Korea Investment CORP and Pictet Asset Management Holding SA have adjusted their shares in Hormel Foods Corporation (HRL), with the latter buying 14,503 shares. The company has been among the top high-yield stocks for dividend capture in recent months, affirming its $0.29 dividend and announcing its 59th consecutive increase in annual dividend. Hormel also reported notable leadership promotions to aid its retail growth strategy and strategic elevations. Jeff Ettinger has been appointed to Hormel's Board of Directors, a significant move considering the upcoming retirement of the CEO, James P. Snee. Performance-wise, despite some quarters missing estimates, Hormel maintains a value-added portfolio and is implementing strategic transformations. They continue to focus on innovation, such as forecasting 2025 pizza trends and unveiling new products like the Hot Honey Sliced Sausage. Concerns over the retail segment's decline and the three-year 34% stock loss have been prominent, yet the company's intrinsic value potentially stands 71% above its share price.
Hormel Foods Corporation HRL News Analytics from Thu, 30 May 2024 07:00:00 GMT to Sat, 05 Apr 2025 18:58:33 GMT - Rating -1 - Innovation 3 - Information 7 - Rumor -4
