Advisors Preferred LLC, Pacer Advisors Inc., and Victory Capital Management Inc. have increased their positions in Hormel Foods Corporation (HRL), among others. Key leadership appointments include Jeffrey Ettinger as Interim CEO and John Ghingo as President. Despite the management change, HRL reported a disappointing 4.5% stock decrease over the past week, and the earnings report has not painted a better picture. Furthermore, stock purchases hint at the average broker rating being a 'Moderate Buy', suggesting mixed sentiments. The company has also announced an impressive 59th consecutive increase to its annual dividend, maintaining its status among businesses with high dividend yield. Notably, HRL was named among the 60 best companies to sell for for the 24th year running, and a business unit that creates products for vulnerable communities has set sales excellence as the key to long-term growth and shareholder value. This, combined with regular quarterly dividends and mixed earnings reports, suggests a volatile yet promising road ahead.
Hormel Foods Corporation HRL News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 26 Jul 2025 18:29:40 GMT - Rating 1 - Innovation 4 - Information 5 - Rumor -2
