Hormel Foods Corporation (HRL) has had several notable occurrences. The company recently declared its 388th consecutive quarterly dividend, maintaining its impressive 95-year dividend streak. At the same time, Hormel Foods has also been the focus of diverse investment activities. Institutions like Tang Capital Management LLC, Focus Partners Wealth, Two Sigma Advisers, and Voloridge Investment Management have grown or initiated their holdings in the company. In executive movements, Jeff Baker has been appointed as the Group Vice President for Retail Marketing while Scott Aakre, the Group Vice President and Chief Marketing Officer for Retail, is set to retire after a remarkable 35-year-long career.
On the financial side, Hormel's Q1 2025 earnings report fell short of estimates, with weak volumes leading to a drop in sales. On the other hand, the company has kept its quarterly dividend consistent at $0.29 per share. A leadership transition also occurred in the company with James P. Snee, the Chairman, President, and CEO, intending to retire at the end of the Fiscal Year. Lastly, the company is planning to hold its second-quarter earnings conference call soon.
Hormel Foods Corporation HRL News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 24 May 2025 13:32:41 GMT - Rating -3 - Innovation 4 - Information 8 - Rumor -2
