Hormel Foods (HRL) gains 0.84% to Close at $42.01 on October 22

[ad_1]

Hormel Foods Corp. (NYSE: HRL), a Austin, Minnesota, company, gained to close at $42.01 Friday after gaining $0.35 (0.84%) on volume of 1,048,531 shares. The stock ranged from a high of $42.07 to a low of $41.63 while Hormel Foods’s market cap now stands at $22,792,813,647.

Hormel Foods currently has roughly 20000 employees.

About Hormel Foods Corp.

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. Its brands include SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Wholly®, Hormel® Black Label®, Columbus® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the ‘Global 2000 World’s Best Employers’ list by Forbes magazine for three straight years, is one of Fortune magazine’s most admired companies, has appeared on Corporate Responsibility Magazine’s ‘The 100 Best Corporate Citizens’ list for 12 years in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement – Inspired People. Inspired Food.™ – to bring some of the world’s most trusted and iconic brands to tables across the globe.

Visit Hormel Foods Corp.’s profile for more information.

The Daily Fix

Here’s a trending selection from our newsletter, The Daily Fix, that captured readers’ attention. Click here to subscribe and get The Daily Fix delivered right to your inbox.

Keep Your Friends Close, But Your Enemies Closer — Part I

Revenge represents an amazing human activity. In business, kicking opponents when they are down comes with the territory. As Huawei struggles with US government sanctions, Xiaomi steps in to introduce competing products and grab market share. Former Communists learn quickly about the free market economy. No employee at Facebook (NASDAQ: FB) asks the giant to go easy on Myspace. Remember Myspace? No Apple (NASDAQ: AAPL) executive lends a helping hand to Motorola, which is even harder to remember. This new series looks at a few savory examples of business payback.

[More]


 

Breaking the Supply Chain Bottleneck

Since the start of the global pandemic, historically low interest rates and government spending have inhibited saving and encouraged borrowing and spending to lift the economy during the challenging period. The US Federal Reserve and government have pumped far more liquidity into the financial system than during the 2008 global financial crisis. We have seen an increase in inflationary pressures because of the stimulus. Moreover, the pandemic’s unintended consequences have created shortages and supply chain bottlenecks that have only exacerbated rising prices.

[More]


Walgreens Investing Additional $5.2 Billion in Primary Care Provider VillageMD

Walgreens Boots Alliance Inc (Nasdaq: WBA) will invest $5.2 billion in primary care provider VillageMD as part of the pharmacy chain’s plan to open more co-located practices within its drugstores across the US.

The investment announced Thursday increases the Deerfield, Illinois-based chain’s stake in VillageMD to 63% from the 30% it acquired in July 2020. 

[More]


About The New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals. 63% of SPAC proceeds in 2020 were raised on the NYSE, including the six largest transactions.

To get more information on Hormel Foods Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: Hormel Foods Corp.’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

DISCLOSURE:
The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer




Jobless Claims Fall to 290,000 — 19-Month Low


Paul Tudor Jones Calls Inflation ‘Single Biggest Threat’ to Financial Markets


FDA Expands Booster Dose Usage Authorization for COVID-19 Vaccines


McDonald’s To Offer New Plant-Based Burger in US Restaurants by Beyond Meat


Walgreens Investing Additional $5.2 Billion in Primary Care Provider VillageMD


JPMorgan Misses on Third Quarter Revenue, Beats Earnings Estimates With One-Time Items


BlackRock Beats Q3 Profit Estimates, But Asset Growth Flattens

<!–Next page–>

!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘845003942344131’);
fbq(‘track’, ‘PageView’);

[ad_2]

Read More: Hormel Foods (HRL) gains 0.84% to Close at $42.01 on October 22