolio shaping efforts and reflect a solid start to the year, aiming for long-term profitable growth.
Hormel Foods to divest whole-bird turkey business to Life-Science Innovations
Hormel Foods has announced a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI). This divestiture aligns with Hormel's strategy to focus on value-added protein expansion and reduce exposure to commodity-driven segments. The transaction, expected to close by the end of Hormel's second fiscal quarter of 2026, includes facilities and supply contracts, but significantly, the Jennie-O brand name and broader product array are not part of the sale.
Hormel Foods' Preliminary Q1 Adjusted Earnings Projections Beat Estimates; Sells Minnesota Turkey Assets to Life-Science Innovations
Hormel Foods announced preliminary adjusted earnings projections for Q1 2026 that exceeded analyst estimates. Concurrently, the company has entered a definitive agreement to sell its Minnesota turkey assets, which include its whole-bird turkey business, to Life-Science Innovations. This strategic move aligns with Hormel's portfolio management and financial performance expectations.
Hormel Foods sells whole-bird turkey business, forecasts continued organic sales growth (HRL:NYSE)
Hormel Foods (HRL) has announced the sale of its whole-bird turkey business to Life-Science Innovations. Concurrently, the company projects approximately $3 billion in net sales for the first quarter of fiscal 2026, which would represent its fifth consecutive quarter of year-over-year organic growth.
Hormel to sell whole-bird turkey business to LSI alongside $3B Q1 outlook
Hormel Foods announced preliminary Q1 fiscal 2026 results, expecting approximately $3.0 billion in net sales and $0.34 adjusted diluted EPS, while reaffirming its full-year guidance. The company also entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations, with the transaction anticipated to close by the end of Q2 fiscal 2026. Final Q1 results will be released on February 26, 2026.
Hormel Foods Announces Preliminary First Quarter 2026 Results and Reaffirms Full-Year Adjusted Guidance
Hormel Foods announced preliminary first quarter fiscal 2026 results, expecting net sales of $3 billion and diluted EPS of $0.33, along with adjusted diluted EPS of $0.34. The company reaffirmed its full-year guidance and announced a definitive agreement to sell its whole-bird turkey business. These updates come ahead of its presentation at the 2026 Consumer Analyst Group of New York (CAGNY) Conference, with official Q1 results scheduled for release on February 26, 2026.
10 Stocks For Long-Term Passive Income
This article identifies 10 passive income stocks with dividend yields over 5% that are suitable for long-term investment. Each stock highlighted (Hormel Foods, United Bancorp, Prudential Financial, Enterprise Products Partners LP, T. Rowe Price Group, HP Inc., Altria Group, Blue Owl Capital, and Perrigo plc) is briefly analyzed for its financial performance, dividend history, and prospects. The selection criteria include durable competitive advantages, strong earnings, and sustainable payout ratios.
Hormel Foods Announces Preliminary First Quarter 2026 Results and Reaffirms Full-Year Adjusted Guidance
Hormel Foods announced preliminary first quarter fiscal 2026 results, expecting net sales of approximately $3 billion with 2% organic net sales growth, and diluted EPS of $0.33, adjusted to $0.34. The company also reaffirmed its full-year fiscal 2026 guidance and is selling its whole-bird turkey business to Life-Science Innovations as part of its portfolio shaping efforts. These updates were released ahead of its presentation at the 2026 Consumer Analyst Group of New York (CAGNY) Conference.
Hormel Foods Announces Definitive Agreement to Sell its Whole-Bird Turkey Business to Life-Science Innovations
Hormel Foods has entered a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations as part of a strategic shift towards value-added protein offerings. The transaction, expected to close by late second quarter fiscal 2026, includes the Melrose production facility and Swanville feed mill. This move aims to reduce Hormel's exposure to commodity-driven businesses while strengthening the value-added aspects of its JENNIE-O® brand, which is not impacted by the sale.
Familiar face: Why food and beverage companies are bringing back former CEOs
In a period of volatility for the food and beverage industry, companies like Boston Beer, Simply Good Foods, and Hormel are re-hiring former CEOs to provide stability and leverage their proven track records. This trend is driven by a desire for trusted leadership amidst economic headwinds and changing consumer preferences. While sometimes indicative of recent struggles, bringing back a familiar face can also be a strategic move to navigate challenging market conditions or prepare a company for a future internal succession.
Hormel Foods Corp. (NYSE:HRL) Offers a Compelling Mix of High Yield and Financial Stability for Dividend Investors
Hormel Foods Corp. (NYSE:HRL) is presented as an attractive option for dividend investors due to its high dividend yield (4.99%), consistent payment history, and stable financial health. While not a rapid-growth company, its satisfactory profitability, strong balance sheet (Altman-Z score of 3.54), and fair valuation make it a suitable conservative income stock. The article emphasizes that Hormel represents a stable foundation for a dividend-focused portfolio, providing reliable income despite recent margin challenges and moderate growth prospects.
Hormel Appoints New Supply Chain VP
Hormel Foods Corp. has named Will Bonifant as its new group vice president and chief supply chain officer, effective March 9. Bonifant will oversee the company's global supply chain operations, including procurement, manufacturing, and logistics. He brings extensive experience from The Hershey Company and The Boston Consulting Group, as well as service as a U.S. Navy submarine officer.
Hormel Foods Names Will Bonifant Group Vice President and Chief Supply Chain Officer
Hormel Foods Corporation has appointed Will Bonifant as Group Vice President and Chief Supply Chain Officer, effective March 9. Bonifant, previously with The Hershey Company, will oversee Hormel's global supply chain operations including procurement, manufacturing, and logistics. His experience in scaling complex operations and driving transformation is expected to strengthen Hormel's supply chain strategy.
Keurig Dr Pepper Announces New Directors and Governance Changes; Appoints two highly qualified independent directors to the Board; Establishes new Board committees reinforcing strong governance
Keurig Dr Pepper (NASDAQ: KDP) announced the appointment of two new independent directors, Amie Thuener and William "Bill" Newlands, to its Board, effective March 2. The company will also separate its Remuneration & Nominating Committee into new Nominating & Governance and Compensation Committees as part of its ongoing transformation and value creation agenda. These changes are in preparation for the closing of the JDE Peet's acquisition and the eventual separation into two independent companies.
Hormel Taps Hershey Veteran To Tackle Supply Chain And Margin Pressures
Hormel Foods has appointed Will Bonifant, a Hershey veteran, as Chief Supply Chain Officer to address supply chain efficiency and input cost volatility. This strategic hire aims to tackle margin pressures and operational disruptions, leveraging Bonifant's extensive global experience in procurement, plant operations, logistics, and engineering. Investors will be watching for improvements in cost control, inventory management, and overall operational efficiency as a result of this leadership change.
Is Hormel Foods (HRL) Now Attractive After Multi Year Share Price Declines
Hormel Foods (HRL) has experienced multi-year share price declines, prompting an analysis of its current valuation using Discounted Cash Flow (DCF) and Price-to-Earnings (P/E) ratios. The DCF model suggests the stock is undervalued by 51.6% at $48.41 per share compared to its current price of $23.44. However, its P/E ratio of 26.96x is higher than the industry average, indicating it might be overvalued based on earnings comparisons.
Hormel names Will Bonifant group vice president and chief supply chain officer
Hormel Foods Corporation has appointed Will Bonifant as group vice president and chief supply chain officer, effective March 9. In this role, Bonifant will oversee the company's global supply chain operations, including procurement, manufacturing, planning, logistics, engineering, and innovation. He previously held leadership positions at The Hershey Company and the Boston Consulting Group, bringing extensive experience in scaling complex operations and driving supply chain transformation.
Hormel names Will Bonifant group vice president and chief supply chain officer
Hormel Foods Corporation has appointed Will Bonifant as group vice president and chief supply chain officer, effective March 9. He will be responsible for leading the company's global supply chain operations, including procurement, manufacturing, planning, logistics, engineering, and supply chain innovation. Bonifant previously worked at The Hershey Company for 15 years, leading supply chain strategy, manufacturing, and engineering across a global network.
Stephens Cuts Hormel (HRL) PT to $25, Sees Near-Term Margin Pressure Despite 2026 Improvement
Stephens has lowered its price target for Hormel Foods Corporation (HRL) to $25 from $27, maintaining an Equal Weight rating due to anticipated near-term margin pressure in Q1. This pressure is attributed to a timing gap between pricing adjustments and changes in input costs, although management expects earnings to improve throughout 2026. The firm notes potential easing of input costs from higher hog slaughter levels but also highlights risks from highly pathogenic avian influenza impacting turkey operations.
Hormel Foods Names Will Bonifant Group Vice President and Chief Supply Chain Officer
Hormel Foods Corporation has appointed Will Bonifant as Group Vice President and Chief Supply Chain Officer, effective March 9. In this role, Bonifant will be responsible for leading the company's global supply chain operations, including procurement, manufacturing, planning, logistics, engineering, and supply chain innovation. This strategic move aims to leverage Bonifant's proven leadership in scaling complex operations and building modern capabilities across global networks.
Hormel Foods (HRL) Appoints New Head of Supply Chain Operations
Hormel Foods has appointed Will Bonifant as Group Vice President and Chief Supply Chain Officer, effective March 9. Bonifant, previously from Hershey, will oversee Hormel's global supply chain operations, including procurement, manufacturing, logistics, and innovation. This strategic hire aims to enhance the company's supply chain efficiency and innovation as Hormel continues to evolve its product offerings in the consumer packaged goods sector.
Hormel Foods Names Will Bonifant Group Vice President and Chief Supply Chain Officer
Hormel Foods Corporation has appointed Will Bonifant as Group Vice President and Chief Supply Chain Officer, effective March 9. Bonifant, previously with The Hershey Company, will oversee Hormel's global supply chain operations including procurement, manufacturing, and logistics. His appointment aims to strengthen the company's supply chain and support its long-term strategy, leveraging his extensive experience in complex global operations.
Hershey supply chain executive, Navy vet to lead Hormel supply chain
Hormel Foods has appointed Will Bonifant as Group Vice President and Chief Supply Chain Officer, effective March 9, 2026. Bonifant joins Hormel from The Hershey Company, where he spent 15 years leading supply chain strategy, manufacturing, and engineering for a 20-plant network across various global markets. His background also includes management consulting and serving as a U.S. Navy submarine officer, bringing extensive experience in complex operations and global supply chain management to Hormel Foods.
Hormel Foods Names Will Bonifant Group Vice President and Chief Supply Chain Officer
Hormel Foods Corporation has announced the appointment of Will Bonifant as group vice president and chief supply chain officer, effective March 9. Bonifant, who previously held leadership positions at The Hershey Company and served in the U.S. Navy, will be responsible for leading Hormel Foods' global supply chain operations. This appointment aims to strengthen the company's supply chain capabilities and advance its long-term strategic goals.
Keurig Dr Pepper adds two independent directors, restructures board committees
Keurig Dr Pepper (KDP) is adding two independent directors, Amie Thuener and William Newlands, to its board and restructuring its committee organization, effective March 2. This move comes as the company prepares for the closing of its JDE Peet's acquisition and a subsequent separation into two independent companies. Thuener will join the Audit & Finance Committee, while Newlands will serve on the newly created Nominating & Governance Committee, separating the previous Remuneration & Nominating Committee into two distinct bodies.
Keurig Dr Pepper Announces New Directors and Governance Changes
Keurig Dr Pepper (KDP) announced the appointment of two new independent directors, Amie Thuener and William "Bill" Newlands, to its Board, effective March 2. The company is also separating its Remuneration & Nominating Committee into new Nominating & Governance and Compensation Committees to strengthen governance as it approaches the JDE Peet's acquisition closing and plans for a future separation into two independent companies. These changes aim to enhance KDP's transformation and value creation agenda, bringing diverse expertise to the Board at a pivotal time.
Hormel Foods Stock: Analyst Estimates & Ratings
Hormel Foods (HRL) has underperformed the broader market and a food & beverage ETF over the past year due to input cost inflation, supply chain issues, product recall, and a facility fire. Despite these challenges, the company is focusing on cost savings, marketing, and portfolio reshaping for growth. Analysts currently have a "Moderate Buy" consensus rating for HRL, with a mean price target suggesting a 13.3% premium from current levels.
Hormel Foods Stock: Analyst Estimates & Ratings
Hormel Foods Corporation (HRL) has underperformed the broader market and a food & beverage ETF over the past year due to input cost inflation and supply chain issues. Despite these challenges, the company's Q4 results showed adjusted EPS beating expectations, and analysts maintain a "Moderate Buy" consensus rating with a potential upside from current price levels. Hormel is focusing on cost savings and portfolio reshaping to drive future growth.
Fund Update: New $15.6M $HRL stock position opened by Fidelity National Financial, Inc.
Fidelity National Financial, Inc. has initiated a new $15.6 million stock position in Hormel Foods Corporation ($HRL), as revealed in their recent SEC 13F filing for the 12-31-2025 report period. This report also details significant institutional investor activity in $HRL, including major additions by INVESCO LTD. and VICTORY CAPITAL MANAGEMENT INC, alongside insider and congressional trading data. Additionally, the article highlights recent government contracts awarded to $HRL and various analyst ratings and price targets for the stock.
Fund Update: New $15.6M $HRL stock position opened by Fidelity National Financial, Inc.
Fidelity National Financial, Inc. has initiated a new $15.6 million position in Hormel Foods Corporation ($HRL) stock, as revealed in a recent SEC 13F filing for the reporting period ending December 31, 2025. This article details significant hedge fund activity, insider trading, government contracts awarded to $HRL, congressional stock trading, and recent analyst ratings and price targets for the company. It highlights both increased and decreased institutional holdings, a recent insider sale, substantial government contract awards, and a mix of analyst buy/overweight ratings with a median price target of $26.5.
JBS stock price today: NYSE:JBS slips as Oman $150 million deal and March results date loom
JBS N.V. (NYSE: JBS) slipped approximately 0.2% after news of a $150 million equity investment in a joint venture in Oman for halal food production. Investors are also anticipating the release of annual results on March 25, which will cover the year ended December 31, 2025. The Oman deal, contingent on regulatory approval and facility construction, marks JBS's first upstream investment in the Middle East.
Stephens Lowers Hormel Foods (NYSE:HRL) Price Target to $25.00
Stephens analysts have reduced their price target for Hormel Foods (NYSE:HRL) from $27.00 to $25.00, while maintaining an "equal weight" rating. This adjustment implies a modest 2.84% upside from the stock's previous close. Despite beating EPS expectations for its latest quarter, Hormel Foods' revenue slightly missed forecasts, contributing to a "Hold" consensus rating among analysts.
(02/10/26) Top Picks 2026: Hormel Foods Corp. (HRL)
Prakash Kolli names Hormel Foods Corp. (HRL) as a top pick for income and value investors in 2026, despite recent struggles with input costs and sales model changes. Hormel, a Dividend King, boasts a nearly 5% dividend yield, a sound balance sheet, and a favorable risk-to-reward profile. The return of its prior CEO is expected to improve operational execution and drive better results.
Smithfield to shutter sausage plant
Smithfield Foods Inc. is closing its dry sausage facility in Springfield, Mass., leading to 190 layoffs between April and September 2026. Production will shift to other Smithfield facilities with existing capacity. This announcement follows Smithfield's plan to purchase Nathan’s Famous Inc. for approximately $450 million.
