Familiar in the market for food products, Hormel Foods Corporation (HRL) has had a substantial performance in the market. A maintainable dividend of $0.29 has been affirmed along with a staggering record of 387 straight quarters of dividend payments. Shares are getting acquired, notably by Vanguard Group Inc. and AssuredPartners Investment Advisors LLC acquiring significant quantities. Despite slight underperformance when compared to Dow, it remains an attractive high dividend yielding consumer defensive stock. Hormel's Board of Directors sees the return of Jeff Ettinger whereas Mark Ourada, Group Vice President, Foodservice, announces their retirement. The company also secures a hefty $750 Million revolving credit agreement. The intrinsic value of the company is also predicted to be 71% above its share price. The earnings conference held by Hormel recorded sales decline due to weak volumes. However, Hormel possesses a robust cash flow and strategic avenues for growth despite missing quarterly profit estimates because of increased input cost. Interestingly, Hormel, besides being recognized as a top employer for women, also happen to be one of the best Chocolate Stocks to invest in according to Hedge Funds.
Hormel Foods Corporation HRL News Analytics from Thu, 30 May 2024 07:00:00 GMT to Sat, 29 Mar 2025 20:00:42 GMT - Rating 6 - Innovation 2 - Information 8 - Rumor -3
