Hormel Foods Corporation (HRL) has been experiencing a series of financial ups and downs. It's seen significant
investment buying from entities like Martin Capital Partners, Swedbank, and OMERS while also encountering selling from the likes of the Royal Bank of Canada and Trexquant. Despite achieving environmental milestones, a
soft outlook based on commodity inflation has caused turmoil. HRL shares have hit a 52-week low, and the company's
profit recovery is lagging. Adding to the concern, the company has reassessed its
2025 earnings outlook, which recorded a 13% drop, shifting its investment narrative alongside it. A
change in leadership for Hormel was also announced with elevation of John Ghingo to president and appointment of Jeffrey Ettinger as interim CEO.
Analysts place the target price for HRL shares at $30.88. Moreover, Hormel continues to face margin pressure from rising commodity costs, including surges in beef and nut prices. Despite these setbacks, Hormel has announced its
59th consecutive dividend increase. Even with a loss of 31% for investors who invested five years ago, Hormel's dividend remains attractive for those chasing high yield stocks.
Hormel Foods Corporation HRL News Analytics from Fri, 08 Nov 2024 08:00:00 GMT to Sat, 20 Sep 2025 15:46:58 GMT -
Rating -6
- Innovation -5
- Information 3
- Rumor -2
