Advisor Resource Council invested
$314,000 in
Hormel Foods Corporation (HRL). The corporation announced its
388th consecutive quarterly dividend and reported
mixed Q2 results, which led to
adjustments in its guidance.
Earnings met estimates, despite sales increasing year-over-year (Y/Y) and
pressure on margins due to issues in Brazil. Amid these outcomes, Woodline Partners LP acquired new holdings in the corporation. The stock, however, experienced a sharp volume decline which raises some
concerns. Additionally, a SWOT analysis of the corporation was performed. Despite
commodity challenges they saw solid
organic growth. While Q1 earnings did miss their targets due to supply chain and consumer headwinds, the corporation seemed.
confident about solid growth in the
second half of the year.
Stephens reiterated its
'Equal Weight' rating on Hormel Foods while BNP Paribas upgraded its rating to a
'Hold'. Vermillion Wealth Management,Inc. made a new
investment, expecting tariff relief to boost the outlook of the corporation.
Hormel Foods Corporation HRL News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 31 May 2025 21:51:17 GMT -
Rating +1
- Innovation -6
- Information +7
- Rumor +3
