Hormel Foods(HRL)
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Hormel Foods: A Wait And See Approach For This Dividend King
Seeking Alpha· 2024-04-30 07:49
LauriPatterson/E+ via Getty Images Investment Thesis Looking at where Hormel Foods Corporation (NYSE:HRL) is now and considering where I believe it will be in the next few years, I believe the company is a hold. The company, while performing better than some of its competitors, has seen continued margin declines over the past five to ten years, which has negatively impacted the bottom line and caused its payout ratio to steadily increase. With that in mind, and considering the current valuation, the com ...
2 Magnificent Dividend Stocks That I'm "Never" Selling
The Motley Fool· 2024-04-27 20:04
Procter & Gamble is an easy stock to love today, but I'm also a huge fan of Hormel Foods, which is down and out.I am a dividend investor trying to build a portfolio of stocks that will help to provide me with income in retirement. When I see an attractively priced stock that has a solid business and an attractive dividend history, I go in for a deep dive.That's what got me to buy Procter & Gamble (PG -0.78%) when it was unloved by Wall Street. And why I am so fond of Hormel Foods (HRL 0.14%) today, while it ...
Hormel Foods Announces Retirement of Jeff Grev, Vice President of Legislative Affairs
Prnewswire· 2024-04-24 10:30
Company Names Chad Randick SuccessorAUSTIN, Minn., April 24, 2024 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced that Jeff Grev, vice president of legislative affairs, will be retiring after a 40-year career with the company. Chad Randick, director of strategy and current lead of the company's transformation and modernization initiative, will succeed Grev as vice president of legislative affairs. Jeff Grev Chad Randick "I want to thank J ...
With Summertime Parties on the Horizon, the Makers of the HORMEL GATHERINGS® Brand Introduce Summer-Themed Hard Salami & Pepperoni Tray
Prnewswire· 2024-04-23 12:00
Summer is nearly here, and the makers of the HORMEL GATHERINGS® brand are welcoming the season with another time-saving option for party-planning consumersAUSTIN, Minn., April 23, 2024 /PRNewswire/ -- With summer months right around the corner, the makers of the HORMEL GATHERINGS® brand are welcoming the season with the all-new, summer-themed Hard Salami & Pepperoni Tray, a perfect snacking solution for any summer shindig. Whether it's Fourth of July celebrations, or simply enjoying the company of family an ...
3 Meat Food Stocks Hogging in the Limelight on Robust Industry Trends
Zacks Investment Research· 2024-04-19 14:56
The Zacks Food – Meat Products industry players have been benefiting from consumers’ growing appetite for protein-rich products stemming from their rising consciousness toward health and wellness. Efforts to make the most of these trends through product diversification, capacity expansion and exploring plant-based meats have been working well. However, several meat companies have been battling hurdles associated with cost inflation, though the trend is moderating. Also, companies remain troubled by challe ...
MegaMex Foods Debuts DOÑA MARIA® Mole Rojo
Prnewswire· 2024-04-17 14:00
Mole, pronounced MOH-ley, comes from the Mexican native language Nahuatl mōlli meaning "sauce". Mole describes a variety of complex sauces that can contain more than 20 ingredients used in Mexican cuisine. Every container of DOÑA MARIA® Mole Rojo is meticulously crafted in Mexico, where mole is known as the country's national dish. Authenticity is at the heart of this rich bold paste, giving operators a truly distinct flavor that can elevate any dish. "We are excited to introduce our first foodservice pro ...
Hormel Foods: Buy, Sell, or Hold?
The Motley Fool· 2024-04-16 13:23
The food company is trying to get back on its feet after some trying years.Food products company Hormel Foods (HRL -0.06%) could be considered a blue chip stock. Most companies that raise their dividends every year for more than five consecutive decades earn that label. But Hormel's stock price doesn't reflect that now -- it's down nearly 40% from the all-time high it reached two years ago.Investing in broken blue chip companies can be a lucrative long-term strategy if their struggles relate to temporary is ...
1 Dividend Growth Stock Down 35% to Buy Right Now
The Motley Fool· 2024-04-13 20:01
"Fallen angel": A great company that has temporarily encountered hard times. Dividend King Hormel Foods is likely to fly again at some point soon.Wall Street loves a good story, on both the positive and negative sides. Right now, unfortunately, the story for Hormel Foods (HRL -2.13%) is a bad one. Which is why the stock has fallen roughly 35% from its 2022 high-water mark.While the food maker is facing very real headwinds, it is highly likely that it will muddle through and continue to reward investors with ...
Hormel Foods (HRL) Looks Appetizing on Foodservice Demand
Zacks Investment Research· 2024-04-12 17:31
Hormel Foods Corporation (HRL) is reaping benefits from the growing demand for Foodservice products. The leading food company has been strengthening its business on the back of strategic acquisitions. The company’s focus on its six strategic priorities is noteworthy. These factors boosted first-quarter fiscal 2024 results, with the top and the bottom line increasing year over year and surpassing the Zacks Consensus Estimate.Management expects fiscal 2024 sales growth of 1-3%, backed by volume increases in c ...
Hormel Foods Seeking Nominations for 2024 Class of 10 Under 20 Food Heroes
Prnewswire· 2024-04-10 12:00
Now in its third year, the 10 Under 20 Food Heroes program recognizes young innovators fostering positive change in our food systemAUSTIN, Minn., April 10, 2024 /PRNewswire/ -- Hormel Foods, a Fortune 500 global branded food company, is now accepting nominations for the 2024 class of 10 Under 20 Food Heroes. The impact-driven program, now in its third year, recognizes the efforts of young trailblazers from across the United States whose philanthropic efforts are driving the world toward a more transparent, ...