Aberdeen Group plc, WealthPLAN Partners LLC, and Vest Financial LLC have altered their stock positions in
Hormel Foods Corporation (HRL). Meanwhile, Cwm LLC and Shell Asset Management Co. augmented their stake in the firm. The company's
dividend record remains intact, despite recent market fluctuations, with a consistent payout of $0.29.
Jim Cramer suggested potential benefits from a merger, but expressed concerns about the company's pricing power. The company has made key leadership changes, appointing
John Ghingo as President and bringing back former CEO
Jeffrey M. Ettinger. Despite mixed earnings results and a weaker Q3 guidance, analysts perceive long-term upside for Hormel, given its status as a leading food dividend stock. Hormel's financial performance is keenly observed by investors, with concerns rising over margin pressures and declining volumes. Nonetheless, its commitment to food security initiatives has been noted as potentially strengthening its long-term stakeholder appeal. They will hold a virtual meeting for all stockholders in 2025. Lastly, despite a slight downturn, Hormel continues its tradition of contributing to hunger action programs.
Hormel Foods Corporation HRL News Analytics from Mon, 25 Nov 2024 08:00:00 GMT to Fri, 17 Oct 2025 09:32:20 GMT -
Rating -1
- Innovation 1
- Information 5
- Rumor 2
