Hormel Foods Corporation is experiencing mixed market action. The company has some weak fundamentals indicating potential downturns, yet it retains significant control through company-owned foundations, which hold 47% of shares, with another significant chunk held by institutions (43%). Acquisitions have soared with Federated Hermes, Inc. and Russell Investments Group, Ltd investing. A leadership change in the supply chain and Q4 fiscal 2024 results were announced, followed by a few optimistic upgrades by BofA Securities. Further, larger investment firms like Cerity Partners LLC being found amongst shareholders and Distillate Capital Partners LLC purchasing over 500,000 shares. The company boasted a remarkable record of quarterly dividend increases, 59 times in a row to be exact, and affirmed a dividend of $0.29. Yet, it underperformed the Dow and was noted for weak volume during Q1 earnings, influencing investor attitudes. However, Hormel did manage to sustain 387 straight quarters of dividend payments. Despite challenges, the corporation reported reliable performance in its value-added portfolio. Additionally, a leadership change with the retirement of James P. Snee, the company's CEO, gave rise to speculation.
Hormel Foods Corporation HRL News Analytics from Wed, 07 Aug 2024 07:00:00 GMT to Sat, 19 Apr 2025 18:42:19 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -5
