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Hormel Foods ( (HRL) ) has issued an announcement.
At its January 27, 2026 annual meeting, Hormel Foods Corporation received shareholder approval for a new 2026 Equity and Incentive Compensation Plan, replacing its 2018 plan and authorizing 21,951,785 shares for a broad array of equity and cash-based awards aimed at attracting, retaining and incentivizing employees, officers, consultants and non-employee directors. The company also adopted an Executive Severance Plan, effective January 31, 2026, that provides designated officers with structured severance, COBRA-related payments, pro-rated bonuses and accelerated vesting of restricted stock units in cases of qualifying involuntary terminations, while excluding executives already covered by comparable individual agreements; at the same meeting, shareholders re-elected all 12 directors, ratified Ernst & Young as auditor for fiscal 2026, and gave strong advisory support to executive pay, signaling broad investor backing for Hormel’s governance, compensation framework and leadership continuity.
The most recent analyst rating on (HRL) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Hormel Foods stock, see the HRL Stock Forecast page.
Spark’s Take on HRL Stock
According to Spark, TipRanks’ AI Analyst, HRL is a Neutral.
Hormel Foods’ overall stock score reflects a balanced view of its financial performance, technical indicators, valuation, and earnings call insights. The company’s strong brand performance and strategic initiatives are positive, but challenges in profitability and cash flow efficiency, along with a high P/E ratio, weigh on the score.
To see Spark’s full report on HRL stock, click here.
More about Hormel Foods
Hormel Foods Corporation is a branded food company operating in the packaged and refrigerated foods industry, best known for its meat and protein products and a portfolio of consumer and foodservice brands sold in retail, deli and foodservice channels worldwide.
Average Trading Volume: 4,987,299
Technical Sentiment Signal: Sell
Current Market Cap: $13.54B
For an in-depth examination of HRL stock, go to TipRanks’ Overview page.