Company Overview - The PLANTERS® brand, founded in 1906, has been a leading snacking solution with a diverse portfolio including peanuts, nut mixes, and seeds, and is owned by Hormel Foods Corporation since 2021 [5] - Hormel Foods Corporation, based in Austin, Minnesota, generates approximately $12 billion in annual revenue and operates in over 80 countries, with a wide range of brands including PLANTERS®, SKIPPY®, and SPAM® [6] Product Launch - The PLANTERS® x Miller High Life® Bar Nut Mix is a new limited-edition product designed to be a bold and savory snack, ideal for summer gatherings [1][2] - This product combines seasoned peanuts, almonds, Cajun-style corn sticks, pretzel sticks, rice crackers, and garlic bread sticks, creating a nostalgic yet fresh bar snack experience [2][3] Marketing and Collaboration - The collaboration between PLANTERS® and Miller High Life® celebrates over a century of partnership, with previous campaigns including co-branded merchandise and unique promotional events [3] - The Bar Nut Mix is positioned as a simple and satisfying snack that complements Miller High Life® beer, emphasizing a casual summer hangout experience [4]

Core Insights - Hormel Foods Corporation announced that Jeff Baker will become the group vice president for Retail marketing at the end of fiscal 2025, succeeding Scott Aakre [1] - Baker has been with Hormel Foods for 35 years, holding various positions in sales, product management, and marketing, demonstrating a strong track record of growth [2][3] - The company aims to evolve its brand portfolio to align with changing consumer preferences, enhance its presence in snacking and entertaining, and drive growth in its food-forward portfolio under Baker's leadership [1][3] Company Overview - Hormel Foods Corporation is a global branded food company based in Austin, Minnesota, with approximately $12 billion in annual revenue and operations in over 80 countries [3] - The company’s brand portfolio includes well-known names such as PLANTERS®, SKIPPY®, SPAM®, and HORMEL® NATURAL CHOICE®, among others [3] - Hormel Foods is recognized as a member of the S&P 500 Index and has received various accolades for corporate responsibility and community service [3]

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 ...

Today's shoppers are turning to ready-made meals more than ever before, limiting prep time while delivering on satisfaction. These convenient options offer a welcome alternative to takeout or time-consuming home cooking, allowing consumers to enjoy a hot, hearty meal with minimal effort. No longer seen as a last resort, today's heat-and-eat products are crafted with high-quality ingredients, diverse flavor profiles and an emphasis on freshness. As a result, heat-and-eat meals are not just a time-saving solu ...

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]