The Hormel Foods Corporation (HRL) has undergone considerable changes. A new leadership change in their supply chain has been announced alongside a major shake-up as they wait for a new CEO. Hormel Foods is considered among the top high yield and best dividend stocks for purchase in April. They affirm dividends at $0.29 and have announced a 59th consecutive increase to the annual dividend. Despite its plans to navigate transformation amidst industry headwinds, there is some speculation that Hormel Foods' intrinsic value could be 71% above its current share price. Holdings in the company are increasing with shares being bought by entities such as Aviva PLC and Geode Capital Management LLC. However, this is flanked by the sale of shares by organizations like Prudential Financial Inc.
Hormel Foods has confirmed 387 straight quarters of dividend payments establishing it as a strong dividend king. The company has experienced strategic elevations in their retail leadership and has unveiled 2025 food trends forecast. However, despite a strong history, it missed Q1 earnings estimates due to weak volumes. Hormel Foods have steadied their footing in the stock market as one of the best growth stocks according to hedge funds.
Hormel Foods Corporation HRL News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 12 Apr 2025 00:11:09 GMT - Rating 2 - Innovation -2 - Information 5 - Rumor -6
