HRL

Over the past six months (April - October 2026), Hormel Foods' stock experienced a notable decline, decreasing by 16.83% over the past year and 18.06% over the last 12 months. Year-to-date, the stock is down 14.75%, with a 6.20% decrease in the past month and a 9.15% drop over the past 30 days. A significant event was the weak fiscal third-quarter 2026 sales performance and a reduced full-year revenue outlook, which caused an approximate 10% stock drop on August 27, 2026. Although Q3 2026 adjusted diluted EPS beat estimates, net sales declined 2.4% year-over-year, missing expectations. Concerns about dividend sustainability due to a high payout ratio (169%) have also been noted. The market reaction to the acquisition of Brakebush, a value-added chicken company, announced on September 30, 2026, was muted due to delayed EPS contribution. In fiscal 2026, Hormel Foods divested its Brazil business and whole-bird turkey operations, sold its controlling equity interest in Justin's, and commenced a corporate restructuring plan in late 2025. Other recent events include Research & Development Executive Appointments on September 29, 2026, and the return of the PLANTERS® Brand to Macy's Thanksgiving Day Parade® on October 7, 2026.