Hormel Foods stock fell 0.84 percent after Brakebush deal
Published on 10/05/2026 at 23:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hormel Foods (ISIN US4404521001) was last at USD 20.08 on the NYSE on October 5, 2026 at 4:00 p.m. ET, down 0.84 percent from USD 20.25. The central corporate event is the USD 1.055 billion acquisition of Brakebush Brothers, announced on September 30, 2026, with adjusted EPS accretion expected from fiscal 2028.
Brakebush expands Foodservice
According to Hormel Foods on September 30, 2026, Brakebush generated USD 1.2 billion in net sales over the last 12 months and operates five production facilities. Hormel expects the transaction to close during the first quarter of fiscal 2027, subject to regulatory approval and other customary conditions.
Reuters reported on September 30, 2026 that the deal is intended to expand Hormel's protein portfolio. The acquisition also deepens the company's Foodservice exposure, a useful counterweight to weaker retail volumes in the latest quarter.
Quarterly sales face pressure
For fiscal Q3 2026, Hormel reported USD 2.961 billion in revenue, USD 110.904 million in operating profit and GAAP diluted EPS of USD 0.11. The quarter ended July 26, 2026, and the figures come from the standardized quarterly statement for HRL.
In the fiscal Q3 earnings call dated August 27, 2026, Yahoo Finance reported adjusted EPS of USD 0.37, up 6 percent from the prior year, while organic net sales declined 2 percent. Management raised and narrowed fiscal 2026 adjusted EPS guidance to USD 1.45-1.51 from USD 1.43-1.51, creating a clearer earnings target while the top line remains constrained.
Consensus target stays above price
According to StrongBuyAnalytics on October 2, 2026, the reported analyst consensus was Hold, based on 8 estimates. The mean target was USD 25.94, with a USD 23 to USD 30 range; the mean price target lies 29.2 percent above the October 5 price.
Hormel also declared a quarterly dividend of USD 0.2925 per share on September 28, 2026. According to Hormel Foods, the payment is scheduled for November 16, 2026, to shareholders of record on October 13, 2026.
Stock remains near yearly low
Hormel Foods stock was last at USD 20.08 on the NYSE on October 5, 2026 at 4:00 p.m. ET. Its 52-week range was USD 19.42 to USD 26.60, while market capitalization stood at USD 11.1 billion and volume reached 6,148,564 shares.
Hormel Foods stock facts
- Company: Hormel Foods Corporation
- ISIN: US4404521001
- Ticker: HRL
- Trading venue: NYSE
- Price (as of October 5, 2026, 4:00 p.m. ET): USD 20.08
- Market capitalization: USD 11.1 billion (as of October 5, 2026)
- 52-week range: USD 19.42-26.60 (as of October 5, 2026)
- Sector / Industry: Consumer Defensive / Packaged Foods
- Index membership: S&P 500 and S&P 500 Dividend Aristocrats
