Core Insights - Scott Aakre, the group vice president and chief marketing officer for Retail at Hormel Foods, will retire at the end of fiscal 2025 after 35 years with the company, but will continue to serve on the board of directors [1][2] - Aakre's marketing expertise has significantly strengthened the connection between Hormel's brands and consumers, and he is recognized for his contributions to the Austin, Minnesota community [2][4] - Hormel Foods Corporation generates approximately $12 billion in annual revenue and operates in over 80 countries, with a diverse portfolio of well-known brands [5] Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with a revenue of around $12 billion [5] - The company is a member of the S&P 500 Index and has received various accolades for corporate responsibility and community service [5] Leadership Transition - Aakre has held various management positions since joining Hormel Foods in 1990, including vice president of marketing for grocery products and senior vice president of Brand Fuel [3] - His responsibilities will be transitioned internally, ensuring continuity in leadership and strategic direction [1] Community Engagement - Aakre is actively involved in community and charitable causes, having served on the board of the United Way of Mower County [4] - He was recently appointed to the board of directors of The Hormel Foundation, which beneficially owns approximately 46% of Hormel's common stock [4]

Core Insights - The CORN NUTS® brand is launching new Partially Popped Corn Kernel varieties, combining the lightness of popcorn with the crunch of traditional corn kernels [1][3] - The new flavors include White Cheddar, Movie Theater Butter, and Kickin' Cheddar, designed to appeal to snack lovers [2][3][7] - The product is packaged in 3-ounce bags, with a retail price range of $1.99 to $2.49, and will be available at select convenience stores [3] Company Overview - The CORN NUTS® brand has been part of Hormel Foods Corporation since 2021 and has a history dating back to 1939 [5] - Hormel Foods Corporation generates approximately $12 billion in annual revenue and operates in over 80 countries [6] - The company is recognized for its corporate responsibility and has received multiple awards for its workplace environment and community service [6][8]

If you are looking for dividend stocks in today's market, you need to be selective. Given that the average stock in the S&P 500 (^GSPC -0.64%) is offering a paltry 1.3% yield, you can easily find higher-yielding investments. But finding high yields from companies you'd want to hold onto for a decade requires deeper consideration. Hormel's dividend yield is around 3.8%, which is nearly three times the level of the S&P 500 index. It also happens to be near the highest levels in the food maker's history. That ...

Core Insights - The HORMEL® SQUARE TABLE® brand is expanding its protein-rich portfolio with the introduction of two new chicken varieties: Tuscan Style Chicken and Maple Bourbon Chicken, in response to the growing demand for convenient meal solutions [1][3]. Product Details - Tuscan Style Chicken features tender, fully cooked chicken breast in a rich Tuscan-style sauce, designed for easy preparation with pasta and vegetables [4]. - Maple Bourbon Chicken combines tender chicken breast with savory uncured bacon in a sweet-and-smoky maple bourbon sauce, recommended to be served with mashed potatoes and vegetables [4]. Market Trends - There is a notable increase in consumer preference for heat-and-eat meal solutions, as shoppers seek quick and satisfying meal options that require minimal preparation [5]. - The trend indicates that ready-made meals are becoming a preferred choice for consumers who prioritize convenience and quality without compromising on flavor [6]. Pricing and Availability - Both new chicken varieties are priced at $9.98 and are available at select retailers nationwide [6]. Company Overview - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and operates in over 80 countries, offering a diverse range of well-known brands [7].

Company Overview - The HERDEZ® brand is recognized as the No. 1 selling brand of salsa in Mexico and leads the authentic Mexican salsa market in the US [6] - HERDEZ® is part of MegaMex Foods, a rapidly growing Mexican food company in the US focused on innovative flavor experiences [6] - Hormel Foods Corporation, the parent company, generates approximately $12 billion in annual revenue and operates in over 80 countries [7] Product Launch - HERDEZ® is expanding its Mexican Refrigerated Entrées line with the introduction of HERDEZ® Al Pastor Seasoned Shredded Pork with Sauce, which features seasoned shredded pork in a rich sauce [1][2] - The new product is designed to cater to the growing consumer demand for global-inspired meal solutions that are convenient and flavorful [3][4] Market Trends - There is a significant rise in demand for convenient meal solutions, particularly among younger consumers who prefer quality, nutrition, and ease of preparation [4] - Heat-and-eat meat entrees like HERDEZ® Al Pastor provide a smart alternative to takeout or traditional cooking, maintaining taste and quality [4] Pricing and Availability - The retail price for HERDEZ® Al Pastor Seasoned Shredded Pork with Sauce ranges from $9.98 to $10.98 and is available in major retailers nationwide [5]

Core Viewpoint - Many income investors are seeking reliable dividend stocks, with PepsiCo, Target, and Hormel Foods being highlighted as "Dividend Kings" that have consistently paid and increased dividends for over 50 years, presenting a unique investment opportunity due to their attractive dividend yields [2][5]. Group 1: Dividend Stocks Overview - PepsiCo, Target, and Hormel Foods have maintained a quarterly dividend and increased it annually for over 50 years, categorizing them as some of the most reliable dividend stocks globally [2]. - The dividend yields for these companies are significantly higher than the market average, with Pepsi at 3.6%, Target at 4.3%, and Hormel near 4%, all close to their all-time highs [3][10][14]. Group 2: PepsiCo Analysis - PepsiCo operates over 200 food and beverage brands, with 22 brands generating over $1 billion in annual revenue, indicating its substantial market presence [7]. - The company is investing in automation for its warehouses, which is expected to enhance profitability by improving operational efficiencies [8]. - PepsiCo is targeting more than 10 emerging international markets for long-term growth, as 60% of its business currently comes from just 5% of the global population, suggesting significant potential for profit improvement [9][10]. Group 3: Target Analysis - Target has the lowest payout ratio among the three at 50%, providing management with flexibility to increase future dividends even if profits remain stable [11]. - The company's Target Plus initiative has grown into a $1 billion business, expanding its e-commerce presence and improving overall profit margins [12][13]. - With a current dividend yield of 4.3%, Target's potential for profit growth through initiatives like Target Plus makes it an attractive long-term investment [14]. Group 4: Hormel Foods Analysis - Hormel has a long history of dividend payments, nearing 100 years without missing a payment and raising dividends for 59 consecutive years [15]. - The company faces challenges such as bird flu affecting the turkey industry and underperformance from its $3 billion acquisition of Planters, leading to lower gross and operating margins [16][18]. - Hormel is focusing on value-added products and plans to invest up to $300 million in capital expenditures to enhance manufacturing capacity for these higher-margin items, which could lead to profit growth [19][20].

Spicy flavors, regional varieties and homestyle ingredients are increasingly popular as pizza enthusiasts seek novelty, nostalgiaAUSTIN, Minn., March 27, 2025 /PRNewswire/ -- Straight from the sizzling scene of the 2025 International Pizza Expo in Las Vegas, Hormel Foods — maker of the best-selling retail pepperoni in the United States and a market leader in foodservice pizza toppings — is dishing out its freshest take on the pizza industry's hottest trends. Logan Kumm and Daniel Moore, both Foodservice ...

Core Insights - Hormel Foods Corporation announced the re-appointment of Jeffrey M. Ettinger to its Board of Directors, effective March 21, 2025, highlighting his long-standing commitment to the company and its shareholders [1][2] Company Overview - Hormel Foods is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue and operations in over 80 countries [5] - The company is recognized for its diverse portfolio of brands, including PLANTERS®, SKIPPY®, SPAM®, and HORMEL® NATURAL CHOICE®, among others [5] - Hormel Foods is a member of the S&P 500 Index and has received various accolades for corporate responsibility and community service [5] Leadership and Governance - Jeffrey M. Ettinger, who previously served as president and CEO of Hormel Foods from 2005 to 2016, will join the board's Governance Committee and CEO Search Committee [2][3] - Ettinger currently chairs The Hormel Foundation, which beneficially owns approximately 46% of Hormel Foods' outstanding common stock [1][3] Community Engagement - As chairman of The Hormel Foundation, Ettinger oversees the distribution of millions of dollars in charitable donations to enhance the quality of life in the Austin, Minnesota community [3][4]

Leadership Advancements - Hormel Foods Corporation announced leadership advancements in its Retail business segment, promoting Scott Weisenbeck to vice president of marketing – Retail and Joe O'Connor to vice president of Emerging Brands – Retail [1][5] - The promotions are aimed at strengthening the company's brands and driving growth, with both leaders expected to bring strategic insights and expertise to their new roles [1][5] Leadership Background - Scott Weisenbeck has been with Hormel Foods since 1992, advancing through various roles including sales representative, brand manager, and most recently assistant vice president of bacon [2] - Joe O'Connor joined Hormel Foods in 2006 and has held several positions, including national category manager and director of sales, before becoming president of Applegate and assistant vice president of Hormel Foods [3] Company Overview - Hormel Foods Corporation is a global branded food company with approximately $12 billion in annual revenue, operating in over 80 countries [4] - The company is known for its diverse portfolio of brands, including PLANTERS®, SKIPPY®, SPAM®, and APPLEGATE®, and has received numerous accolades for corporate responsibility and community service [4]

AUSTIN, Minn., March 10, 2025 /PRNewswire/ -- In a captivating new chapter, MR. PEANUT® and the world-famous PLANTERS® NUTmobile are making their movie debut in Netflix's highly anticipated new film, The Electric State. Ahead of the film's release, The PLANTERS® brand and Netflix created exclusive TV spots featuring MR. PEANUT® in The Electric State. A longtime symbol of the PLANTERS® brand and pop culture, MR. PEANUT® brings a fun charm to the film while staying true to his classic American icon ...