Several developments have unfolded at Hormel Foods Corporation (HRL). The company has undergone various stock transactions such as Ethic Inc., State of New Jersey Common Pension Fund D, Financial Advisors Network Inc., Sound Financial Strategies Group LLC, Three Seasons Wealth LLC and Legacy Capital Group California Inc. either reducing or taking positions in HRL. Furthermore, significant share purchases were made by entities such as Nuveen LLC, Kovitz Investment Group Partners LLC, Fjarde AP Fonden Fourth and Cresset Asset Management LLC. Amidst these movements, some analysts have turned bullish on the company, with firms like JPMorgan upgrading the stock due to protein demand.
On the corporate front, Hormel announced several leadership changes including appointing Jeffrey Ettinger as Interim CEO and John Ghingo as President. The company's earnings have also been a significant focus, with anticipation for their Q2 2025 results and declaration of 59th consecutive annual dividend increase. Interestingly, the company has captured interest with its pursuit for nominations for the 2025 class of 10 Under 20 Food Heroes and launch of new Hormel Pepperoni flavors.
Despite these positives, investors have experienced a loss of 31% if they invested five years ago. Hence, the performance and future direction of Hormel Foods in the bio-tech market continue to attract attention.
Hormel Foods Corporation HRL News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 23 Aug 2025 21:10:09 GMT - Rating 5 - Innovation -2 - Information 7 - Rumor -5
