
Hormel Foods on Tuesday named insider and industry veteran John Ghingo as CEO, as the Skippy peanut-butter maker looks to drive growth and modernize operations amid a challenging consumer spending environment.
Hormel Foods Corporation is an American company founded in 1891 in Austin, Minnesota, by George A. Hormel as George A. Hormel & Company. Originally focusing on the packaging and selling of ham, Spam, sausage and other pork, chicken, beef and lamb products to consumers; by the 1980s, Hormel began offering a wider range of packaged and refrigerated foods.
| Revenue (TTM) | $12.22B |
| Gross Profit (TTM) | $1.93B |
| EBITDA | $1.25B |
| Operating Margin | 11.10% |
| Return on Equity | 5.83% |
| Return on Assets | 4.58% |
| Revenue/Share (TTM) | $22.20 |
| Book Value | $14.45 |
| Price-to-Book | 1.80 |
| Price-to-Sales (TTM) | 1.15 |
| EV/Revenue | 1.337 |
| EV/EBITDA | 16.27 |
| Quarterly Earnings Growth (YoY) | -5.10% |
| Quarterly Revenue Growth (YoY) | -2.90% |
| Shares Outstanding | $550.28M |
| Float | $290.59M |
| % Insiders | 0.48% |
| % Institutions | 93.97% |
Volatility is currently contracting

Hormel Foods on Tuesday named insider and industry veteran John Ghingo as CEO, as the Skippy peanut-butter maker looks to drive growth and modernize operations amid a challenging consumer spending environment.

Ghingo, current president, will succeed interim CEO Jeff Ettinger at fiscal year-end following a deliberate leadership transition AUSTIN, Minn., July 28, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced its board of directors has appointed John Ghingo president and chief executive officer, effective Oct. 26, 2026.

Hormel Foods remains a "Buy," leveraging strong brand power and a strategic focus on margin-accretive growth. HRL delivered Q2 net sales up 2.5% and adjusted diluted EPS up 14.3% year-over-year, beating consensus. Shares trade at a forward P/E of 15.8, a 13% discount to the estimated fair value P/E of 18 ($28/share).

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The S&P 500 is up about 10% this year, yet 80% of that gain comes from technology stocks, many of which are tied to artificial intelligence.

HRL's latest portfolio move underscores its push to streamline international operations and focus on markets with stronger long-term growth potential.

AUSTIN, Minn., June 29, 2026 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced it has entered into a definitive agreement to sell its Brazilian operations, operated under the CERATTI® brand to Zanchetta Alimentos LTDA, a Brazilian food company with an established presence in the market.

Hormel Foods has increased its dividend for a stunning 60 consecutive years. It's a vaunted Dividend Aristocrat more than twice over. Hormel has a very good financial position. Its long-term debt/equity ratio is 0.4, while the interest coverage ratio is around 10. The P/E ratio is sitting at 17.4, based on midpoint guidance for this year's adjusted EPS. That's about as low as I've seen it on this stock.
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