Hormel Foods Corporation announced it will acquire Brakebush Brothers, a leading value-added chicken company, for approximately $1.055 billion. This acquisition will strengthen Hormel's position in the growing protein category, expand its value-added chicken offerings, and enhance its foodservice capabilities through improved customer relationships and sales reach. The deal is expected to close in the first quarter of fiscal 2027 and be accretive to adjusted earnings per share by fiscal 2028. Hormel aims to leverage Brakebush's scale, innovation, and customer loyalty to support long-term growth.
Hormel Foods Corp (HRL) shares trade at USD 19.93 on Pluang as of Sep 30, 2026, 17:12 WIB, up 0.40% for the day. The stock's market cap stands at $10.92 billion, with a dividend yield of 5.89%. Pluang investors show full buy interest with 100% buy orders and no sell orders at this time.
Hormel Foods has promoted Dr. Aaron Asmus to vice president of Research and Development, where he will lead the company's R&D efforts focusing on innovation, food safety, and quality. Additionally, Lisa Selk has been named vice president of growth an...
Hormel Foods Corporation announced a quarterly dividend of $0.2925 per share, payable on November 16, 2026, to shareholders of record as of October 13, 2026. This marks the company's 393rd consecutive quarterly dividend, reflecting its long-standing ...
Hormel (HRL), a U.S.-based protein food company, is rated a 'hold' due to ongoing inflation, input cost pressures, and weak organic growth offsetting its undervaluation and strong dividend history. New management has streamlined operations, exiting l...
Tyson Foods continues to pay a $0.51 quarterly dividend even as its beef segment incurs significant losses, with a Q3 beef loss of $138 million and full-year guidance of $500-650 million in losses. However, the company’s free cash flow comfortably co...
