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Hormel Foods Corp (HRL) stock has reached a new 52-week low, touching $24.78. This milestone underscores a challenging period for the food company, as it reflects a 9.85% decline over the past year. Despite the downturn, InvestingPro analysis indicates the stock is currently undervalued, with a notable 4% dividend yield and a 32-year streak of consecutive dividend increases. The stock’s dip to this 52-week low highlights ongoing market pressures and investor sentiment, which have influenced Hormel Foods’ performance. The company, known for its packaged foods and meat products, has faced a year of fluctuating demand and cost pressures, contributing to its downward trajectory in the stock market. Nevertheless, the company maintains strong fundamentals with a healthy current ratio of 2.47 and operates with moderate debt levels. Want deeper insights? InvestingPro offers 8 additional key tips and comprehensive analysis in its Pro Research Report.
In other recent news, Hormel Foods has seen a series of significant developments. JPMorgan upgraded Hormel Foods from Neutral to Overweight, setting a new price target of $34.00, due to the company’s strong position in the protein market, particularly with its pork and turkey offerings. Goldman Sachs also initiated coverage with a buy rating and a price target of $35, highlighting Hormel’s diverse packaged food portfolio. On the leadership front, Hormel announced the appointment of Jeffrey Ettinger as interim CEO and John Ghingo as president, effective July 14, 2025. These changes follow the planned retirement of current CEO James P. Snee, who will transition to a special advisor role before his departure. Additionally, Paul Peil has been promoted to vice president of marketing for Fresh and Ready Meats, while Christie Crouch joins as vice president of marketing for Snacking and Entertaining. These appointments are part of Hormel’s ongoing efforts to strengthen its retail business segment.
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