There are several significant financial movements and management transitions taking place at
Hormel Foods Corporation(NYSE:HRL).
Mather Group LLC and
DAVENPORT & Co LLC retain notable holdings, while
KBC Group NV and
Diversified Trust Co have sold considerable shares. Notably, the company confirmed a
dividend of $0.29 and announced a
59th consecutive increase to it. In the leadership lineup,
Jeffrey M. Ettinger steps in as interim CEO, succeeding
John Ghingo, with
Jeff Baker named as Group Vice President for Retail Marketing. Unfortunately, HRL's Q1 earnings have
fallen short of estimates due to weak volumes. However, HRL has shown impressive corporate responsibility through
disaster relief support for the California Wildfires. Analysts set an
average price target of $32.86 and overall,
Goldman Sachs has given the company a
buy rating. Despite challenging circumstances,
Hormel Foods retains a solid positioning within the consumer defensive sector.
Hormel Foods Corporation HRL News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 05 Jul 2025 09:26:14 GMT -
Rating 6
- Innovation 0
- Information 8
- Rumor -2
