The several important pieces of news about Hormel Foods Corporation HRL include potential growth of the firm's intrinsic value being significantly above its current share price. Changes in the leadership structure included adding Jeff Ettinger into the Board of Directors and appointing new vice presidents. Various investment firms have increased or decreased their positions in Hormel Foods stock. Consistent increases in the annual dividend are reported, with the most recent announcement marking the 59th consecutive raise. Lately, the company’s earnings have been mixed, with some reporting quarters missing estimates due to higher input costs and weak volumes. Nevertheless, sales targets for Q4 were well-surpassed. Hormel Foods is among the best chocolate stocks to buy, according to hedge funds. The retirement of the company's CEO James P. Snee is upcoming at the end of the fiscal year. The company announced the retirement of Brian Johnson, Vice President, with Mike Clausman appointed as the new Vice President. Also, the company introduced a new product - FONTANINI® Hot Honey Sliced Sausage. Overall, the sentiment towards Hormel Foods Corporation remains mixed.
Hormel Foods Corporation HRL News Analytics from Thu, 30 May 2024 07:00:00 GMT to Sat, 22 Mar 2025 09:21:55 GMT - Rating -1 - Innovation -4 - Information 5 - Rumor 4
